Reinsurance Group of America ETF Forecast
Stronger technical forecast for Reinsurance Group of America ETF price after Wednesday trading.
(Updated on Mar 27, 2024)
The Reinsurance Group of America ETF price gained 0.440% on the last trading day (Wednesday, 27th Mar 2024), rising from $25.02 to $25.13. During the last trading day the ETF fluctuated 0.600% from a day low at $24.98 to a day high of $25.13. The price has risen in 7 of the last 10 days and is up by 1.25% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately $531.60 thousand.
The ETF lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $25.18 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -2.76% during the next 3 months and, with a 90% probability hold a price between $23.77 and $24.49 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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RZB Signals & Forecast
Mostly positive signals in the chart today. The Reinsurance Group of America ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF 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 $25.00 and $25.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 2.03%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Reinsurance Group of America has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Reinsurance Group of America ETF
Reinsurance Group of America finds support from accumulated volume at $25.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.150 between high and low, or 0.600%. For the last week the ETF has had daily average volatility of 0.645%.
Our recommended stop-loss: $23.78 (-5.36%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (RZB) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Reinsurance Group of America Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 to open at $25.08, and during the day (based on 14 day Average True Range), to move between $24.96 and $25.30, which gives a possible trading interval of +/-$0.167 (+/-0.66%) up or down from last closing price. If Reinsurance Group of America Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 takes out the full calculated possible swing range there will be an estimated 1.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.06 (0.28%) than the resistance at $25.33 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Reinsurance Group of America Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 3.089 Buy Candidate Upgraded
Predicted Opening Price for Reinsurance Group of America Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$25.08 ( 0.199%) | $25.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RZB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.23 | 0.398 % | |
R2 | 25.17 | 0.170 % | ||
R1 | 25.14 | 0.0290 % | ||
Current price: | 25.13 | |||
Support | S1 | 25.02 | -0.427 % | |
S2 | 24.99 | -0.568 % | ||
S3 | 24.93 | -0.796 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.53 | 1.59 % | |
R2 | 25.44 | 1.23 % | ||
R1 | 25.33 | 0.796 % | ||
Current price | 25.13 | |||
Support | S1 | 25.06 | -0.279% | |
S2 | 24.64 | -1.95% | ||
S3 | 24.63 | -1.99% |
RZB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.359 | 1.46% |
2 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | $0.359 | 1.43% |
3 | Aug 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.359 | 1.42% |
4 | May 31, 2023 | May 31, 2023 | Jun 15, 2023 | $0.359 | 1.44% |
5 | May 27, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.359 | 1.45% |
FAQ
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