American Financial Group Inc Stock Forecast
Green day on Tuesday for American Financial Group Inc
(Updated on Jul 02, 2024)
The American Financial Group Inc stock price gained 0.0569% on the last trading day (Tuesday, 2nd Jul 2024), rising from $122.93 to $123.00. During the last trading day the stock fluctuated 1.28% from a day low at $122.12 to a day high of $123.68. The price has been going up and down for this period, and there has been a -1.6% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 84 thousand more shares were traded than the day before. In total, 277 thousand shares were bought and sold for approximately $34.11 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.79% during the next 3 months and, with a 90% probability hold a price between $115.68 and $126.08 at the end of this 3-month period.
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AFG Signals & Forecast
There are mixed signals in the stock today. The American Financial Group Inc 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 $124.29 and $127.64. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.0569%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for American Financial Group Inc stock
American Financial Group Inc finds support from accumulated volume at $122.93 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 $1.56 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AFG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect American Financial Group Inc to open at $122.93, and during the day (based on 14 day Average True Range), to move between $120.90 and $125.10, which gives a possible trading interval of +/-$2.10 (+/-1.71%) up or down from last closing price. If American Financial Group Inc takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $123.02 (0.02%) than the support at $122.93 (0.06%), 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 stock A Buy?
American Financial Group Inc 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.
Current score: -1.391 Sell Candidate Unchanged
Predicted Opening Price for American Financial Group Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $122.93 ( 0.0542%) | $123.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 124.49 | 1.21% |
| R2 | 123.90 | 0.730% |
| R1 | 123.53 | 0.430% |
| Price | 123.00 | |
| S1 | 122.34 | -0.539% |
| S2 | 121.97 | -0.84% |
| S3 | 121.37 | -1.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 127.75 | 3.86% |
| R2 | 127.68 | 3.80% |
| R1 | 123.02 | 0.0163% |
| Price | 123.00 | |
| S1 | 122.93 | -0.0569% |
| S2 | 0 | - |
| S3 | 0 | - |
AFG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | Apr 25, 2024 | $0.710 | 0.552% |
| 2 | Feb 06, 2024 | Feb 15, 2024 | Feb 28, 2024 | $2.50 | 1.97% |
| 3 | Jan 02, 2024 | Jan 11, 2024 | Jan 25, 2024 | $0.710 | 0.590% |
| 4 | Nov 01, 2023 | Nov 10, 2023 | Nov 22, 2023 | $1.50 | 1.34% |
| 5 | Nov 01, 2023 | Nov 09, 2023 | Nov 22, 2023 | $1.50 | 1.34% |
FAQ
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