Reinsurance Group of America Stock Forecast
Evaluation of Reinsurance Group of America stock downgraded after the last trading session.
(Updated on May 02, 2024)
The Reinsurance Group of America stock price gained 0.136% on the last trading day (Thursday, 2nd May 2024), rising from $190.92 to $191.18. During the last trading day the stock fluctuated 1.75% from a day low at $189.39 to a day high of $192.71. The price has risen in 8 of the last 10 days and is up by 4.77% 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, 204 thousand more shares were traded than the day before. In total, 639 thousand shares were bought and sold for approximately $122.21 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.90% during the next 3 months and, with a 90% probability hold a price between $210.26 and $230.32 at the end of this 3-month period.
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RGA Signals & Forecast
The Reinsurance Group of America 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 $189.93 and $188.54. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, April 08, 2024, and so far it has fallen -1.92%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Reinsurance Group of America stock
Reinsurance Group of America finds support from accumulated volume at $188.78 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 $3.32 (1.75%) between high and low. For the last week, the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: $183.92 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (RGA) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Reinsurance Group of America Incorporated to open at $191.09, and during the day (based on 14 day Average True Range), to move between $187.93 and $194.43, which gives a possible trading interval of +/-$3.25 (+/-1.70%) up or down from last closing price. If Reinsurance Group of America Incorporated takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $192.88 (0.89%) than the support at $188.78 (1.26%), 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 Reinsurance Group of America Incorporated stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Reinsurance Group of America stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.526 Buy Candidate Downgraded
Predicted Opening Price for Reinsurance Group of America Incorporated of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $191.09 ( 0.0453%) | $191.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RGA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 194.41 | 1.69 % | |
| R2 | 193.14 | 1.03 % | ||
| R1 | 192.36 | 0.618 % | ||
| Current price: | 191.18 | |||
| Support | S1 | 189.83 | -0.709 % | |
| S2 | 189.04 | -1.12 % | ||
| S3 | 187.77 | -1.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 194.86 | 1.92 % | |
| R2 | 193.05 | 0.98 % | ||
| R1 | 192.88 | 0.89 % | ||
| Current price | 191.18 | |||
| Support | S1 | 188.78 | -1.26% | |
| S2 | 186.04 | -2.69% | ||
| S3 | 185.28 | -3.09% |
RGA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 12, 2024 | Feb 27, 2024 | $0.85 | 0.485% |
| 2 | Oct 31, 2023 | Nov 13, 2023 | Nov 28, 2023 | $0.85 | 0.528% |
| 3 | Aug 01, 2023 | Aug 14, 2023 | Aug 29, 2023 | $0.85 | 0.609% |
| 4 | May 02, 2023 | May 15, 2023 | May 30, 2023 | $0.80 | 0.560% |
| 5 | Feb 02, 2023 | Feb 13, 2023 | Feb 28, 2023 | $0.80 | 0.554% |
FAQ
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