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AI Analysis of WTM
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White Mountains Insurance Group Ltd stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 31, 2024 Gain 14.41% PDF

The White Mountains Insurance Group Ltd stock price gained 1.29% on the last trading day (Wednesday, 27th Mar 2024), rising from $1,779.96 to $1,802.99. During the last trading day the stock fluctuated 0% from a day low at $1,802.99 to a day high of $1,802.99. The price has risen in 6 of the last 10 days and is up by 3.83% over the past 2 weeks. Volume fell on the last day by -905 shares and in total, 6 thousand shares were bought and sold for approximately $10.25 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a strong 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 22.12% during the next 3 months and, with a 90% probability hold a price between $2,160.69 and $2,283.22 at the end of this 3-month period.

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WTM Signals & Forecast

The White Mountains Insurance Group Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1,799.39 and $1,751.13. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -2.11%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for White Mountains Insurance Group Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at $1,699.07 and $1,611.27. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, White Mountains Insurance Group Ltd finds support just below today's level at $1,699.07. If this is broken, then the next support from accumulated volume will be at $1,611.27 and $1,595.00.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.28%.

Our recommended stop-loss: $1,729.91 (-4.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (WTM) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect White Mountains Insurance Group Ltd to open at $1,802.99, and during the day (based on 14 day Average True Range), to move between $1,771.95 and $1,834.03, which gives a possible trading interval of +/-$31.04 (+/-1.72%) up or down from last closing price. If White Mountains Insurance Group Ltd takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1,805.80 (0.16%) than the support at $1,699.07 (5.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is White Mountains Insurance Group Ltd stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for White Mountains Insurance Group Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.582 Buy Candidate Upgraded

Predicted Opening Price for White Mountains Insurance Group Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1,802.99 ( 0%) $1,802.99

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for WTM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1,802.99 .
R2 1,802.99 .
R1 1,802.99 .
Current price: 1,802.99
Support S1 1,802.99 .
S2 1,802.99 .
S3 1,802.99 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1,841.88 2.16 %
R2 1,809.67 0.370 %
R1 1,805.80 0.156 %
Current price 1,802.99
Support S1 1,699.07 -5.76%
S2 1,611.27 -10.63%
S3 1,595.00 -11.54%

WTM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 23, 2024 Mar 08, 2024 Mar 20, 2024 $1.00 0.0543%
2 Feb 23, 2023 Mar 10, 2023 Mar 22, 2023 $1.00 0.0747%
3 Feb 25, 2022 Mar 11, 2022 Mar 23, 2022 $1.00 0.0919%
4 Feb 26, 2021 Mar 12, 2021 Mar 24, 2021 $1.00 0.0853%
5 Feb 28, 2020 Mar 13, 2020 Mar 25, 2020 $1.00 0.119%

FAQ

What is the symbol for White Mountains Insurance Group Ltd Stock and on which exchange is it traded?
The symbol for White Mountains Insurance Group Ltd is WTM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell White Mountains Insurance Group Ltd Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for White Mountains Insurance Group Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy White Mountains Insurance Group Ltd Stock?
White Mountains Insurance Group Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy White Mountains Insurance Group Ltd Stock.

What's the current price of White Mountains Insurance Group Ltd Stock?
As of the end of day on the 2024-03-27, the price of an White Mountains Insurance Group Ltd (WTM) share was $1,802.99.

What is the 52-week high and low for White Mountains Insurance Group Ltd Stock?
The 52-week high for White Mountains Insurance Group Ltd Stock is $1,849.99 and the 52-week low is $1,319.05.

What is the market capitalization of White Mountains Insurance Group Ltd Stock?
As of the 2024-03-27, the market capitalization of White Mountains Insurance Group Ltd is 4.607B.

When is the next earnings date for White Mountains Insurance Group Ltd?
The upcoming earnings date for White Mountains Insurance Group Ltd is May 07, 2024.
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About White Mountains Insurance Group Ltd

White Mountains Insurance Group Ltd White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through five segments: HG Global/BAM, Ark, NSM, Kudu, and Other Operations. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services. The Ark segment ... WTM Profile

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