KNSL Seasonality idea, 4 casesNYSE:KNSL
green: best case
red: worst case
orange: averages combined
purple: all cases combined average
KNSL trade ideas
KNSL: Ascending Triangle, Confirmed (28,61%)Ascending Triangle for KNSL. Confirmed
Pros:
1- Bullish Ascending triangle broke through resistance with volume
2- Descending volume during formation of the triangle
3- PPS above 50MA and 200MA
4- RS above 0 and ascending
5- R/R ratio above 5
6- 250RSI above 50 and ascending
7- 50MA above 200MA
8- 50 MA and 200MA ascending
9- Golden cross in blue
Cons:
1- ATR is flat, less volatile
Target price is 430,53$.
Again, stay humble, have fun, make money!
MAAX!
Co integration strategies with trading pairsToday i'm going to teach how to find the dynamic equilibrium with closely related stocks and whether or not they have a profitable inverse relationship
KNSL +30%The stock made a strong impulse and then formed an ascending triangle with a strong level. Breakout of this level will make a new high and will be a trigger to open a long position.
Breakout Trade in KNSLKinsale Capital Group (KNSL) is a mid-cap property and casualty insurance provider currently breaking out into new high ground.
The insurance group is ranked in the top 10% on the basis of relative strength. In other words, insurance stocks are outperforming 90% of the market. And Kinsale is the #1 name in the group in terms of earning per share, relative strength, volume accumulation, and its overall composite ranking on MarketSmith.
The chart shows a textbook volatility compression pattern from January to present with shallowing pullbacks and a relative strength line that has been trending higher all year.
Fundamentals are also strong with >50% earnings growth in each of the last four quarters.
Consider buying this leading stock here as it makes new highs.
🟩. KNSL - long setup🧮 Fundamentals:
Strong fundamental with recent report surprising expectations
Earnings: +50%
Sales: +17%
Gross Margin: +43.2%
Institutional support: +523 funds (increasing over the last 5 quarters)
Industry group: Top performing group (#16/200)
📐 Technicals:
VCP pattern (volatility contraction) as per Minervini methodology
Stage 2 uptrend as per Stan Weinstein methodology
Ongoing pocket pivots as per Dr.K and Gil Morales methodology
Tightening around ATH (-3.75% from ATH)
Probing resistance area
💰 Trade:
Pricing a buy around $237 area IF we open on strong volume
Stop level will be $223 (around -5% from open)
Looking to make at least 2:1 Reward to Risk. Moving Stop loss to break-even at $252 level
🟩 KNSL - Moving wellThe idea posted from yesterday is working according to plan.
We observe the following behvaiour
✅ Confirmations
9/15 Days up
9/15 Good Closes
4 Higher Highs
Up on +50% Volume
2 Weekly Higher Highs
❌ Violations
No violations
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