Reinsurance Group of America Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Reinsurance Group of America stock downgraded to Strong Sell Candidate
(Updated on Jun 28, 2024)
The Reinsurance Group of America stock price fell by -0.408% on the last day (Friday, 28th Jun 2024) from $206.11 to $205.27. During the last trading day the stock fluctuated 1.95% from a day low at $203.59 to a day high of $207.57. The price has risen in 6 of the last 10 days and is up by 1.87% over the past 2 weeks. Volume has increased on the last day by 268 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, 426 thousand shares were bought and sold for approximately $87.45 million.
The stock lies in the middle of a wide and 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 11.83% during the next 3 months and, with a 90% probability hold a price between $222.75 and $249.42 at the end of this 3-month period.
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RGA Signals & Forecast
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. The Reinsurance Group of America 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 $206.65 and $206.90. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -3.34%. 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. The stock had a Golden Star Signal on Monday, June 17, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, June 17, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Reinsurance Group of America stock
Reinsurance Group of America finds support from accumulated volume at $201.65 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 $3.97 between high and low, or 1.95%. For the last week the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
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 $205.48, and during the day (based on 14 day Average True Range), to move between $201.67 and $208.87, which gives a possible trading interval of +/-$3.60 (+/-1.76%) 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 3.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $206.48 (0.59%) than the support at $201.65 (1.76%), 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?
The Reinsurance Group of America stock holds several negative signals and despite the positive trend, we believe Reinsurance Group of America will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.440 Strong Sell Candidate Downgraded
Predicted Opening Price for Reinsurance Group of America Incorporated of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $205.48 ( 0.0999%) | $205.27 |
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 | |
|---|---|---|
| R3 | 209.45 | 2.04% |
| R2 | 207.93 | 1.30% |
| R1 | 206.99 | 0.84% |
| Price | 205.27 | |
| S1 | 203.96 | -0.640% |
| S2 | 203.02 | -1.10% |
| S3 | 201.50 | -1.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 208.77 | 1.71% |
| R2 | 207.21 | 0.95% |
| R1 | 206.48 | 0.589% |
| Price | 205.27 | |
| S1 | 201.65 | -1.76% |
| S2 | 191.18 | -6.86% |
| S3 | 188.78 | -8.03% |
RGA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 13, 2024 | May 28, 2024 | $0.85 | 0.409% |
| 2 | Feb 01, 2024 | Feb 12, 2024 | Feb 27, 2024 | $0.85 | 0.485% |
| 3 | Oct 31, 2023 | Nov 13, 2023 | Nov 28, 2023 | $0.85 | 0.528% |
| 4 | Aug 01, 2023 | Aug 14, 2023 | Aug 29, 2023 | $0.85 | 0.609% |
| 5 | May 02, 2023 | May 15, 2023 | May 30, 2023 | $0.80 | 0.560% |
FAQ
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