Aegon NV Stock Forecast

Aegon NV stock price up 3.41% on Monday
(Updated on Apr 22, 2024)

AEG Signals & Forecast

The Aegon NV 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 $5.91 and $5.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.41%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Aegon NV stock

Aegon NV finds support from accumulated volume at $5.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.130 (2.17%) between high and low. For the last week, the stock has had daily average volatility of 1.76%.

Our recommended stop-loss: $5.81 (-4.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (AEG) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Aegon NV to open at $6.05, and during the day (based on 14 day Average True Range), to move between $5.93 and $6.19, which gives a possible trading interval of +/-$0.125 (+/-2.06%) up or down from last closing price. If Aegon NV takes out the full calculated possible swing range there will be an estimated 4.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.08 (0.33%) than the support at $5.87 (3.14%), 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 Aegon NV stock A Buy?

Aegon NV 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.

Current score: -0.702 Hold/Accumulate Unchanged

Predicted Opening Price for Aegon NV of Tuesday, April 23, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.