American Financial Group Inc. 5.875 % Stock Forecast
Red day on Thursday for American Financial Group Inc. 5.875 %
(Updated on Mar 28, 2024)
The American Financial Group Inc. 5.875 % stock price fell by -0.81% on the last day (Thursday, 28th Mar 2024) from $24.81 to $24.61. During the last trading day the stock fluctuated 1.66% from a day low at $24.58 to a day high of $24.99. The price has been going up and down for this period, and there has been a 0.91% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 9 thousand shares were bought and sold for approximately $217.77 thousand.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.56 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.11% during the next 3 months and, with a 90% probability hold a price between $25.32 and $26.48 at the end of this 3-month period.
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AFGB Signals & Forecast
The American Financial Group Inc. 5.875 % stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $24.75. On a fall, the stock will find some support from the long-term average at approximately $24.54. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 Friday, March 22, 2024, and so far it has fallen -1.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Tuesday, November 28, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, November 28, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for American Financial Group Inc. 5.875 % stock
American Financial Group Inc. 5.875 % finds support from accumulated volume at $24.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.407 between high and low, or 1.66%. For the last week the stock has had daily average volatility of 1.32%
Our recommended stop-loss: $23.49 (-4.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (AFGB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect American Financial Group Inc. 5.875 % Debentures 2019-30.03.59 Global to open at $24.73, and during the day (based on 14 day Average True Range), to move between $24.30 and $24.92, which gives a possible trading interval of +/-$0.311 (+/-1.26%) up or down from last closing price. If American Financial Group Inc. 5.875 % Debentures 2019-30.03.59 Global takes out the full calculated possible swing range there will be an estimated 2.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.64 (0.12%) than the support at $24.58 (0.12%), 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 American Financial Group Inc. 5.875 % Debentures 2019-30.03.59 Global 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 American Financial Group Inc. 5.875 % stock to perform well in the short-term.
Current score: 1.474 Buy Candidate Unchanged
Predicted Opening Price for American Financial Group Inc. 5.875 % Debentures 2019-30.03.59 Global of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$24.73 ( 0.470%) | $24.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFGB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.13 | 2.12 % | |
R2 | 24.98 | 1.49 % | ||
R1 | 24.88 | 1.10 % | ||
Current price: | 24.61 | |||
Support | S1 | 24.57 | -0.162 % | |
S2 | 24.47 | -0.552 % | ||
S3 | 24.32 | -1.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24.90 | 1.18 % | |
R2 | 24.81 | 0.81 % | ||
R1 | 24.64 | 0.122 % | ||
Current price | 24.61 | |||
Support | S1 | 24.58 | -0.122% | |
S2 | 24.40 | -0.85% | ||
S3 | 23.97 | -2.60% |
AFGB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.367 | 1.49% |
2 | Dec 14, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.367 | 1.55% |
3 | Sep 14, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.367 | 1.60% |
4 | Aug 07, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.367 | 1.48% |
5 | Jun 13, 2023 | Mar 14, 2023 | Mar 30, 2023 | $0.367 | 1.69% |
FAQ
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