Analysis and Insights
News and Event Impact:
- Acquisition Announcement: Palomar Holdings has signed a definitive agreement to acquire Advanced AgProtection, signaling strategic growth and targeting $200 million in crop premiums by 2025.
- Insider Trading Activity: The CEO sold 424 shares, marking 66 insider sales with no purchases in the past six months.
- Institutional and Analyst Insights: 142 institutional investors increased holdings, while 138 decreased theirs. Analysts have issued 2 buy ratings and no sell ratings recently.
Technical Indicators:
- RSI: 49.72 (RSI_6), 55.82 (RSI_12), 56.70 (RSI_14) indicate the stock is not overbought.
- MACD: Positive but with a negative histogram, suggesting weakening momentum.
- SMA: Trading above 20, 50, and 200-day moving averages, indicating a bullish trend.
- Fibonacci Levels: Resistance at 134 and 136.67, support at 129.69.
Price Action:
- Current Price: $132.82.
- Recent Movement: 2.71% increase on the last trading day.
Conclusion:
The stock is expected to face resistance at 134. Price prediction for next week: $130.50. Recommendation: Sell as it approaches resistance levels.
Analysis and Insights
News and Event Impact:
- Acquisition Announcement: Palomar Holdings has signed a definitive agreement to acquire Advanced AgProtection, signaling strategic growth and targeting $200 million in crop premiums by 2025.
- Insider Trading Activity: The CEO sold 424 shares, marking 66 insider sales with no purchases in the past six months.
- Institutional and Analyst Insights: 142 institutional investors increased holdings, while 138 decreased theirs. Analysts have issued 2 buy ratings and no sell ratings recently.
Technical Indicators:
- RSI: 49.72 (RSI_6), 55.82 (RSI_12), 56.70 (RSI_14) indicate the stock is not overbought.
- MACD: Positive but with a negative histogram, suggesting weakening momentum.
- SMA: Trading above 20, 50, and 200-day moving averages, indicating a bullish trend.
- Fibonacci Levels: Resistance at 134 and 136.67, support at 129.69.
Price Action:
- Current Price: $132.82.
- Recent Movement: 2.71% increase on the last trading day.
Conclusion:
The stock is expected to face resistance at 134. Price prediction for next week: $130.50. Recommendation: Sell as it approaches resistance levels.