Zurich Insurance Group AG 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
Zurich Insurance Group AG stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Zurich Insurance Group AG stock price fell by -0.208% on the last day (Friday, 28th Jun 2024) from 480.10 Fr to 479.10 Fr. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.07% from a day low at 478.70 Fr to a day high of 483.80 Fr. The price has been going up and down for this period, and there has been a 1.63% gain for the last 2 weeks. Volume has increased on the last day by 10 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, 202 thousand shares were bought and sold for approximately 96.80 Fr million.
The stock lies in the middle of a weak 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 5.60% during the next 3 months and, with a 90% probability hold a price between 480.94 Fr and 516.32 Fr at the end of this 3-month period.
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ZURN.SW Signals & Forecast
The Zurich Insurance Group AG stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 482.96 Fr. On a fall, the stock will find some support from the long-term average at approximately 473.19 Fr. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.66%. 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.
Support, Risk & Stop-loss for Zurich Insurance Group AG stock
Zurich Insurance Group AG finds support from accumulated volume at 469.20 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 5.10 Fr between high and low, or 1.07%. For the last week the stock has had daily average volatility of 1.25%.
Our recommended stop-loss: 462.15 Fr (-3.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 38 days ago.)
Trading Expectations (ZURN.SW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Zurich Insurance Group AG to open at 480.53 Fr, and during the day (based on 14 day Average True Range), to move between 473.28 Fr and 484.92 Fr, which gives a possible trading interval of +/-5.82 Fr (+/-1.22%) 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 2.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 479.60 Fr (0.10%) than the support at 469.20 Fr (2.07%), 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?
Zurich Insurance Group 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: -0.207 Hold/Accumulate Upgraded
Predicted Opening Price for Zurich Insurance Group AG of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
480.53 Fr ( 0.299%) | 479.10 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 | 485.63 | 1.36% |
R2 | 483.69 | 0.96% |
R1 | 482.48 | 0.706% |
Price | 479.10 | |
S1 | 478.59 | -0.107% |
S2 | 477.38 | -0.359% |
S3 | 475.43 | -0.765% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 483.60 | 0.94% |
R2 | 482.80 | 0.772% |
R1 | 479.60 | 0.104% |
Price | 479.10 | |
S1 | 469.20 | -2.07% |
S2 | 469.10 | -2.09% |
S3 | 451.50 | -5.76% |
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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