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 gained 0.439% on the last trading day (Friday, 28th Jun 2024), rising from $25.04 to $25.15. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.13% from a day low at $24.87 to a day high of $25.15. The price has risen in 7 of the last 10 days and is up by 0.32% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 41 thousand shares were bought and sold for approximately $1.04 million.
The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $25.07 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $25.59 sometime during the next 3 months.
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ATH-PC Signals & Forecast
Mostly positive signals in the chart today. 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 $24.91 and $24.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.40%. 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). Athene Holding Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 24, 2024.
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.
Golden Star
The stock had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 24, 2024.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.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 24, 2024.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.
A buy signal from a double bottom formation was found on Friday, June 14, 2024 and based on theory for this formation the price should go up by 0.89% to $25.37 within 12 trading days since signal was issued (Wednesday, July 03, 2024).
Support, Risk & Stop-loss for Athene Holding Ltd. stock
Athene Holding Ltd. finds support from accumulated volume at $25.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.280 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 0.757%.
Our recommended stop-loss: $23.72 (-5.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (ATH-PC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Athene Holding Ltd. to open at $25.06, and during the day (based on 14 day Average True Range), to move between $24.96 and $25.34, which gives a possible trading interval of +/-$0.189 (+/-0.75%) up or down from last closing price. If Athene Holding Ltd. takes out the full calculated possible swing range there will be an estimated 1.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $25.00, some $0.150 (0.60%) from the current price of $25.15, our system finds the risk reward attractive.
Is Athene Holding Ltd. stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. 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: 2.259 Buy Candidate Upgraded
Predicted Opening Price for Athene Holding Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $25.06 ( 0.371%) | $25.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATH-PC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.34 | 0.742% |
| R2 | 25.23 | 0.317% |
| R1 | 25.16 | 0.0542% |
| Price | 25.15 | |
| S1 | 24.95 | -0.796% |
| S2 | 24.88 | -1.06% |
| S3 | 24.78 | -1.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 25.15 | |
| S1 | 25.00 | -0.596% |
| S2 | 24.92 | -0.91% |
| S3 | 24.87 | -1.11% |
ATH-PC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.398 | 1.58% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.398 | 1.59% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.398 | 1.62% |
| 4 | Sep 14, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.398 | 1.66% |
| 5 | Jun 14, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.398 | 1.70% |
FAQ
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