Zurich Insurance Group AG Stock Forecast
Zurich Insurance Group AG stock price ended at 485.30 Fr on Tuesday, after losing 0.390%.
(Updated on Jun 25, 2024)
The Zurich Insurance Group AG stock price fell by -0.390% on the last day (Tuesday, 25th Jun 2024) from 487.20 Fr to 485.30 Fr. During the last trading day the stock fluctuated 1.03% from a day low at 483.60 Fr to a day high of 488.60 Fr. The price has risen in 6 of the last 10 days and is up by 3.17% 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, 179 thousand shares were bought and sold for approximately 86.68 Fr million.
The stock lies in the upper part of a weak 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 487.47 Fr will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.43% during the next 3 months and, with a 90% probability hold a price between 463.84 Fr and 504.21 Fr at the end of this 3-month period.
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ZURN.SW Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.390%. 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 Zurich Insurance Group AG 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 482.74 Fr and 470.73 Fr. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Zurich Insurance Group AG stock
Zurich Insurance Group AG finds support from accumulated volume at 482.80 Fr 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 5.00 Fr between high and low, or 1.03%. For the last week the stock has had daily average volatility of 1.15%.
Our recommended stop-loss: 471.34 Fr (-2.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 35 days ago.)
Trading Expectations (ZURN.SW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Zurich Insurance Group AG to open at 485.83 Fr, and during the day (based on 14 day Average True Range), to move between 479.51 Fr and 491.09 Fr, which gives a possible trading interval of +/-5.79 Fr (+/-1.19%) up or down from last closing price. If Zurich Insurance Group AG takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 485.40 Fr (0.02%) than the support at 482.80 Fr (0.52%), 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 Zurich Insurance Group AG 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 Zurich Insurance Group AG stock to perform well in the short-term.
Current score: 1.852 Buy Candidate Unchanged
Predicted Opening Price for Zurich Insurance Group AG of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 485.83 Fr ( 0.110%) | 485.30 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZURN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 490.83 | 1.14% |
| R2 | 488.92 | 0.747% |
| R1 | 487.74 | 0.503% |
| Price | 485.30 | |
| S1 | 483.92 | -0.284% |
| S2 | 482.74 | -0.527% |
| S3 | 480.83 | -0.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 486.30 | 0.206% |
| R2 | 486.00 | 0.144% |
| R1 | 485.40 | 0.0206% |
| Price | 485.30 | |
| S1 | 482.80 | -0.515% |
| S2 | 469.20 | -3.32% |
| S3 | 451.50 | -6.96% |
ZURN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 16, 2024 | 26.00 Fr | 5.83% |
| 2 | Apr 12, 2023 | Apr 12, 2023 | Apr 14, 2023 | 24.00 Fr | 5.69% |
| 3 | Apr 08, 2022 | Apr 08, 2022 | Apr 08, 2022 | 22.00 Fr | 4.96% |
| 4 | Apr 09, 2021 | Apr 09, 2021 | Apr 09, 2021 | 20.00 Fr | 5.19% |
| 5 | Feb 13, 2020 | Apr 03, 2020 | Apr 07, 2020 | 20.00 Fr | 6.34% |
FAQ
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