Aegon NV Stock Forecast
Stronger technical forecast for Aegon NV stock price after Wednesday trading.
(Updated on May 01, 2024)
The Aegon NV stock price gained 1.13% on the last trading day (Wednesday, 1st May 2024), rising from $6.17 to $6.24. During the last trading day the stock fluctuated 2.75% from a day low at $6.15 to a day high of $6.32. The price has risen in 7 of the last 10 days and is up by 6.3% over the past 2 weeks. Volume fell on the last day by -227 thousand shares and in total, 2 million shares were bought and sold for approximately $12.10 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 lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.47% during the next 3 months and, with a 90% probability hold a price between $6.36 and $6.90 at the end of this 3-month period.
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AEG Signals & Forecast
Mostly positive signals in the chart today. The Aegon NV 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 $6.19 and $6.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.48%. 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 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 Aegon NV stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.87 and $5.81. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Aegon NV finds support just below today's level at $5.87. If this is broken, then the next support from accumulated volume will be at $5.81 and $5.79.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.169 (2.75%) between high and low. For the last week, the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: $6.02 (-3.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (AEG) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Aegon NV to open at $6.24, and during the day (based on 14 day Average True Range), to move between $6.12 and $6.36, which gives a possible trading interval of +/-$0.123 (+/-1.97%) up or down from last closing price. If Aegon NV takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.25 (0.16%) than the support at $5.87 (5.93%), 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 Aegon NV stock A Buy?
Aegon NV holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.068 Strong Buy Candidate Upgraded
Predicted Opening Price for Aegon NV of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $6.24 ( 0.0481%) | $6.24 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 6.41 | 2.66 % | |
| R2 | 6.34 | 1.63 % | ||
| R1 | 6.30 | 0.99 % | ||
| Current price: | 6.24 | |||
| Support | S1 | 6.17 | -1.08 % | |
| S2 | 6.13 | -1.72 % | ||
| S3 | 6.07 | -2.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.30 | 0.96 % | |
| R2 | 6.26 | 0.321 % | ||
| R1 | 6.25 | 0.160 % | ||
| Current price | 6.24 | |||
| Support | S1 | 5.87 | -5.93% | |
| S2 | 5.81 | -6.89% | ||
| S3 | 5.79 | -7.21% |
AEG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 05, 2024 | Jun 14, 2024 | Jul 08, 2024 | $0.173 | 2.78% |
| 2 | Aug 17, 2023 | Aug 29, 2023 | Sep 27, 2023 | $0.153 | 3.28% |
| 3 | Feb 13, 2023 | May 26, 2023 | Jun 29, 2023 | $0.129 | 2.60% |
| 4 | Aug 12, 2022 | Aug 23, 2022 | Sep 21, 2022 | $0.110 | 2.44% |
| 5 | Feb 09, 2022 | Jun 02, 2022 | Jul 06, 2022 | $0.0960 | 2.39% |
FAQ
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