What’s Next for The National Security Group, Inc. (NSEC) After Forming Wedge Down Chart Pattern?

Investors sentiment increased to 0.67 in Q4 2018. Its up 0.27, from 0.4 in 2018Q3. It is positive, as 2 investors sold The National Security Group, Inc. shares while 1 reduced holdings. 0 funds opened positions while 2 raised stakes. 91,801 shares or 13.61% more from 80,806 shares in 2018Q3 were reported.
Royal Bank Of Canada owns 2,500 shares. Dimensional Fund Advsrs Lp has 53,671 shares for 0% of their portfolio. Fmr Limited Liability Corp owns 3,839 shares. New York-based Blackrock has invested 0% in The National Security Group, Inc. (NASDAQ:NSEC). Tower Cap Limited Liability Corporation (Trc) has invested 0% of its portfolio in The National Security Group, Inc. (NASDAQ:NSEC). Earnest Partners Llc reported 900 shares. Regions Financial Corporation stated it has 3,131 shares.

Since November 14, 2018, it had 4 insider buys, and 1 sale for $14,691 activity. The insider CLARK FRED JR bought 1,360 shares worth $18,360. Abernathey Andrew J. had sold 1,581 shares worth $19,859.

The stock of The National Security Group, Inc. (NSEC) formed a down wedge with $11.06 target or 3.00 % below today’s $11.40 share price. The 8 months wedge indicates high risk for the $28.81M company. If the $11.06 price target is reached, the company will be worth $864,270 less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 3.64% or $0.4 during the last trading session, reaching $11.4. About 1,370 shares traded or 42.71% up from the average. The National Security Group, Inc. (NASDAQ:NSEC) has declined 14.29% since May 8, 2018 and is downtrending. It has underperformed by 18.66% the S&P500.

More notable recent The National Security Group, Inc. (NASDAQ:NSEC) news were published by: Finance.Yahoo.com which released: “Wheaton Precious Metals (WPM) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release – Yahoo Finance” on March 13, 2019, also Finance.Yahoo.com with their article: “Ribbon Communications (RBBN) Surpasses Q4 Earnings and Revenue Estimates – Yahoo Finance” published on February 20, 2019, Finance.Yahoo.com published: “Exclusive: Food retailer Smart & Final explores sale – sources – Yahoo Finance” on February 04, 2019. More interesting news about The National Security Group, Inc. (NASDAQ:NSEC) were released by: Finance.Yahoo.com and their article: “3 Big Reasons IBM Stock Will Rise Again in the Very near Future – Yahoo Finance” published on August 23, 2018 as well as Finance.Yahoo.com‘s news article titled: “Shoe Carnival (SCVL) Stock Sinks As Market Gains: What You Should Know – Yahoo Finance” with publication date: February 20, 2019.

The National Security Group, Inc., an insurance holding company, provides insurance services and products in the United States. The company has market cap of $28.81 million. The firm operates through two divisions, Property and Casualty Insurance, and Life Insurance. It has a 37.01 P/E ratio. The Company’s Property and Casualty Insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, mobile homeowners, and other liability insurance services in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee, and West Virginia, as well as operates on a surplus lines basis in the state of Louisiana.

The National Security Group, Inc. (NASDAQ:NSEC) Institutional Positions Chart

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