KNSL Price Prediction Next Week
KNSL Stock Price Prediction and Recommendation
Based on the analysis of news and technical indicators, here is the prediction and recommendation for KNSL:
Technical Analysis:
- Price Trend: KNSL recently broke above its 200-day moving average, indicating bullish momentum.
- Support and Resistance: Key support is at $430.73 (Fibonacci pivot), and resistance is at $451.26 (Fibonacci R1).
- RSI: Neutral at 51.72, not indicating overbought or oversold conditions.
- MACD: Slightly bearish but nearing a potential bullish crossover.
- Stochastic Oscillator: In the lower range but not oversold.
Fundamental Analysis:
- Market Position: Strong profitability in a growing $116 billion market.
- Recent Performance: 13% decline over three months, presenting a potential buying opportunity.
- Earnings Outlook: Expected EPS decrease could impact short-term price.
Prediction:
The stock is expected to consolidate between $430.73 and $451.26. The next trading week's price is predicted to be around $440.
Recommendation:
Buy KNSL near the support level of $430.73, anticipating a bounce towards the resistance at $451.26.
KNSL Similar Chart Price Prediction
The price of KNSL is predicted to go up -1.84%, based on the high correlation periods with ALB. The similarity of these two price pattern on the periods is 96.17%.
KNSL
ALB
Down: -1.84%Similarity: 96.17%
KNSL Revenue Forecast
KNSL EPS Forecast
KNSL FAQs
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KNSL Analyst's Forecast
Mark Hughes
Truist Securities
Strong Buy
2025-01-14
Price Target
$500 → $480
Upside
+11.68%
Truist analyst Mark Hughes lowered the firm's price target on Kinsale Capital to $480 from $500 and keeps a Buy rating on the shares. With the addition of the data from New York, where growth improved a point versus Q3, the premium in four states - also CA, FL, and TX - representing half the E&S market advanced 14% in Q4, just below the 15%-16% gains the preceding two quarters, the analyst tells investors in a research note. The firm's price target cut also reflects the view that the company retains its current forward P/E multiple of 22x and then appreciates with earnings growth in the mid-teens, Truist added.
Pablo Singzon
JP Morgan
Hold
2025-01-03
Price Target
$415 → $412
Downside
-3.81%
Michael Zaremski
BMO Capital
Hold
2024-11-21
Price Target
$445 → $461
Downside
-8.95%
