Swiss Re AG Stock Forecast
Swiss Re AG stock price ended at 106.05 Fr on Friday, after gaining 2.46%.
(Updated on May 10, 2024)
The Swiss Re AG stock price gained 2.46% on the last trading day (Friday, 10th May 2024), rising from 103.50 Fr to 106.05 Fr. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.58% from a day low at 104.40 Fr to a day high of 106.05 Fr. The price has risen in 6 of the last 10 days and is up by 5.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 32 thousand more shares were traded than the day before. In total, 912 thousand shares were bought and sold for approximately 96.67 Fr 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 -3.53% during the next 3 months and, with a 90% probability hold a price between 93.31 Fr and 110.74 Fr at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SREN.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.39%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Swiss Re AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 106.28 Fr. On a fall, the stock will find some support from the short-term average at 101.74 Fr. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Swiss Re AG stock
Swiss Re AG finds support from accumulated volume at 103.95 Fr 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 1.65 Fr between high and low, or 1.58%. For the last week, the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: 100.97 Fr (-4.79%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (SREN.SW) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Swiss Re AG to open at 105.50 Fr, and during the day (based on 14 day Average True Range), to move between 104.07 Fr and 108.03 Fr, which gives a possible trading interval of +/-1.98 Fr (+/-1.86%) up or down from last closing price. If Swiss Re AG takes out the full calculated possible swing range there will be an estimated 3.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 103.95 Fr (1.98%) than the resistance at 111.25 Fr (4.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Swiss Re AG will release earnings BMO on Thursday, May 16, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.01. We will update the financials statements for Swiss Re AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.62% in the first trading day after earnings release.
Is Swiss Re AG stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.289 Buy Candidate Unchanged
Predicted Opening Price for Swiss Re AG of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 105.50 Fr ( 0.519%) | 106.05 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SREN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.15 | 1.04 % | |
| R2 | 106.52 | 0.443 % | ||
| R1 | 106.13 | 0.0757 % | ||
| Current price: | 106.05 | |||
| Support | S1 | 104.87 | -1.11 % | |
| S2 | 104.48 | -1.48 % | ||
| S3 | 103.85 | -2.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 116.10 | 9.48 % | |
| R2 | 113.75 | 7.26 % | ||
| R1 | 111.25 | 4.90 % | ||
| Current price | 106.05 | |||
| Support | S1 | 103.95 | -1.98% | |
| S2 | 100.95 | -4.81% | ||
| S3 | 97.84 | -7.74% |
SREN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2024 | Apr 16, 2024 | Apr 18, 2024 | 6.00 Fr | 6.12% |
| 2 | Apr 14, 2023 | Apr 14, 2023 | Apr 18, 2023 | 6.40 Fr | 7.23% |
| 3 | Apr 19, 2022 | Apr 19, 2022 | Apr 19, 2022 | 5.90 Fr | 7.16% |
| 4 | Apr 20, 2021 | Apr 20, 2021 | Apr 20, 2021 | 5.90 Fr | 7.02% |
| 5 | Feb 20, 2020 | Apr 21, 2020 | Apr 23, 2020 | 5.90 Fr | 8.70% |
FAQ
Click here for our free guide on how to buy Swiss Re AG Stock.
