AFG Price Prediction Next Week
Analysis and Insights
News Sentiment and Technical Indicators:
American Financial Group (AFG) has recently been added to the Zacks Rank #5 (Strong Sell) list due to downward revisions in earnings estimates over the past 60 days. This indicates negative market sentiment and potential downward pressure on the stock price. However, AFG's shares have entered oversold territory, with an RSI reading of 29.99, suggesting a potential buying opportunity.
Technical Analysis:
The stock is currently trading at $127.3, with a neutral RSI of 58.52. The MACD is slightly bearish, but the oversold condition from earlier suggests a possible reversal. Fibonacci levels indicate a pivot point at 124.7, with resistance at 128.23 and 130.41, and support at 121.17 and 118.99.
Price Prediction and Recommendation:
Given the oversold condition and nearby support levels, AFG is likely to experience a short-term rebound. The stock is expected to reach $128.23 by the end of the next trading week.
Recommendation: Buy AFG at the current level, as the oversold condition and attractive dividend yield of 2.52% suggest a potential upside.
AFG Similar Chart Price Prediction
The price of AFG is predicted to go up -0.29%, based on the high correlation periods with CIVI. The similarity of these two price pattern on the periods is 98.06%.
AFG
CIVI
Down: -0.29%Similarity: 98.06%
AFG Revenue Forecast
AFG EPS Forecast
AFG FAQs
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AFG Analyst's Forecast
Meyer Shields
Keefe, Bruyette & Woods
Buy
2025-01-10
Price Target
$165 → $164
Upside
+25.74%
Keefe Bruyette lowered the firm's price target on American Financial Group to $164 from $165 and keeps an Outperform rating on the shares as part of a Q4 earnings preview for the property and casualty sector. The results will include slowing written commercial and specialty premium growth, as well as "significant but manageable" reinsured catastrophe losses from hurricanes, the analyst tells investors in a research note. Keefe mostly raised Q4 catastrophe loads for property and casualty insurers citing "persistent Helene loss creep."
Paul Newsome
Piper Sandler
Hold
2024-11-12
Price Target
$135 → $150
Upside
+4.33%
Michael Zaremski
BMO Capital
Hold
2024-10-08
Price Target
$132 → $135
Downside
-0.53%
