Ageas SA (ADR) Stock Forecast
Ageas SA (ADR) stock price ended at $47.29 on Wednesday, after gaining 0.106%.
(Updated on Apr 24, 2024)
The Ageas SA (ADR) stock price gained 0.106% on the last trading day (Wednesday, 24th Apr 2024), rising from $47.24 to $47.29. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.789% from a day low at $46.92 to a day high of $47.29. The price has risen in 7 of the last 10 days and is up by 2.85% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 367 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $110.28 thousand.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $47.41 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.72% during the next 3 months and, with a 90% probability hold a price between $50.39 and $53.91 at the end of this 3-month period.
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AGESY Signals & Forecast
The Ageas SA (ADR) 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 $46.42 and $45.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 15.37%. Further rise is indicated until a new top pivot has been found. Ageas SA (ADR) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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).
Support, Risk & Stop-loss for Ageas SA (ADR) stock
On the downside, the stock finds support just below today's level from accumulated volume at $43.44 and $42.15. 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, Ageas SA (ADR) finds support just below today's level at $43.44. If this is broken, then the next support from accumulated volume will be at $42.15 and $42.01.
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 $0.370 between high and low, or 0.789%. For the last week the stock has had daily average volatility of 0.765%.
Since the Ageas SA (ADR) has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $45.46 (-3.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (AGESY) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Ageas SA (ADR) to open at $47.17, and during the day (based on 14 day Average True Range), to move between $46.70 and $47.88, which gives a possible trading interval of +/-$0.588 (+/-1.24%) up or down from last closing price. If Ageas SA (ADR) takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $43.44, some $3.85 (8.14%) from the current price of $47.29, our system finds the risk reward attractive.
Is Ageas SA (ADR) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ageas SA (ADR) stock to perform well in the short-term.
Current score: 2.296 Buy Candidate Unchanged
Predicted Opening Price for Ageas SA (ADR) of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $47.17 ( 0.261%) | $47.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGESY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.54 | 0.522 % | |
| R2 | 47.40 | 0.223 % | ||
| R1 | 47.31 | 0.0381 % | ||
| Current price: | 47.29 | |||
| Support | S1 | 47.03 | -0.560 % | |
| S2 | 46.94 | -0.744 % | ||
| S3 | 46.80 | -1.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 47.29 | |||
| Support | S1 | 43.44 | -8.14% | |
| S2 | 42.15 | -10.87% | ||
| S3 | 42.01 | -11.17% |
AGESY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 25, 2023 | Oct 25, 2023 | Nov 03, 2023 | $1.12 | 2.80% |
| 2 | May 27, 2023 | May 31, 2023 | Jun 09, 2023 | $1.63 | 4.03% |
| 3 | Oct 18, 2022 | Oct 26, 2022 | Nov 04, 2022 | $1.46 | 3.98% |
| 4 | Jun 01, 2022 | Jun 03, 2022 | Jun 10, 2022 | $2.94 | 6.75% |
| 5 | May 24, 2021 | Jun 02, 2021 | Jun 11, 2021 | $3.23 | 5.50% |
FAQ
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