Reinsurance Group of America ETF Forecast
Red day on Friday for Reinsurance Group of America ETF after losing 0.281%
(Updated on Apr 26, 2024)
The Reinsurance Group of America ETF price fell by -0.281% on the last day (Friday, 26th Apr 2024) from $24.92 to $24.85. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.99% from a day low at $24.85 to a day high of $25.10. The price has fallen in 6 of the last 10 days and is down by -0.56% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -3 thousand shares and in total, 7 thousand shares were bought and sold for approximately $173.11 thousand.
The ETF lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.44% during the next 3 months and, with a 90% probability hold a price between $23.66 and $24.50 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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RZB Signals & Forecast
There are few to no technical positive signals at the moment. The Reinsurance Group of America ETF 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 $24.95 and $24.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -1.58%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Reinsurance Group of America ETF
Reinsurance Group of America finds support from accumulated volume at $24.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.246 between high and low, or 0.99%. For the last week the ETF has had daily average volatility of 0.90%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RZB) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Reinsurance Group of America Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 to open at $24.93, and during the day (based on 14 day Average True Range), to move between $24.64 and $25.06, which gives a possible trading interval of +/-$0.211 (+/-0.85%) up or down from last closing price. If Reinsurance Group of America Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 takes out the full calculated possible swing range there will be an estimated 1.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.70 (0.60%) than the resistance at $25.33 (1.93%), 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 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 ETF A Buy?
Reinsurance Group of America holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -4.784 Sell Candidate Unchanged
Predicted Opening Price for Reinsurance Group of America Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $24.93 ( 0.330%) | $24.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RZB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.18 | 1.32 % | |
| R2 | 25.08 | 0.94 % | ||
| R1 | 25.03 | 0.709 % | ||
| Current price: | 24.85 | |||
| Support | S1 | 24.84 | -0.0482 % | |
| S2 | 24.78 | -0.282 % | ||
| S3 | 24.69 | -0.660 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.54 | 2.78 % | |
| R2 | 25.53 | 2.74 % | ||
| R1 | 25.33 | 1.93 % | ||
| Current price | 24.85 | |||
| Support | S1 | 24.70 | -0.604% | |
| S2 | 24.64 | -0.85% | ||
| S3 | 24.63 | -0.89% |
RZB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.359 | 1.44% |
| 2 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.359 | 1.46% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | $0.359 | 1.43% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.359 | 1.42% |
| 5 | May 31, 2023 | May 31, 2023 | Jun 15, 2023 | $0.359 | 1.44% |
FAQ
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