D/B/A Chubb Limited New Stock Forecast
Red day on Wednesday for D/B/A Chubb Limited New
(Updated on Apr 17, 2024)
The D/B/A Chubb Limited New stock price fell by -0.685% on the last day (Wednesday, 17th Apr 2024) from $245.21 to $243.53. During the last trading day the stock fluctuated 1.50% from a day low at $241.38 to a day high of $244.99. The price has fallen in 6 of the last 10 days and is down by -4.42% for this period. Volume has increased on the last day by 540 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $425.07 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $241.63 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.58% during the next 3 months and, with a 90% probability hold a price between $252.71 and $276.83 at the end of this 3-month period.
CB Signals & Forecast
There are few to no technical positive signals at the moment. The D/B/A Chubb Limited New 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 $245.65 and $252.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -6.41%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for D/B/A Chubb Limited New stock
D/B/A Chubb Limited New finds support from accumulated volume at $243.17 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 $3.61 (1.50%) between high and low. For the last week, the stock has had daily average volatility of 1.31%.
D/B/A Chubb Limited New is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CB) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect D/B/A Chubb Limited New to open at $243.30, and during the day (based on 14 day Average True Range), to move between $240.27 and $246.79, which gives a possible trading interval of +/-$3.26 (+/-1.34%) up or down from last closing price. If D/B/A Chubb Limited New takes out the full calculated possible swing range there will be an estimated 2.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $243.17 (0.15%) than the resistance at $245.00 (0.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
D/B/A Chubb Limited New will release earnings AMC on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $5.27. We will update the financials statements for D/B/A Chubb Limited New, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.70% in the first trading day after earnings release.
Is D/B/A Chubb Limited New stock A Buy?
The D/B/A Chubb Limited New stock holds several negative signals and despite the positive trend, we believe D/B/A Chubb Limited New will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.293 Sell Candidate Unchanged
Predicted Opening Price for D/B/A Chubb Limited New of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $243.30 ( 0.0944%) | $243.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 246.91 | 1.39 % | |
| R2 | 245.53 | 0.82 % | ||
| R1 | 244.68 | 0.472 % | ||
| Current price: | 243.53 | |||
| Support | S1 | 241.92 | -0.661 % | |
| S2 | 241.07 | -1.01 % | ||
| S3 | 239.69 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 256.31 | 5.25 % | |
| R2 | 251.67 | 3.34 % | ||
| R1 | 245.00 | 0.604 % | ||
| Current price | 243.53 | |||
| Support | S1 | 243.17 | -0.148% | |
| S2 | 239.00 | -1.86% | ||
| S3 | 237.32 | -2.55% |
CB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 14, 2024 | Apr 05, 2024 | $0.86 | 0.340% |
| 2 | Nov 16, 2023 | Dec 14, 2023 | Jan 05, 2024 | $0.86 | 0.378% |
| 3 | Aug 10, 2023 | Sep 14, 2023 | Oct 06, 2023 | $0.86 | 0.410% |
| 4 | May 17, 2023 | Jun 15, 2023 | Jul 07, 2023 | $0.86 | 0.449% |
| 5 | Feb 23, 2023 | Mar 16, 2023 | Apr 10, 2023 | $0.83 | 0.423% |
FAQ
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