ageas SA/NV Stock Forecast

ageas SA/NV stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on May 07, 2024)

AGS.BB Signals & Forecast

The ageas SA/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 43.41€ and 42.63€. 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 17.25%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, March 11, 2024 in the long-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 ageas SA/NV stock

On the downside, the stock finds support just below today's level from accumulated volume at 39.90€ and 39.20€. 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/NV finds support just below today's level at 39.90€. If this is broken, then the next support from accumulated volume will be at 39.20€ and 38.26€.

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 0.460€ between high and low, or 1.05%. For the last week the stock has had daily average volatility of 1.15%.

Our recommended stop-loss: 42.69€ (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 43 days ago.)

Trading Expectations (AGS.BB) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect ageas SA/NV to open at 44.17€, and during the day (based on 14 day Average True Range), to move between 43.71€ and 44.93€, which gives a possible trading interval of +/-0.611€ (+/-1.38%) up or down from last closing price. If ageas SA/NV takes out the full calculated possible swing range there will be an estimated 2.76% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 39.90€, some 4.42€ (9.97%) from the current price of 44.32€, our system finds the risk reward attractive.

Is ageas SA/NV stock A Buy?

ageas SA/NV holds several positive signals and is within a strong 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: 6.686 Strong Buy Candidate Upgraded

Predicted Opening Price for ageas SA/NV of Wednesday, May 8, 2024

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