Assicurazioni Generali S.p.A. Stock Forecast

Assicurazioni Generali S.p.A. stock downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)

ASG.F Signals & Forecast

There are mixed signals in the stock today. The Assicurazioni Generali S.p.A. 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 23.39€ and 23.59€. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 3.10%. 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). The stock had a Golden Star Signal on Tuesday, April 30, 2024 in the short-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 Assicurazioni Generali S.p.A. stock

Assicurazioni Generali S.p.A. finds support from accumulated volume at 23.21€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.0400€ between high and low, or 0.172%. For the last week the stock has had daily average volatility of 0.377%

Our recommended stop-loss: 22.01€ (-5.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (ASG.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Assicurazioni Generali S.p.A. to open at 23.28€, and during the day (based on 14 day Average True Range), to move between 23.04€ and 23.54€, which gives a possible trading interval of +/-0.252€ (+/-1.08%) up or down from last closing price. If Assicurazioni Generali S.p.A. takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 23.36€ (0.30%) than the support at 23.21€ (0.34%), 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 Assicurazioni Generali S.p.A. stock A Buy?

Assicurazioni Generali S.p.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.811 Hold/Accumulate Downgraded

Predicted Opening Price for Assicurazioni Generali S.p.A. of Monday, July 1, 2024

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