Assured Guaranty Ltd Stock Forecast
Assured Guaranty Ltd stock downgraded to Sell Candidate
(Updated on Mar 27, 2024)
The Assured Guaranty Ltd stock price fell by -2.72% on the last day (Wednesday, 27th Mar 2024) from $89.79 to $87.35. During the last trading day the stock fluctuated 3.41% from a day low at $86.92 to a day high of $89.88. The price has been going up and down for this period, and there has been a -3.64% loss for the last 2 weeks. Volume has increased on the last day by 397 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, 908 thousand shares were bought and sold for approximately $79.28 million.
Given the current short-term trend, the stock is expected to rise 22.98% during the next 3 months and, with a 90% probability hold a price between $107.43 and $124.46 at the end of this 3-month period.
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AGO Signals & Forecast
There are few to no technical positive signals at the moment. The Assured Guaranty Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $90.39 and $88.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -8.05%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Assured Guaranty Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $82.19 and $82.00. There is a 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, Assured Guaranty Ltd finds support just below today's level at $82.19. If this is broken, then the next support from accumulated volume will be at $82.00 and $79.40.
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 $2.96 between high and low, or 3.41%. For the last week the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AGO) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Assured Guaranty Ltd to open at $88.05, and during the day (based on 14 day Average True Range), to move between $85.47 and $89.23, which gives a possible trading interval of +/-$1.88 (+/-2.15%) up or down from last closing price. If Assured Guaranty Ltd takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $90.83 (3.98%) than the support at $82.19 (5.91%), 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 Assured Guaranty Ltd stock A Buy?
The Assured Guaranty Ltd stock holds several negative signals and despite the positive trend, we believe Assured Guaranty Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.752 Sell Candidate Downgraded
Predicted Opening Price for Assured Guaranty Ltd of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$88.05 ( 0.80%) | $87.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 91.01 | 4.19 % | |
R2 | 89.88 | 2.90 % | ||
R1 | 89.18 | 2.10 % | ||
Current price: | 87.35 | |||
Support | S1 | 86.92 | -0.493 % | |
S2 | 86.22 | -1.29 % | ||
S3 | 85.09 | -2.59 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 95.00 | 8.76 % | |
R2 | 91.60 | 4.87 % | ||
R1 | 90.83 | 3.98 % | ||
Current price | 87.35 | |||
Support | S1 | 82.19 | -5.91% | |
S2 | 82.00 | -6.12% | ||
S3 | 79.40 | -9.10% |
AGO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 05, 2024 | Mar 05, 2024 | Mar 20, 2024 | $0.280 | 0.302% |
2 | Nov 14, 2023 | Nov 14, 2023 | Nov 29, 2023 | $0.280 | 0.416% |
3 | Aug 02, 2023 | Aug 15, 2023 | Aug 30, 2023 | $0.280 | 0.481% |
4 | May 03, 2023 | May 16, 2023 | May 31, 2023 | $0.280 | 0.541% |
5 | Feb 22, 2023 | Mar 07, 2023 | Mar 22, 2023 | $0.280 | 0.588% |
FAQ
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