American Equity Investment Life Holding Stock Forecast
American Equity Investment Life Holding stock price down 0% on Friday
(Updated on May 03, 2024)
No changes to the price of American Equity Investment Life Holding stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0% from a day low at $56.47 to a day high of $56.47. The price has risen in 7 of the last 10 days and is up by 1.93% over the past 2 weeks.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $56.56 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect American Equity Investment Life Holding stock with a 90% probability to be traded between $56.07 and $57.35 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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AEL Signals & Forecast
The American Equity Investment Life Holding 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 $56.32 and $55.98. 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). 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 29, 2024, and so far it has fallen -0.0708%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, February 22, 2024 in the short-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
The stock had a Golden Star Signal on Thursday, February 22, 2024 in the short-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 Equity Investment Life Holding stock
American Equity Investment Life Holding finds support from accumulated volume at $56.16 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.633%
Our recommended stop-loss: $54.46 (-3.56%) (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 (AEL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect American Equity Investment Life Holding Company to open at $56.47, and during the day (based on 14 day Average True Range), to move between $56.13 and $56.81, which gives a possible trading interval of +/-$0.344 (+/-0.61%) up or down from last closing price. If American Equity Investment Life Holding Company takes out the full calculated possible swing range there will be an estimated 1.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $56.51 (0.07%) than the support at $56.16 (0.55%), 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 Equity Investment Life Holding Company stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for American Equity Investment Life Holding stock to perform well in the short-term period.
Current score: 2.971 Buy Candidate Unchanged
Predicted Opening Price for American Equity Investment Life Holding Company of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$56.47 ( 0%) | $56.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 56.47 | . | |
R2 | 56.47 | . | ||
R1 | 56.47 | . | ||
Current price: | 56.47 | |||
Support | S1 | 56.47 | . | |
S2 | 56.47 | . | ||
S3 | 56.47 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 56.51 | 0.0708 % | ||
Current price | 56.47 | |||
Support | S1 | 56.16 | -0.549% | |
S2 | 56.11 | -0.638% | ||
S3 | 55.25 | -2.16% |
AEL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 05, 2024 | Apr 12, 2024 | Apr 29, 2024 | $0.380 | 0.672% |
2 | Nov 17, 2022 | Nov 25, 2022 | Dec 13, 2022 | $0.360 | 0.90% |
3 | Nov 22, 2021 | Nov 26, 2021 | Dec 13, 2021 | $0.340 | 0.94% |
4 | Nov 16, 2020 | Nov 24, 2020 | Dec 10, 2020 | $0.320 | 1.17% |
5 | Nov 22, 2019 | Dec 02, 2019 | Dec 12, 2019 | $0.300 | 0.99% |
FAQ
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