American Equity Investment Life Holding Stock Forecast

American Equity Investment Life Holding stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)

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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $55.88 and $55.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 2.20%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $55.25 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 $0.185 between high and low, or 0.329%. For the last week the stock has had daily average volatility of 0.88%.

Our recommended stop-loss: $53.47 (-5.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (AEL) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect American Equity Investment Life Holding Company to open at $56.30, and during the day (based on 14 day Average True Range), to move between $55.96 and $56.66, which gives a possible trading interval of +/-$0.346 (+/-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 1.23% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $55.25, some $1.06 (1.88%) from the current price of $56.31, our system finds the risk reward attractive.

Is American Equity Investment Life Holding Company stock A Buy?

American Equity Investment Life Holding holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.663 Hold/Accumulate Upgraded

Predicted Opening Price for American Equity Investment Life Holding Company of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.