Y Forecast and Technical Stock AnalysisBuy candidate since 2019-07-01 Gain 0.67%
Alleghany Corp gained 1.01% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $691.44 to $698.42 During day the stock fluctuated 1.62% from a day low at $690.14 to a day high of $701.33. The price has been going up and down for this period, and there has been a -0.57% loss for the last 2 weeks. Volume fell in the last day by -18 548 shares, and in total, 64 408 shares bought and sold for approximately $44.98 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the Y stock price was $714.60 and low was $666.88.
- 90 day high was $714.60 and low was $636.92.
- 52 week high for the Alleghany Corp - $714.60 and low - $574.42.
Alleghany Corp lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.14% during the next 3 months and, with 90% probability hold a price between $730.74 and $774.79 at the end of this period.
Only positive signals in the chart today. Alleghany Corp holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $700.79. On a fall, the stock will find some support from the long-term average at approximately $689.25. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday July 17, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 64 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Alleghany Corp finds support from accumulated volume at $686.52.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $11.19 (1.62%) between high and low. For the last week, the stock has had a daily average volatility of 1.41%.
Our recommended stoploss: $663.24 (-5.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
1.41 %Average volatility
Very Low Low Medium High Very High
Alleghany Corp holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|Y $698.42 ($6.98 1.01%)|
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