Genworth Financial Inc Stock Forecast
Genworth Financial Inc stock price up 0.167% on Thursday
(Updated on Apr 25, 2024)
The Genworth Financial Inc stock price gained 0.167% on the last trading day (Thursday, 25th Apr 2024), rising from $6.00 to $6.01. During the last trading day the stock fluctuated 2.20% from a day low at $5.90 to a day high of $6.03. The price has been going up and down for this period, and there has been a 1.01% gain for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately $13.37 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Genworth Financial Inc stock with a 90% probability to be traded between $5.68 and $6.33 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GNW Signals & Forecast
There are mixed signals in the stock today. The Genworth Financial Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $6.19. On a fall, the stock will find some support from the short-term average at $5.97. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.80%. 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.
Support, Risk & Stop-loss for Genworth Financial Inc stock
Genworth Financial Inc finds support from accumulated volume at $5.94 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 $0.130 between high and low, or 2.20%. For the last week, the stock has had daily average volatility of 2.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GNW) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Genworth Financial Inc to open at $5.98, and during the day (based on 14 day Average True Range), to move between $5.86 and $6.16, which gives a possible trading interval of +/-$0.152 (+/-2.54%) up or down from last closing price. If Genworth Financial Inc takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.02 (0.17%) than the support at $5.94 (1.16%), 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 Genworth Financial Inc stock A Buy?
Genworth Financial Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.147 Sell Candidate Unchanged
Predicted Opening Price for Genworth Financial Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $5.98 ( 0.499%) | $6.01 |
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 | 6.11 | 1.66 % | |
| R2 | 6.06 | 0.84 % | ||
| R1 | 6.03 | 0.327 % | ||
| Current price: | 6.01 | |||
| Support | S1 | 5.93 | -1.33 % | |
| S2 | 5.90 | -1.84 % | ||
| S3 | 5.85 | -2.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.34 | 5.49 % | |
| R2 | 6.21 | 3.33 % | ||
| R1 | 6.02 | 0.166 % | ||
| Current price | 6.01 | |||
| Support | S1 | 5.94 | -1.16% | |
| S2 | 5.91 | -1.66% | ||
| S3 | 5.81 | -3.33% |
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
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