Corebridge Financial, Inc. Stock Forecast
Corebridge Financial, Inc. stock upgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)
The Corebridge Financial, Inc. stock price gained 1.61% on the last trading day (Tuesday, 2nd Jul 2024), rising from $29.12 to $29.59. During the last trading day the stock fluctuated 2.07% from a day low at $29.05 to a day high of $29.65. The price has fallen in 5 of the last 10 days but is still up by 2.74% over the past 2 weeks. Volume fell on the last day by -671 thousand shares and in total, 2 million shares were bought and sold for approximately $64.40 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 lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $28.80 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 8.06% during the next 3 months and, with a 90% probability hold a price between $31.12 and $36.49 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CRBG Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 4.37%. 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 Corebridge Financial, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $29.64. On a fall, the stock will find some support from the short-term average at $29.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Corebridge Financial, Inc. stock
Corebridge Financial, Inc. finds support from accumulated volume at $29.17 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 $0.600 between high and low, or 2.07%. For the last week the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: $28.31 (-4.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (CRBG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Corebridge Financial, Inc. to open at $29.43, and during the day (based on 14 day Average True Range), to move between $28.95 and $30.23, which gives a possible trading interval of +/-$0.642 (+/-2.17%) up or down from last closing price. If Corebridge Financial, Inc. takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $29.17 (1.42%) than the resistance at $30.82 (4.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Corebridge Financial, Inc. stock A Buy?
Corebridge Financial, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.921 Hold/Accumulate Upgraded
Predicted Opening Price for Corebridge Financial, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $29.43 ( 0.541%) | $29.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRBG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.03 | 1.49% |
| R2 | 29.80 | 0.712% |
| R1 | 29.66 | 0.234% |
| Price | 29.59 | |
| S1 | 29.20 | -1.32% |
| S2 | 29.06 | -1.79% |
| S3 | 28.83 | -2.57% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.51 | 9.87% |
| R2 | 31.30 | 5.78% |
| R1 | 30.82 | 4.16% |
| Price | 29.59 | |
| S1 | 29.17 | -1.42% |
| S2 | 29.12 | -1.59% |
| S3 | 28.68 | -3.08% |
CRBG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.230 | 0.790% |
| 2 | Feb 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.230 | 0.80% |
| 3 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.230 | 1.06% |
| 4 | Nov 01, 2023 | Nov 10, 2023 | Nov 22, 2023 | $1.16 | 5.63% |
| 5 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.230 | 1.16% |
FAQ
Click here for our free guide on how to buy Corebridge Financial, Inc. Stock.
