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AFGB stock forecast American Financial Group Inc. 5.875 % Debentures 2019-30.03.59 Global

AFGB stock forecast

Monday June 24, 2019 Change 0.19% Price $26.21
Chart period: 2019-03-25 - 2019-06-24
VOLUME
Sell
TREND
Buy
MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will AFGB stock price go up or down on Tue, 25 Jun 2019?

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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.

Buy candidate since 2019-06-24


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.

Quick summary:

  • 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.

Trend

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.

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Signals

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.

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Relative Strength Index (RSI)

RSI14 is 42 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

American Financial Group Inc. 5.875 % Debentures 2019-30.03.59 Global finds support from accumulated volume at $25.36.

Support: $25.36 Price: $26.21 Resistance: $26.29

Risk

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

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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.

Buy Candidate Upgraded

Will AFGB stock price go up or down on Tue, 25 Jun 2019?

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