Münchener Stock Forecast
Münchener stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)
The Münchener stock price fell by -0.0205% on the last day (Thursday, 28th Mar 2024) from $48.88 to $48.87. During the last trading day the stock fluctuated 0.307% from a day low at $48.79 to a day high of $48.94. The price has been going up and down for this period, and there has been a 1.64% gain for the last 2 weeks. Volume has increased on the last day by 23 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, 45 thousand shares were bought and sold for approximately $2.19 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.87% during the next 3 months and, with a 90% probability hold a price between $56.73 and $60.09 at the end of this 3-month period.
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MURGY Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -0.610%. 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. The Münchener 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 $48.27 and $46.59. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Münchener stock
On the downside, the stock finds support just below today's level from accumulated volume at $42.02 and $41.98. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Münchener finds support just below today's level at $42.02. If this is broken, then the next support from accumulated volume will be at $41.98 and $41.19.
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 $0.150 between high and low, or 0.307%. For the last week the stock has had daily average volatility of 0.556%.
Our recommended stop-loss: $47.40 (-3.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (MURGY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft to open at $48.87, and during the day (based on 14 day Average True Range), to move between $48.26 and $49.48, which gives a possible trading interval of +/-$0.611 (+/-1.25%) up or down from last closing price. If Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 2.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $48.88 (0.02%) than the support at $42.02 (14.02%), 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 Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft stock A Buy?
Münchener 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.652 Hold/Accumulate Downgraded
Predicted Opening Price for Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$48.87 ( 0.0068%) | $48.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MURGY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 49.02 | 0.300 % | |
R2 | 48.96 | 0.183 % | ||
R1 | 48.92 | 0.110 % | ||
Current price: | 48.87 | |||
Support | S1 | 48.81 | -0.124 % | |
S2 | 48.77 | -0.197 % | ||
S3 | 48.72 | -0.314 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 49.17 | 0.614 % | |
R2 | 49.16 | 0.593 % | ||
R1 | 48.88 | 0.0205 % | ||
Current price | 48.87 | |||
Support | S1 | 42.02 | -14.02% | |
S2 | 41.98 | -14.10% | ||
S3 | 41.19 | -15.72% |
MURGY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 08, 2023 | May 08, 2023 | May 25, 2023 | $1.25 | 3.50% |
2 | Apr 29, 2022 | Apr 29, 2022 | May 18, 2022 | $1.21 | 5.16% |
3 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | $1.15 | 3.94% |
4 | May 01, 2020 | May 01, 2020 | May 01, 2020 | $1.06 | 4.94% |
5 | Feb 11, 2019 | May 02, 2019 | May 21, 2019 | $1.04 | 4.28% |
FAQ
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