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Safety Insurance's 15min chart shows RSI Overbought, Bearish Marubozu pattern.
ByAinvest
Thursday, Sep 11, 2025 11:32 am ET1min read
According to the 15-minute chart for Safety Insurance, the Relative Strength Index (RSI) has reached an overbought level, and the stock has exhibited a bearish Marubozu pattern on November 9, 2025 at 11:30. This indicates that the stock price has risen too quickly and is not supported by fundamental factors, suggesting that sellers are dominating the market. As a result, it is likely that the bearish momentum will continue.
Definity Financial Corp. is set to sell approximately C$1 billion ($723 million) of debt in two parts as part of its preparations to close the acquisition of Travelers Canada. The debt sale, expected to come to market on Wednesday, includes senior notes in five- and 10-year tranches. The five-year tranche is anticipated to price about 0.95 to 1.05 percentage points above government benchmarks, while the 10-year portion is expected to price in the 1.15 to 1.25 percentage point range [1].The acquisition of Travelers Canada, which includes the personal insurance business and the majority of the commercial insurance business, is valued at $2.4 billion and is expected to close in the first quarter of 2026. RBC Capital Markets and TD Securities are leading the debt sale, with Definity Financial talking to investors this week about the potential issuance [1].
Meanwhile, the stock price of Safety Insurance Group Inc (SAFT) has been volatile, with the Relative Strength Index (RSI) reaching an overbought level on the 15-minute chart as of November 9, 2025, at 11:30. Additionally, the stock exhibited a bearish Marubozu pattern, indicating that the price has risen too quickly without support from fundamental factors. This suggests that sellers are currently dominating the market, potentially signaling continued bearish momentum [2].
Sources:
[1] Bloomberg News. (2025, September 9). Insurance Firm Definity Financial Readies C$1 Billion Debt Sale. Retrieved from https://www.bloomberg.com/news/articles/2025-09-09/insurance-firm-definity-financial-readies-c-1-billion-debt-sale
[2] Investing.com. (2025, September 10). Safety Insurance Group Inc Stock Price Live. Retrieved from https://www.investing.com/equities/safety-insurance
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