Assured Guaranty Ltd Stock Forecast
Assured Guaranty Ltd stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The Assured Guaranty Ltd stock price gained 0.506% on the last trading day (Thursday, 2nd May 2024), rising from $77.05 to $77.44. During the last trading day the stock fluctuated 1.28% from a day low at $77.15 to a day high of $78.14. The price has risen in 6 of the last 10 days and is up by 1.55% 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, 38 thousand more shares were traded than the day before. In total, 368 thousand shares were bought and sold for approximately $28.47 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $74.87 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.72% during the next 3 months and, with a 90% probability hold a price between $68.34 and $81.00 at the end of this 3-month period.
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AGO Signals & Forecast
There are mixed signals in the stock today. The Assured Guaranty Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $77.79 and $83.14. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.55%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Assured Guaranty Ltd stock
Assured Guaranty Ltd finds support from accumulated volume at $77.10 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 $0.99 between high and low, or 1.28%. For the last week, the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: $72.88 (-5.89%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (AGO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Assured Guaranty Ltd to open at $77.58, and during the day (based on 14 day Average True Range), to move between $75.81 and $79.07, which gives a possible trading interval of +/-$1.63 (+/-2.10%) up or down from last closing price. If Assured Guaranty Ltd takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $77.10 (0.44%) than the resistance at $87.25 (12.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Assured Guaranty Ltd will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.41. We will update the financials statements for Assured Guaranty Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.48% in the first trading day after earnings release.
Is Assured Guaranty Ltd stock A Buy?
Assured Guaranty Ltd 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.067 Hold/Accumulate Upgraded
Predicted Opening Price for Assured Guaranty Ltd of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $77.58 ( 0.176%) | $77.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 78.57 | 1.45 % | |
| R2 | 78.19 | 0.97 % | ||
| R1 | 77.95 | 0.665 % | ||
| Current price: | 77.44 | |||
| Support | S1 | 77.20 | -0.312 % | |
| S2 | 76.96 | -0.614 % | ||
| S3 | 76.59 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.00 | 22.68 % | |
| R2 | 87.35 | 12.80 % | ||
| R1 | 87.25 | 12.67 % | ||
| Current price | 77.44 | |||
| Support | S1 | 77.10 | -0.439% | |
| S2 | 77.05 | -0.504% | ||
| S3 | 76.26 | -1.52% |
AGO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 05, 2024 | Mar 05, 2024 | Mar 20, 2024 | $0.280 | 0.302% |
| 2 | Nov 14, 2023 | Nov 14, 2023 | Nov 29, 2023 | $0.280 | 0.416% |
| 3 | Aug 02, 2023 | Aug 15, 2023 | Aug 30, 2023 | $0.280 | 0.481% |
| 4 | May 03, 2023 | May 16, 2023 | May 31, 2023 | $0.280 | 0.541% |
| 5 | Feb 22, 2023 | Mar 07, 2023 | Mar 22, 2023 | $0.280 | 0.588% |
FAQ
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