Swiss Re AG Stock Forecast
Swiss Re AG stock upgraded to Hold/Accumulate.
(Updated on Apr 23, 2024)
The Swiss Re AG stock price gained 2.15% on the last trading day (Tuesday, 23rd Apr 2024), rising from $27.38 to $27.97. It has now gained 3 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 0.86% from a day low at $27.76 to a day high of $28.00. The price has risen in 6 of the last 10 days but is still down by -4.67% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 58 thousand more shares were traded than the day before. In total, 96 thousand shares were bought and sold for approximately $2.67 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.95 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.36% during the next 3 months and, with a 90% probability hold a price between $27.58 and $33.97 at the end of this 3-month period.
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SSREY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.94%. Further rise is indicated until a new top pivot has been found. 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 $30.50. On a fall, the stock will find some support from the short-term average at $27.51. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Swiss Re AG stock
Swiss Re AG finds support from accumulated volume at $27.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.240 between high and low, or 0.86%. For the last week, the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: $26.53 (-5.16%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (SSREY) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Swiss Re AG to open at $27.91, and during the day (based on 14 day Average True Range), to move between $27.42 and $28.52, which gives a possible trading interval of +/-$0.549 (+/-1.96%) up or down from last closing price. If Swiss Re AG takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.63 (2.36%) than the support at $27.04 (3.32%), 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 Swiss Re AG stock A Buy?
Swiss Re AG 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.468 Hold/Accumulate Upgraded
Predicted Opening Price for Swiss Re AG of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $27.91 ( 0.215%) | $27.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SSREY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.15 | 0.644 % | |
| R2 | 28.06 | 0.316 % | ||
| R1 | 28.00 | 0.113 % | ||
| Current price: | 27.97 | |||
| Support | S1 | 27.82 | -0.542 % | |
| S2 | 27.76 | -0.745 % | ||
| S3 | 27.67 | -1.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.14 | 7.76 % | |
| R2 | 29.37 | 5.01 % | ||
| R1 | 28.63 | 2.36 % | ||
| Current price | 27.97 | |||
| Support | S1 | 27.04 | -3.32% | |
| S2 | 26.98 | -3.54% | ||
| S3 | 26.91 | -3.79% |
SSREY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2024 | Apr 16, 2024 | Apr 25, 2024 | $1.07 | 3.81% |
| 2 | Jul 13, 2023 | Apr 14, 2023 | Apr 25, 2023 | $1.60 | 6.43% |
| 3 | Apr 14, 2022 | Apr 19, 2022 | Apr 28, 2022 | $1.57 | 7.49% |
| 4 | Mar 09, 2021 | Apr 20, 2021 | Apr 29, 2021 | $1.38 | 6.03% |
| 5 | Apr 21, 2020 | Apr 21, 2020 | Apr 21, 2020 | $1.51 | 8.39% |
FAQ
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