AIZ Price Prediction Next Week
Based on the provided data and technical analysis, here's the price prediction for AIZ for the next trading week:
Technical Analysis
- Current price: $208.01
- Fibonacci levels indicate key resistance at $220.04 (R1) and $223.61 (R2)
- Support levels at $208.52 (S1) and $204.95 (S2)
- RSI(14) at 55.00 shows neutral momentum
- MACD showing positive momentum with value at 1.00
- Price trading above both SMA-20 ($211.12) and SMA-200 ($190.74)
News Sentiment Analysis
- Recent Q4 earnings expectations show analysts predicting $3.51 per share, down from $4.58 YoY
- Stock gained significant momentum after Q3 results with 6.9% surge on better-than-expected performance
- Strong institutional confidence with mean price target of $233.20 suggesting 17.2% upside potential
- Positive market sentiment after recent inflation data, with AIZ being among top gainers
Price Projection for Next Week Based on technical and fundamental factors:
- Bullish Case (60% probability): Price likely to test R1 at $220.04, potentially reaching R2 at $223.61
- Neutral Case (30% probability): Consolidation between $208-$215
- Bearish Case (10% probability): Drop to S1 at $208.52, with strong support at S2 $204.95
Conclusion The stock is expected to reach $220-223 range next week. Recommended to BUY at current levels with stop loss at $204.95 (S2). Key catalysts include:
- Strong technical momentum above major moving averages
- Positive institutional outlook
- Solid Q3 performance and upcoming Q4 earnings
- Overall market bullish sentiment
AIZ Similar Chart Price Prediction
The price of AIZ is predicted to go up 5.52%, based on the high correlation periods with ALX. The similarity of these two price pattern on the periods is 94.88%.
AIZ
ALX
Up: 5.52%Similarity: 94.88%
AIZ Revenue Forecast
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AIZ Analyst's Forecast
Grace Carter
B of A Securities
Strong Buy
2024-10-10
Price Target
$228 → $233
Upside
+22.42%
BofA raised the firm's price target on Assurant to $233 from $228 and keeps a Buy rating on the shares. While Q3 was an active quarter for global catastrophe events, the firm expects Q3 catastrophe losses to be "manageable" for property and casualty insurers, the analyst tells investors in a preview for the U.S. insurance group. The firm has included "placeholder" losses for Hurricane Milton in models for Q4, while acknowledging uncertainty remains with the storm just making landfall. Target changes in the group reflect events occurring during the quarter and various P/E multiple changes, the analyst noted.
John Barnidge
Piper Sandler
Hold
2024-10-02
Price Target
$200 → $217
Upside
+8.68%
John Nadel
UBS
Strong Buy
2024-09-23
Price Target
$217 → $224
Upside
+13.07%
