Reinsurance Group of America Stock Forecast
Weaker technical forecast for Reinsurance Group of America as stock downgraded to Sell Candidate.
(Updated on Apr 18, 2024)
The Reinsurance Group of America stock price gained 1.29% on the last trading day (Thursday, 18th Apr 2024), rising from $180.15 to $182.48. During the last trading day the stock fluctuated 1.29% from a day low at $180.53 to a day high of $182.86. The price has fallen in 6 of the last 10 days and is down by -4.64% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 117 thousand more shares were traded than the day before. In total, 381 thousand shares were bought and sold for approximately $69.52 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $180.58 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.39% during the next 3 months and, with a 90% probability hold a price between $208.37 and $228.88 at the end of this 3-month period.
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RGA Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Reinsurance Group of America stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $183.44 and $186.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -6.39%. 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).
Support, Risk & Stop-loss for Reinsurance Group of America stock
Reinsurance Group of America finds support from accumulated volume at $181.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.33 (1.29%) between high and low. For the last week, the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RGA) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Reinsurance Group of America Incorporated to open at $181.96, and during the day (based on 14 day Average True Range), to move between $179.21 and $185.75, which gives a possible trading interval of +/-$3.27 (+/-1.79%) up or down from last closing price. If Reinsurance Group of America Incorporated takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $181.64 (0.46%) than the resistance at $185.28 (1.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Reinsurance Group of America Incorporated stock A Buy?
The Reinsurance Group of America stock holds several negative signals and despite the positive trend, we believe Reinsurance Group of America 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 Hold/Accumulate to a Sell candidate.
Current score: -3.055 Sell Candidate Downgraded
Predicted Opening Price for Reinsurance Group of America Incorporated of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $181.96 ( 0.287%) | $182.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RGA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 184.29 | 0.99 % | |
| R2 | 183.40 | 0.502 % | ||
| R1 | 182.85 | 0.201 % | ||
| Current price: | 182.48 | |||
| Support | S1 | 181.07 | -0.775 % | |
| S2 | 180.52 | -1.08 % | ||
| S3 | 179.63 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 189.96 | 4.10 % | |
| R2 | 186.04 | 1.95 % | ||
| R1 | 185.28 | 1.53 % | ||
| Current price | 182.48 | |||
| Support | S1 | 181.64 | -0.460% | |
| S2 | 178.06 | -2.42% | ||
| S3 | 167.04 | -8.46% |
RGA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 12, 2024 | Feb 27, 2024 | $0.85 | 0.485% |
| 2 | Oct 31, 2023 | Nov 13, 2023 | Nov 28, 2023 | $0.85 | 0.528% |
| 3 | Aug 01, 2023 | Aug 14, 2023 | Aug 29, 2023 | $0.85 | 0.609% |
| 4 | May 02, 2023 | May 15, 2023 | May 30, 2023 | $0.80 | 0.560% |
| 5 | Feb 02, 2023 | Feb 13, 2023 | Feb 28, 2023 | $0.80 | 0.554% |
FAQ
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