DONEGAL GROUP INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	DGICA
ISIN:

DONEGAL GROUP INC. - Daily - Technical analysis published on 09/09/2019 (GMT)

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Timeframe : Daily
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Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

50%

22%

28%

My opinion

Bullish above 14.46 USD

My targets

14.94 USD (+1.08%)

15.27 USD (+3.32%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DONEGAL GROUP INC. as long as the price remains well above 14.46 USD. The buyers” bullish objective is set at 14.94 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15.27 USD. If there is any crossing, the next objective would be the resistance located at 15.92 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DONEGAL GROUP INC. rating 14.78 USD. The price has increased by +1.79% since the last closing with the lowest point at 14.78 USD and the highest point at 14.78 USD. The deviation from the price is 0% for the low point and 0% for the high point.

14.78

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this DONEGAL GROUP INC. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 9 are bullish, 5 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.34	13.91	14.46	14.78	14.94	15.27	15.92
Change (%)	-9.74%	-5.89%	-2.17%	-	+1.08%	+3.32%	+7.71%
Change	-1.44	-0.87	-0.32	-	+0.16	+0.49	+1.14
Level	Intermediate	Major	Major	-	Major	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.35	14.44	14.55	14.64	14.75	14.84	14.95
Camarilla	14.60	14.61	14.63	14.65	14.67	14.69	14.71
Woodie	14.35	14.45	14.55	14.65	14.75	14.85	14.95
Fibonacci	14.44	14.52	14.57	14.64	14.72	14.77	14.84

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.62	13.81	14.12	14.31	14.62	14.81	15.12
Camarilla	14.29	14.34	14.38	14.43	14.48	14.52	14.57
Woodie	13.68	13.84	14.18	14.34	14.68	14.84	15.18
Fibonacci	13.81	14.00	14.12	14.31	14.50	14.62	14.81

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.59	13.19	13.81	14.41	15.03	15.63	16.25
Camarilla	14.10	14.21	14.32	14.43	14.54	14.65	14.77
Woodie	12.60	13.20	13.82	14.42	15.04	15.64	16.26
Fibonacci	13.19	13.66	13.94	14.41	14.88	15.16	15.63

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.59
MACD (12,26,9):	0.0000
Directional Movement:	2.13
AROON (14):	-35.71
DEMA (21):	14.50
Parabolic SAR (0,02-0,02-0,2):	13.91
Elder Ray (13):	0.17
Super Trend (3,10):	15.10
Zig ZAG (10):	14.52
VORTEX (21):	1.0600
Stochastique (14,3,5):	61.68
TEMA (21):	14.49
Williams %R (14):	-44.04
Chande Momentum Oscillator (20):	-0.30
Repulse (5,40,3):	-0.9700
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	3.89

MA7:	14.48
MA20:	14.57
MA50:	14.53
MA100:	14.28
MAexp7:	14.51
MAexp20:	14.50
MAexp50:	14.46
MAexp100:	14.25
Price / MA7:	+2.07%
Price / MA20:	+1.44%
Price / MA50:	+1.72%
Price / MA100:	+3.50%
Price / MAexp7:	+1.86%
Price / MAexp20:	+1.93%
Price / MAexp50:	+2.21%
Price / MAexp100:	+3.72%

News

The latest news and videos published on DONEGAL GROUP INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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