Ageas SA/NV Stock Analysis
Technical stock analysis for 23 January 2019
Ageas SA/NV fell by -0.94% in the last day from 41.15€ to 40.77€ The price has risen in 7 of the last 10 days and is up by 6.05% over the past 2 weeks. Volume has increased in the last day by 24 823 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 24 823 shares bought and sold for approximately 1.01€ million.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the 0NUJ.L stock was 40.77€. This is 0.94% less than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 2.07% from a day low at 39.94€ to a day high of 40.77€.
30 day high of the 0NUJ.L stock price was 41.21€ and low was 37.63€.
90 day high was 45.60€ and low was 37.63€.
52 week high for the Ageas SA/NV - 47.00€ and low - 37.63€.
Ageas SA/NV lies the upper part of a wide and falling trend in the short term, and this will 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 40.86€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.50% during the next 3 months and, with 90% probability hold a price between 31.62€ and 35.34€ at the end of this period.
Ageas SA/NV holds buy signals from both short- and long-term moving averages. In addition, 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 40.71€ and 39.71€. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Ageas SA/NV gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
The stock holds a RSI14 at 74 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Ageas SA/NV finds support from accumulated volume at 39.48€.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved 0.83€ (2.07%) between high and low. For the last week, the stock has had a daily average volatility of 1.44%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: 39.48€ (-3.15%) (This stock has low daily movements and this gives low risk. The RSI14 is 74 and this increases the risk substantially. There is a sell signal from pivot top found 3 days ago.)
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Ageas SA/NV holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.