Safety Insurance Group, Inc. ($SAFT) Heads Up Against Atlas Financial Holdings, Inc. ($AFHBL)

2019-08-16 | Welcome! Today we compared how two different stocks in the Property-Casualty Insurers industry are trading: Safety Insurance Group, Inc. and Atlas Financial Holdings, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Safety Insurance Group, Inc. opened at 94.36, got to a maximum price of 95.31 and dropped to as low as 93.77 before finishing the session at 94.85. In total there were 42600 shares traded, which is enough to conduct our analysis. Compare that now to Atlas Financial Holdings, Inc., which opened at 8.53, had a high of 8.53, a low of 8.5106, closed at 8.5106 and had a total volume of 2039.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Safety Insurance Group, Inc. Atlas Financial Holdings, Inc.
Accumulation-distribution index 665.05974 nan
on-balance volume -94.29 nan
chaikin money flow

2.24211 nan
force index

-0.1606 nan
ease of movement rating

0.00086 nan
volume-price trend

0.79204 nan
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Safety Insurance Group, Inc. Atlas Financial Holdings, Inc.
Average true range 0.94364 nan
Bolinger bands 94.15397 nan
Upper bollinger band 92.96603 nan
Lower bollinger band

93.77 8.5106
Bollinger high band indicator

nan nan
Bollinger high low indicator

1.0 nan
Central keltner channel

94.48 8.52353
High band keltner channel

93.53 8.52353
Low band keltner channel

95.43 8.52353
High band keltner channel indicator

1.0 nan
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

93.77 8.5106
Donchain channel low band

93.77 8.5106
Donchain channel high band indicator

1.0 nan
Donchain channel low band indicator

1.0 nan

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Safety Insurance Group, Inc. Atlas Financial Holdings, Inc.
Moving Average Convergence Divergence (MACD) trend_macd nan
MACD signal -0.00524 nan
MACD difference -0.00419 nan
fast Exponential Moving Average (EMA) indicator

93.77 8.5106
slow Exponential Moving Average (EMA) indicator

93.77 8.5106
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 unknown
ADX negative

20.0 unknown
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.31645 nan

-0.09452 nan
Mass Index (MI)

1.0 nan
Commodity Channel Index (CCI)

-66.66667 nan
Detrended Price Oscillator (DPO)

-0.83471 nan
KST Oscillator (KST)

8.98161 nan
KST Oscillator (KST Signal)

8.98161 nan
KST difference

-1.12982 nan
Ichimoku rating

94.835 8.53
Ichimoku B rating

94.835 8.53
Ichimoku visual trend A

94.9022 8.53
Ichimoku visual trend B

95.87261 8.53
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 nan

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Safety Insurance Group, Inc. Atlas Financial Holdings, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 50.0
True Strength Index (TSI) 100.0 nan
ultimate oscillator

58.58803 nan
stochastic oscillator

162.10526 50.0
stochastic oscillator signal

162.10526 50.0
Williams %R rating

62.10526 -50.0
awesome oscillator

0.0651 nan

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Safety Insurance Group, Inc. and Atlas Financial Holdings, Inc..

Daily return 0.89816 nan
Daily log return -0.44891 nan
Cumulative return -0.4479 nan

So there you have it: our deep, grueling analysis comparing Safety Insurance Group, Inc. and Atlas Financial Holdings, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Safety Insurance Group, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether SAFT is strong or weak. Again – this is not a reliable indication of whether Safety Insurance Group, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Atlas Financial Holdings, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

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