RZB Forecast and Technical Stock AnalysisBuy candidate since 2019-07-11 Gain 1.41%
Reinsurance Group of America Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 gained 0.43% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $27.95 to $28.07 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 0.53% from a day low at $27.94 to a day high of $28.09. The price has risen in 5 of the last 10 days and is up by 1.56% over the past 2 weeks. Volume fell in the last day by -8 366 shares, and in total, 23 508 shares bought and sold for approximately $659 870.00. 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 RZB stock price was $28.09 and low was $26.81.
- 90 day high was $28.09 and low was $26.59.
- 52 week high for the Reinsurance Group of America Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 - $28.09 and low - $22.85.
Reinsurance Group of America Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 lies in the upper part of a narrow and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $28.12 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 2.78% during the next 3 months and, with 90% probability hold a price between $27.77 and $28.90 at the end of this period.
Reinsurance Group of America Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $27.79 and $27.23. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday May 31, 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. 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)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 82 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Reinsurance Group of America Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 finds support from accumulated volume at $27.30.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trendposition increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $27.07 (-3.57%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from pivot bottom found 33 days ago.)
0.57 %Average volatility
Very Low Low Medium High Very High
Reinsurance Group of America Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now