What’s Better: FedNat Holding Company ($FNHC) or National General Holdings Corp ($NGHCZ)

2019-08-20 | Welcome! Today we compared how two different stocks in the Property-Casualty Insurers industry are trading: FedNat Holding Company and National General Holdings Corp. 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, FedNat Holding Company opened at 13.13, got to a maximum price of 13.57 and dropped to as low as 13.11 before finishing the session at 13.46. In total there were 43700 shares traded, which is enough to conduct our analysis. Compare that now to National General Holdings Corp, which opened at 26.142, had a high of 26.19, a low of 26.106, closed at 26.19 and had a total volume of 1800.

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 FedNat Holding Company National General Holdings Corp
Accumulation-distribution index 235.18442 93.96243
on-balance volume -13.14 -26.05
chaikin money flow

1.09091 2.5
force index

0.0195 0.02204
ease of movement rating

-0.0007 0.00132
volume-price trend

-1.07269 0.48285
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 FedNat Holding Company National General Holdings Corp
Average true range 0.33848 0.12132
Bolinger bands 13.48483 26.32084
Upper bollinger band 12.32517 25.65616
Lower bollinger band

13.11 26.106
Bollinger high band indicator

1.0 nan
Bollinger high low indicator

nan 1.0
Central keltner channel

13.27 26.146
High band keltner channel

12.83 26.098
Low band keltner channel

13.71 26.194
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

13.11 26.106
Donchain channel low band

13.11 26.106
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

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 FedNat Holding Company National General Holdings Corp
Moving Average Convergence Divergence (MACD) trend_macd -0.00527
MACD signal -0.00511 -0.00293
MACD difference -0.00409 -0.00234
fast Exponential Moving Average (EMA) indicator

13.11 26.106
slow Exponential Moving Average (EMA) indicator

13.11 26.106
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.85675 0.00856
trix

-3.53341 1.21445
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

1.16138 -0.47677
KST Oscillator (KST)

-81.37825 18.60263
KST Oscillator (KST Signal)

-81.37825 18.60263
KST difference

-7.18221 -2.2923
Ichimoku rating

13.35 26.166
Ichimoku B rating

13.35 26.166
Ichimoku visual trend A

14.38974 25.85992
Ichimoku visual trend B

13.85803 25.98065
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

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

Momentum Indicator FedNat Holding Company National General Holdings Corp
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 33.65323 100.0
True Strength Index (TSI) -100.0 100.0
ultimate oscillator

-65.58499 92.97932
stochastic oscillator

104.54545 175.0
stochastic oscillator signal

104.54545 175.0
Williams %R rating

4.54545 75.0
awesome oscillator

0.04413 -0.03618

RETURNS: That’s all for technical analysis. Now let’s just list the returns for FedNat Holding Company and National General Holdings Corp.

Daily return -8.13783 1.86026
Daily log return -3.17733 -0.90425
Cumulative return -3.12738 -0.90018

So there you have it: our deep, grueling analysis comparing FedNat Holding Company and National General Holdings Corp 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 FedNat Holding Company:

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 FNHC is strong or weak. Again – this is not a reliable indication of whether FedNat Holding Company 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 National General Holdings Corp

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.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com
Gary Ivenchuck

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