Reinsurance Group of America Stock Forecast
Stronger technical forecast for Reinsurance Group of America stock price after Thursday trading.
(Updated on Mar 28, 2024)
The Reinsurance Group of America stock price fell by -0.202% on the last day (Thursday, 28th Mar 2024) from $193.27 to $192.88. During the last trading day the stock fluctuated 1.14% from a day low at $192.51 to a day high of $194.71. The price has risen in 7 of the last 10 days and is up by 4.73% over the past 2 weeks. Volume has increased on the last day by 3 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, 266 thousand shares were bought and sold for approximately $51.38 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $193.70 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 15.58% during the next 3 months and, with a 90% probability hold a price between $207.32 and $223.87 at the end of this 3-month period.
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RGA Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.202%. 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 Reinsurance Group of America 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 $190.16 and $179.11. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Reinsurance Group of America stock
Reinsurance Group of America finds support from accumulated volume at $186.04 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 $2.20 between high and low, or 1.14%. For the last week, the stock has had daily average volatility of 1.68%.
The Reinsurance Group of America stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $188.22 (-2.42%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (RGA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Reinsurance Group of America Incorporated to open at $193.37, and during the day (based on 14 day Average True Range), to move between $190.00 and $195.76, which gives a possible trading interval of +/-$2.88 (+/-1.49%) up or down from last closing price. If Reinsurance Group of America Incorporated takes out the full calculated possible swing range there will be an estimated 2.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $193.27 (0.20%) than the support at $186.04 (3.55%), 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 Reinsurance Group of America Incorporated stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Reinsurance Group of America stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.221 Buy Candidate Upgraded
Predicted Opening Price for Reinsurance Group of America Incorporated of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$193.37 ( 0.253%) | $192.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RGA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 195.57 | 1.39 % | |
R2 | 194.73 | 0.96 % | ||
R1 | 194.21 | 0.689 % | ||
Current price: | 192.88 | |||
Support | S1 | 192.53 | -0.183 % | |
S2 | 192.01 | -0.453 % | ||
S3 | 191.17 | -0.89 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 193.27 | 0.202 % | ||
Current price | 192.88 | |||
Support | S1 | 186.04 | -3.55% | |
S2 | 185.28 | -3.94% | ||
S3 | 167.04 | -13.40% |
RGA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 01, 2024 | Feb 12, 2024 | Feb 27, 2024 | $0.85 | 0.485% |
2 | Oct 31, 2023 | Nov 13, 2023 | Nov 28, 2023 | $0.85 | 0.528% |
3 | Aug 01, 2023 | Aug 14, 2023 | Aug 29, 2023 | $0.85 | 0.609% |
4 | May 02, 2023 | May 15, 2023 | May 30, 2023 | $0.80 | 0.560% |
5 | Feb 02, 2023 | Feb 13, 2023 | Feb 28, 2023 | $0.80 | 0.554% |
FAQ
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