American Equity Investment Life Holding Stock Forecast
American Equity Investment Life Holding stock downgraded to Hold/Accumulate
(Updated on Apr 24, 2024)
The American Equity Investment Life Holding stock price fell by -0.462% on the last day (Wednesday, 24th Apr 2024) from $56.25 to $55.99. During the last trading day the stock fluctuated 0.741% from a day low at $55.99 to a day high of $56.41. The price has risen in 6 of the last 10 days but is still down by -0.32% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -323 thousand shares and in total, 416 thousand shares were bought and sold for approximately $23.29 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect American Equity Investment Life Holding stock with a 90% probability to be traded between $55.76 and $57.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AEL Signals & Forecast
The American Equity Investment Life Holding stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $55.57 and $55.87. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.462%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, February 22, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, February 22, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Tuesday, April 23, 2024 and based on theory for this formation the price should fall by -1.91% to $54.92 within 10 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for American Equity Investment Life Holding stock
American Equity Investment Life Holding finds support from accumulated volume at $55.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.415 between high and low, or 0.741%. For the last week the stock has had daily average volatility of 0.791%.
Our recommended stop-loss: $53.65 (-4.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (AEL) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect American Equity Investment Life Holding Company to open at $56.13, and during the day (based on 14 day Average True Range), to move between $55.66 and $56.32, which gives a possible trading interval of +/-$0.333 (+/-0.59%) up or down from last closing price. If American Equity Investment Life Holding Company takes out the full calculated possible swing range there will be an estimated 1.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $56.17 (0.32%) than the support at $55.25 (1.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is American Equity Investment Life Holding Company stock A Buy?
American Equity Investment Life Holding holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.667 Hold/Accumulate Downgraded
Predicted Opening Price for American Equity Investment Life Holding Company of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $56.13 ( 0.247%) | $55.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.54 | 0.99 % | |
| R2 | 56.38 | 0.705 % | ||
| R1 | 56.29 | 0.530 % | ||
| Current price: | 55.99 | |||
| Support | S1 | 55.97 | -0.0361 % | |
| S2 | 55.87 | -0.211 % | ||
| S3 | 55.71 | -0.494 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.25 | 0.464 % | |
| R2 | 56.23 | 0.429 % | ||
| R1 | 56.17 | 0.321 % | ||
| Current price | 55.99 | |||
| Support | S1 | 55.25 | -1.32% | |
| S2 | 55.14 | -1.52% | ||
| S3 | 55.10 | -1.59% |
AEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 12, 2024 | Apr 29, 2024 | $0.380 | 0.679% |
| 2 | Nov 17, 2022 | Nov 25, 2022 | Dec 13, 2022 | $0.360 | 0.90% |
| 3 | Nov 22, 2021 | Nov 26, 2021 | Dec 13, 2021 | $0.340 | 0.94% |
| 4 | Nov 16, 2020 | Nov 24, 2020 | Dec 10, 2020 | $0.320 | 1.17% |
| 5 | Nov 22, 2019 | Dec 02, 2019 | Dec 12, 2019 | $0.300 | 0.99% |
FAQ
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