American Financial Group Inc. 5.875 % Debentures 2019-30.03.59 Global Forecast and Stock Analysis
Technical AFGB stock analysis for Monday June 24, 2019.
American Financial Group Inc. 5.875 % Debentures 2019-30.03.59 Global gained 0.19% in the last trading day ( Monday, 24th Jun 2019 ), rising from $26.16 to $26.21 During day the stock fluctuated 0.38% from a day low at $26.16 to a day high of $26.26. The price has been going up and down for this period, and there has been a -1.47% loss for the last 2 weeks. Volume fell in the last day by -13 559 shares, and in total, 9 154 shares bought and sold for approximately $239 926.00. 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.
- 30 day high of the AFGB stock price was $26.70 and low was $26.06.
- 90 day high was $26.70 and low was $24.96.
- 52 week high for the American Financial Group Inc. 5.875 % Debentures 2019-30.03.59 Global - $26.70 and low - $24.93.
American Financial Group Inc. 5.875 % Debentures 2019-30.03.59 Global lies in the lower part of a narrow and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $26.18 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.52% during the next 3 months and, with 90% probability hold a price between $27.36 and $28.01 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday June 19, 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. American Financial Group Inc. 5.875 % Debentures 2019-30.03.59 Global holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $26.32. On a fall, the stock will find some support from the short-term average at $26.19. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. 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 42 and the stock is currently not being overbought or oversold
Support & Resistance
American Financial Group Inc. 5.875 % Debentures 2019-30.03.59 Global finds support from accumulated volume at $25.36.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $24.73 (-5.63%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
0.67 %Average volatility
Very Low Low Medium High Very High
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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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