ageas SA/NV Stock Forecast

ageas SA/NV stock price up 1.72% on Monday
(Updated on May 06, 2024)

AGS.BB Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.590%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 43.29€ and 42.48€. A breakdown below any of these levels will issue sell signals. 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. 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 0.600€ between high and low, or 1.39%. For the last week the stock has had daily average volatility of 1.27%.

Our recommended stop-loss: 42.19€ (-3.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (AGS.BB) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect ageas SA/NV to open at 43.59€, and during the day (based on 14 day Average True Range), to move between 43.16€ and 44.40€, which gives a possible trading interval of +/-0.616€ (+/-1.41%) up or down from last closing price. If ageas SA/NV takes out the full calculated possible swing range there will be an estimated 2.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 43.82€ (0.09%) than the support at 39.90€ (8.86%), 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 ageas SA/NV 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/NV stock to perform well in the short-term.

Current score: 1.619 Buy Candidate Unchanged

Predicted Opening Price for ageas SA/NV of Tuesday, May 7, 2024

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