MS&AD Insurance Group Holdings, Inc. Stock Forecast
MS&AD Insurance Group Holdings, Inc. stock upgraded to Hold/Accumulate.
(Updated on May 16, 2024)
The MS&AD Insurance Group Holdings, Inc. stock price fell by -0.308% on the last day (Thursday, 16th May 2024) from $17.84 to $17.79. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.619% from a day low at $17.78 to a day high of $17.89. The price has fallen in 6 of the last 10 days and is down by -2.28% for this period. 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 -20 thousand shares and in total, 31 thousand shares were bought and sold for approximately $559.11 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -33.31% during the next 3 months and, with a 90% probability hold a price between $8.79 and $14.05 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MSADY Signals & Forecast
There are mixed signals in the stock today. The MS&AD Insurance Group Holdings, Inc. 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 $18.12 and $18.44. 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. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.89%. 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).
Support, Risk & Stop-loss for MS&AD Insurance Group Holdings, Inc. stock
MS&AD Insurance Group Holdings, Inc. finds support from accumulated volume at $17.35 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 $0.110 between high and low, or 0.619%. For the last week the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: $16.73 (-5.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (MSADY) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect MS&AD Insurance Group Holdings, Inc. to open at $17.82, and during the day (based on 14 day Average True Range), to move between $17.19 and $18.38, which gives a possible trading interval of +/-$0.597 (+/-3.35%) up or down from last closing price. If MS&AD Insurance Group Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 6.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.80 (0.08%) than the support at $17.35 (2.45%), 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 MS&AD Insurance Group Holdings, Inc. stock A Buy?
MS&AD Insurance Group Holdings, 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: -0.219 Hold/Accumulate Upgraded
Predicted Opening Price for MS&AD Insurance Group Holdings, Inc. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $17.82 ( 0.187%) | $17.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSADY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.93 | 0.81 % | |
| R2 | 17.89 | 0.570 % | ||
| R1 | 17.86 | 0.424 % | ||
| Current price: | 17.79 | |||
| Support | S1 | 17.78 | -0.0488 % | |
| S2 | 17.75 | -0.195 % | ||
| S3 | 17.71 | -0.431 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.16 | 2.08 % | |
| R2 | 18.10 | 1.77 % | ||
| R1 | 17.80 | 0.0843 % | ||
| Current price | 17.79 | |||
| Support | S1 | 17.35 | -2.45% | |
| S2 | 17.15 | -3.57% | ||
| S3 | 16.80 | -5.57% |
MSADY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 18, 2023 | $0.274 | 2.23% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jul 12, 2023 | $0.241 | 1.97% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 19, 2022 | $0.259 | 2.66% |
| 4 | Mar 29, 2022 | Mar 29, 2022 | Jul 13, 2022 | $0.358 | 3.41% |
| 5 | Sep 28, 2021 | Sep 28, 2021 | Sep 28, 2021 | $0.364 | 3.21% |
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