Travelers Cos Inc-The Stock Forecast
Travelers Cos Inc-The stock downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
The Travelers Cos Inc-The stock price fell by -1.74% on the last day (Friday, 28th Jun 2024) from 206.95€ to 203.34€. During the last trading day the stock fluctuated 2.49% from a day low at 200.21€ to a day high of 205.20€. The price has fallen in 5 of the last 10 days and is down by -1.22% for this period. Volume has increased on the last day by 1 million 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 457.02€ million.
The stock lies in the middle of a 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 -4.12% during the next 3 months and, with a 90% probability hold a price between 180.35€ and 201.08€ 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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PA9.F Signals & Forecast
The Travelers Cos Inc-The stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 200.34€ and 200.62€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -2.48%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A buy signal from a double bottom formation was found on Wednesday, June 12, 2024 and based on theory for this formation the price should go up by 10.94% to 225.59€ within 5 trading days since signal was issued (Wednesday, June 19, 2024).
Support, Risk & Stop-loss for Travelers Cos Inc-The stock
Travelers Cos Inc-The finds support from accumulated volume at 201.20€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 4.99€ between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: 196.15€ (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (PA9.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Travelers Cos Inc-The to open at 202.92€, and during the day (based on 14 day Average True Range), to move between 195.18€ and 211.50€, which gives a possible trading interval of +/-8.16€ (+/-4.01%) up or down from last closing price. If Travelers Cos Inc-The takes out the full calculated possible swing range there will be an estimated 8.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 201.20€ (1.05%) than the resistance at 205.85€ (1.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Travelers Cos Inc-The stock A Buy?
Travelers Cos Inc-The 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: 0.383 Hold/Accumulate Downgraded
Predicted Opening Price for Travelers Cos Inc-The of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 202.92€ ( 0.208%) | 203.34€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PA9.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 207.91 | 2.25% |
| R2 | 206.00 | 1.31% |
| R1 | 204.82 | 0.729% |
| Price | 203.34 | |
| S1 | 201.01 | -1.15% |
| S2 | 199.83 | -1.72% |
| S3 | 197.93 | -2.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 212.95 | 4.73% |
| R2 | 212.90 | 4.70% |
| R1 | 205.85 | 1.23% |
| Price | 203.34 | |
| S1 | 201.20 | -1.05% |
| S2 | 199.65 | -1.81% |
| S3 | 192.55 | -5.31% |
PA9 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 28, 2024 | 0.98€ | 0% |
| 2 | Jun 07, 2024 | Jun 07, 2024 | Jun 28, 2024 | 0.99€ | 0% |
| 3 | Mar 07, 2024 | Mar 07, 2024 | Mar 29, 2024 | 0.92€ | 0% |
| 4 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | 0.93€ | 0% |
| 5 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | 0.93€ | 0% |
FAQ
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