SIGI Price Prediction Next Week
Analysis and Insights
Technical Analysis:
The Relative Strength Index (RSI) for SIGI is currently at 49.44, indicating that the stock is not overbought. The Stochastic Oscillator K (73.79) and D (77.44) suggest a bullish signal, as K is above D. The MACD is slightly negative at -0.65, but the MACD Histogram is positive at 0.79, indicating a bullish crossover.
Fibonacci Levels:
The Fibonacci pivot point is at 83.81, with resistance levels at 87.20 and 89.30, and support levels at 80.42 and 78.32. This suggests that if SIGI breaks above 87.20, it could target 89.30.
Insider Buying Activity:
Patrick Sean Brennan, CFO of Selective Insurance Group Inc, recently purchased 3,000 shares at $83.15, indicating confidence in the company's future performance. This insider buying activity is a positive signal for the stock.
Price Prediction:
Based on the technical indicators and Fibonacci levels, SIGI is expected to reach a price of $89.30 in the next trading week.
Recommendation:
Buy SIGI as the technical indicators and insider buying activity suggest a bullish trend.
SIGI Similar Chart Price Prediction
The price of SIGI is predicted to go up 3.34%, based on the high correlation periods with MTRX. The similarity of these two price pattern on the periods is 96.43%.
SIGI
MTRX
Up: 3.34%Similarity: 96.43%
SIGI Revenue Forecast
SIGI EPS Forecast
SIGI FAQs
What is SIGI revenue forecast for next quarter？
What is SIGI eps forecast for next quarter？
SIGI Analyst's Forecast
Meyer Shields
Keefe, Bruyette & Woods
Buy
2025-01-10
Price Target
$114 → $116
Upside
+29.32%
Keefe Bruyette analyst Meyer Shields raised the firm's price target on Selective Insurance to $116 from $114 and keeps an Outperform rating on the shares as part of a Q4 earnings preview for the property and casualty sector. The results will include slowing written commercial and specialty premium growth, as well as "significant but manageable" reinsured catastrophe losses from hurricanes, the analyst tells investors in a research note. Keefe mostly raised Q4 catastrophe loads for property and casualty insurers citing "persistent Helene loss creep."
Michael Zaremski
BMO Capital
Hold → Buy
2024-10-30
Price Target
$95 → $105
Upside
+14.34%
Scott Heleniak
RBC Capital
Hold
2024-10-23
Price Target
$96 → $99
Upside
+3.87%
