Genworth Financial Inc Stock Forecast
Genworth Financial Inc stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The Genworth Financial Inc stock price gained 1.37% on the last trading day (Friday, 17th May 2024), rising from $6.59 to $6.68. During the last trading day the stock fluctuated 2.44% from a day low at $6.57 to a day high of $6.73. The price has been going up and down for this period, and there has been a 2.93% gain for the last 2 weeks. Volume fell on the last day by -226 thousand shares and in total, 2 million shares were bought and sold for approximately $11.75 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $6.63, a level that may pose a second chance to hit a runner. According to fan-theory $7.40 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GNW Signals & Forecast
Mostly positive signals in the chart today. The Genworth Financial Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $6.59 and $6.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 15.37%. 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). 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.
Support, Risk & Stop-loss for Genworth Financial Inc stock
Genworth Financial Inc finds support from accumulated volume at $6.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.160 between high and low, or 2.44%. For the last week, the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: $6.39 (-4.41%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (GNW) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Genworth Financial Inc to open at $6.66, and during the day (based on 14 day Average True Range), to move between $6.53 and $6.83, which gives a possible trading interval of +/-$0.150 (+/-2.25%) up or down from last closing price. If Genworth Financial Inc takes out the full calculated possible swing range there will be an estimated 4.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $6.62, some $0.0600 (0.90%) from the current price of $6.68, our system finds the risk reward attractive.
Is Genworth Financial Inc stock A Buy?
Genworth Financial Inc holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.143 Strong Buy Candidate Upgraded
Predicted Opening Price for Genworth Financial Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $6.66 ( 0.299%) | $6.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GNW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.82 | 2.10 % | |
| R2 | 6.76 | 1.18 % | ||
| R1 | 6.72 | 0.616 % | ||
| Current price: | 6.68 | |||
| Support | S1 | 6.60 | -1.21 % | |
| S2 | 6.56 | -1.78 % | ||
| S3 | 6.50 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 6.68 | |||
| Support | S1 | 6.62 | -0.90% | |
| S2 | 6.34 | -5.09% | ||
| S3 | 6.21 | -7.04% |
GNW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 08, 2008 | Oct 08, 2008 | Oct 27, 2008 | $0.100 | 2.34% |
| 2 | May 13, 2008 | Jul 09, 2008 | Jul 28, 2008 | $0.100 | 0.641% |
| 3 | Mar 19, 2008 | Apr 09, 2008 | Apr 28, 2008 | $0.100 | 0.432% |
| 4 | Nov 30, 2007 | Jan 09, 2008 | Jan 28, 2008 | $0.100 | 0.437% |
| 5 | Sep 21, 2007 | Oct 10, 2007 | Oct 29, 2007 | $0.100 | 0.358% |
FAQ
Click here for our free guide on how to buy Genworth Financial Inc Stock.
