Ageas SA/NV Forecast and Stock Analysis
Technical 0NUJ.L stock analysis for March 18, 2019.
Ageas SA/NV gained 0.32% in the last trading day, rising from 44.04€ to 44.18€ , and has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 7 of the last 10 days and is up by 0.49% over the past 2 weeks. Volume fell in the last day by -5 581 shares, and in total, 17 311 shares bought and sold for approximately 764 800.00€. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the 0NUJ.L stock was 44.18€. This is 0.32% more than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 2.00% from a day low at 43.48€ to a day high of 44.35€.
30 day high of the 0NUJ.L stock price was 44.35€ and low was 41.07€.
90 day high was 44.35€ and low was 37.63€.
52 week high for the Ageas SA/NV - 47.00€ and low - 37.63€.
Ageas SA/NV lies in the middle of a narrow and strong 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 15.14% during the next 3 months and, with 90% probability hold a price between 49.67€ and 51.76€ 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 43.64€ and 42.54€. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday March 08, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at 41.78€ and 41.16€.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ageas SA/NV finds support just below today's level at 41.78€. If this is broken, then the next support from accumulated volume will be at 41.16€ and 39.48€.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Since the Ageas SA/NV has been rising for 7 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stoploss: 42.16€ (-4.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term.