Assurant Inc Stock Forecast
Green day on Wednesday for Assurant Inc stock after gaining 0.143%
(Updated on May 01, 2024)
The Assurant Inc stock price gained 0.143% on the last trading day (Wednesday, 1st May 2024), rising from $174.40 to $174.65. During the last trading day the stock fluctuated 1.44% from a day low at $174.49 to a day high of $177.00. The price has risen in 7 of the last 10 days and is up by 2.69% over the past 2 weeks. Volume fell on the last day by -86 thousand shares and in total, 216 thousand shares were bought and sold for approximately $37.80 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Assurant Inc stock with a 90% probability to be traded between $172.43 and $191.27 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AIZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.69%. 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 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. The Assurant 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 $174.89 and $178.32. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Assurant Inc stock
Assurant Inc finds support from accumulated volume at $171.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.51 (1.44%) between high and low. For the last week, the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: $166.09 (-4.90%) (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 (AIZ) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Assurant Inc to open at $175.38, and during the day (based on 14 day Average True Range), to move between $171.77 and $177.53, which gives a possible trading interval of +/-$2.88 (+/-1.65%) up or down from last closing price. If Assurant Inc takes out the full calculated possible swing range there will be an estimated 3.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $175.35 (0.40%) than the support at $171.22 (1.96%), 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.
Earnings coming up
Assurant Inc will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $3.87. We will update the financials statements for Assurant Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.00% in the first trading day after earnings release.
Is Assurant Inc stock A Buy?
Assurant Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.321 Hold/Accumulate Unchanged
Predicted Opening Price for Assurant Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $175.38 ( 0.417%) | $174.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 177.89 | 1.86 % | |
| R2 | 176.93 | 1.31 % | ||
| R1 | 176.34 | 0.97 % | ||
| Current price: | 174.65 | |||
| Support | S1 | 174.42 | -0.133 % | |
| S2 | 173.82 | -0.473 % | ||
| S3 | 172.86 | -1.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 181.49 | 3.92 % | |
| R2 | 179.34 | 2.69 % | ||
| R1 | 175.35 | 0.401 % | ||
| Current price | 174.65 | |||
| Support | S1 | 171.22 | -1.96% | |
| S2 | 168.89 | -3.30% | ||
| S3 | 168.41 | -3.57% |
AIZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 18, 2024 | Feb 05, 2024 | Mar 25, 2024 | $0.720 | 0.397% |
| 2 | Jan 18, 2024 | Feb 02, 2024 | Mar 25, 2024 | $0.720 | 0.397% |
| 3 | Nov 09, 2023 | Nov 24, 2023 | Dec 18, 2023 | $0.720 | 0.435% |
| 4 | Aug 10, 2023 | Aug 25, 2023 | Sep 18, 2023 | $0.700 | 0.499% |
| 5 | May 11, 2023 | May 26, 2023 | Jun 20, 2023 | $0.700 | 0.541% |
FAQ
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