KNSL Seasonality idea, 4 casesNYSE:KNSL
green: best case
red: worst case
orange: averages combined
purple: all cases combined average
KNSL
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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