Aegon NV Stock Forecast
Aegon NV stock downgraded to Sell Candidate
(Updated on Jul 02, 2024)
The Aegon NV stock price fell by -0.639% on the last day (Tuesday, 2nd Jul 2024) from $6.26 to $6.22. During the last trading day the stock fluctuated 1.13% from a day low at $6.18 to a day high of $6.25. The price has fallen in 6 of the last 10 days but is still up by 1.14% over the past 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 -2 million shares and in total, 2 million shares were bought and sold for approximately $9.76 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.14 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 3.79% during the next 3 months and, with a 90% probability hold a price between $6.37 and $7.27 at the end of this 3-month period.
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AEG Signals & Forecast
There are mixed signals in the stock today. The Aegon NV 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 $6.24 and $6.44. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 1.47%. 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).
Support, Risk & Stop-loss for Aegon NV stock
Aegon NV finds support from accumulated volume at $6.19 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0700 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AEG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Aegon NV to open at $6.21, and during the day (based on 14 day Average True Range), to move between $6.11 and $6.33, which gives a possible trading interval of +/-$0.111 (+/-1.78%) up or down from last closing price. If Aegon NV takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.19 (0.48%) than the resistance at $6.26 (0.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aegon NV stock A Buy?
Aegon NV 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.798 Sell Candidate Downgraded
Predicted Opening Price for Aegon NV of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $6.21 ( 0.107%) | $6.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.28 | 1.02% |
| R2 | 6.26 | 0.588% |
| R1 | 6.24 | 0.323% |
| Price | 6.22 | |
| S1 | 6.19 | -0.537% |
| S2 | 6.17 | -0.80% |
| S3 | 6.14 | -1.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.46 | 3.86% |
| R2 | 6.33 | 1.77% |
| R1 | 6.26 | 0.643% |
| Price | 6.22 | |
| S1 | 6.19 | -0.482% |
| S2 | 5.95 | -4.34% |
| S3 | 5.87 | -5.63% |
AEG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 01, 2024 | Jun 17, 2024 | Jul 08, 2024 | $0.172 | 2.77% |
| 2 | Mar 05, 2024 | Jun 14, 2024 | Jul 08, 2024 | $0.173 | 2.79% |
| 3 | Aug 17, 2023 | Aug 29, 2023 | Sep 27, 2023 | $0.153 | 3.28% |
| 4 | Feb 13, 2023 | May 26, 2023 | Jun 29, 2023 | $0.129 | 2.60% |
| 5 | Aug 12, 2022 | Aug 23, 2022 | Sep 21, 2022 | $0.110 | 2.44% |
FAQ
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