RLI Price Prediction Next Week
RLI Stock Price Prediction and Recommendation
Based on the analysis of news sentiment and technical indicators, the predicted stock price for RLI Corp. (RLI) for the next trading week is $76.80.
Recommendation: Hold
This prediction is derived from the following key factors:
Dividend Impact: RLI Corp. recently raised its quarterly dividend by 3.4% to $0.15 per share, signaling confidence in its financial stability. However, the ex-dividend date has already passed, so the stock price may have adjusted for this news.
Technical Indicators:
- RSI (14): 50.05 (neutral zone, not oversold or overbought).
- MACD: -0.16 (slightly bearish signal).
- Stochastic Oscillator: %K (63.56) and %D (64.47) suggest a neutral trend but approaching overbought levels.
- Fibonacci Levels: Pivot at 75.77, with resistance at 76.80 and support at 74.74.
Price Action: The stock closed at 76.395 on March 10, with a 0.68% gain during regular market hours, indicating moderate bullish momentum.
Analyst Sentiment: While there have been some downgrades, the overall sentiment remains mixed, with a focus on the company's resilience.
Given these factors, the stock is expected to trade near the resistance level of 76.80, with potential volatility. A hold recommendation is advised as the technical indicators suggest a neutral to slightly bullish outlook.
RLI Similar Chart Price Prediction
The price of RLI is predicted to go up 85.75%, based on the high correlation periods with ORKA. The similarity of these two price pattern on the periods is 94.41%.
RLI
ORKA
Up: 85.75%Similarity: 94.41%
RLI Revenue Forecast
RLI EPS Forecast
RLI FAQs
What is RLI revenue forecast for next quarter？
What is RLI eps forecast for next quarter？
RLI Analyst's Forecast
Scott Heleniak
RBC Capital
Hold
2025-01-24
Price Target
$88 → $80
Upside
+10.38%
RBC Capital analyst Mark Dwelle lowered the firm's price target on RLI Corp. to $80 from $88 and keeps a Sector Perform rating on the shares after its Q4 earnings miss. The company's results trailed estimates mostly due to an underwriting loss in the Casualty segment, though its Surety and Property combined ratios remain good and reserve releases were solid, the analyst tells investors in a research note. RBC maintains that RLI is a "high-quality company" that will take prudent actions including large rate increases and repositioning in Casualty during 2025.
Meyer Shields
Keefe, Bruyette & Woods
Buy
2025-01-10
Price Target
$201 → $200
Upside
+33.94%
Casey Alexander
Compass Point
Strong Buy
2024-10-25
Price Target
$170 → $185
Upside
+19.12%
