Athene Holding Ltd. Stock Forecast
Athene Holding Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Athene Holding Ltd. stock price fell by -1.64% on the last day (Friday, 28th Jun 2024) from $21.89 to $21.53. During the last trading day the stock fluctuated 2.37% from a day low at $21.53 to a day high of $22.04. The price has been going up and down for this period, and there has been a 2.23% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -41 thousand shares and in total, 16 thousand shares were bought and sold for approximately $338.09 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Athene Holding Ltd. stock with a 90% probability to be traded between $20.55 and $22.28 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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ATH-PB Signals & Forecast
The Athene Holding Ltd. 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 $21.33 and $21.25. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -2.18%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Athene Holding Ltd. stock
Athene Holding Ltd. finds support from accumulated volume at $21.39 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 controlled movements and therefore the general risk is considered 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 $0.510 between high and low, or 2.37%. For the last week the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: $20.43 (-5.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (ATH-PB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Athene Holding Ltd. to open at $21.70, and during the day (based on 14 day Average True Range), to move between $21.15 and $21.91, which gives a possible trading interval of +/-$0.377 (+/-1.75%) up or down from last closing price. If Athene Holding Ltd. takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.39 (0.65%) than the resistance at $21.89 (1.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Athene Holding Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Athene Holding Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.271 Buy Candidate Upgraded
Predicted Opening Price for Athene Holding Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $21.70 ( 0.790%) | $21.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATH-PB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.21 | 3.16% |
| R2 | 22.02 | 2.25% |
| R1 | 21.89 | 1.69% |
| Price | 21.53 | |
| S1 | 21.51 | -0.115% |
| S2 | 21.38 | -0.674% |
| S3 | 21.19 | -1.58% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.01 | 2.23% |
| R2 | 21.98 | 2.09% |
| R1 | 21.89 | 1.67% |
| Price | 21.53 | |
| S1 | 21.39 | -0.650% |
| S2 | 20.95 | -2.69% |
| S3 | 20.82 | -3.30% |
ATH-PB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.352 | 1.63% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.352 | 1.60% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.352 | 1.65% |
| 4 | Sep 14, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.352 | 1.79% |
| 5 | Jun 14, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.352 | 1.82% |
FAQ
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