The Travelers Companies Inc Stock Forecast
Green day on Thursday for The Travelers Companies Inc stock after gaining 0.262%
(Updated on Apr 25, 2024)
The The Travelers Companies Inc stock price gained 0.262% on the last trading day (Thursday, 25th Apr 2024), rising from $213.43 to $213.99. During the last trading day the stock fluctuated 1.52% from a day low at $210.92 to a day high of $214.13. The price has risen in 7 of the last 10 days but is still down by -2.91% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 174 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $271.37 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.25% during the next 3 months and, with a 90% probability hold a price between $214.03 and $240.10 at the end of this 3-month period.
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TRV Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.59%. Further rise is indicated until a new top pivot has been found. 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 The Travelers Companies Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $222.00. On a fall, the stock will find some support from the short-term average at $212.44. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for The Travelers Companies Inc stock
The Travelers Companies Inc finds support from accumulated volume at $212.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.21 between high and low, or 1.52%. For the last week, the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: $202.40 (-5.42%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (TRV) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect The Travelers Companies Inc to open at $213.01, and during the day (based on 14 day Average True Range), to move between $209.85 and $218.13, which gives a possible trading interval of +/-$4.14 (+/-1.93%) up or down from last closing price. If The Travelers Companies Inc takes out the full calculated possible swing range there will be an estimated 3.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $212.02 (0.92%) than the resistance at $219.02 (2.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Travelers Companies Inc stock A Buy?
The Travelers Companies Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.019 Hold/Accumulate Unchanged
Predicted Opening Price for The Travelers Companies Inc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$213.01 ( 0.456%) | $213.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 216.22 | 1.04 % | |
R2 | 215.00 | 0.471 % | ||
R1 | 214.24 | 0.117 % | ||
Current price: | 213.99 | |||
Support | S1 | 211.79 | -1.03 % | |
S2 | 211.03 | -1.38 % | ||
S3 | 209.80 | -1.96 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 220.96 | 3.26 % | |
R2 | 220.10 | 2.86 % | ||
R1 | 219.02 | 2.35 % | ||
Current price | 213.99 | |||
Support | S1 | 212.02 | -0.92% | |
S2 | 210.42 | -1.67% | ||
S3 | 206.58 | -3.46% |
TRV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 17, 2024 | Jun 10, 2024 | Jun 28, 2024 | $1.05 | 0.491% |
2 | Apr 17, 2024 | Jun 07, 2024 | Jun 28, 2024 | $1.05 | 0.491% |
3 | Jan 19, 2024 | Mar 07, 2024 | Mar 29, 2024 | $1.00 | 0.435% |
4 | Oct 18, 2023 | Dec 07, 2023 | Dec 29, 2023 | $1.00 | 0.525% |
5 | Jul 20, 2023 | Sep 07, 2023 | Sep 29, 2023 | $1.00 | 0.612% |
FAQ
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