BOWHEAD SPECIALTY HOLDINGS I (BOW) Stock Technical Analysis
NYSE:BOW - New York Stock Exchange, Inc. - US10240L1026 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to BOW. Although BOW is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, BOW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 42.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BOW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
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3 important support areas can be observed.
- A support zone ranging from 37.37 to 37.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.52 to 32.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.70 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 42.15 to 42.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 40.26 | 38.60 | 1.66 (4.13%) | 24.21% |
| An entry @40.26. This is a Buy Stop order right above the 10 day moving average. | An exit @38.60. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.66 points, which is 4.13%. | For a 1.00% total portfolio risk, you can invest 24.21% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BOW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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-0.19 (-0.47%)