FG Price Prediction Next Week
Analysis and Insights
To predict the stock price of FG for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
FG's stock price is currently at $39.8071, with a 52-week range of $34.90 to $50.75. The stock recently crossed below its 200-day moving average, a bearish signal. Key technical indicators include:
- RSI (14): 40.87, indicating oversold conditions.
- MACD: -0.84, showing bearish momentum.
- Stochastic Oscillator: %K (18.56) and %D (21.14), suggesting bearish crossover.
Fibonacci levels indicate resistance at $43.20 and $44.15, with support at $40.11 and $39.16.
News Sentiment:
- Dividend Declaration: FG declared a quarterly dividend of $0.22, maintaining stability.
- Contrarian Investment Strategy: Validea's Contrarian Investor model upgraded FG's rating to 83%, indicating improving fundamentals.
Price Prediction:
Based on technical indicators and Fibonacci support levels, FG is expected to trade around $39.00 next week. The bearish trend suggests a potential drop to the lower support level of $39.16.
Recommendation:
Sell FG stock next week, as technical indicators and Fibonacci levels suggest continued bearish momentum.
FG Similar Chart Price Prediction
The price of FG is predicted to go up 2.88%, based on the high correlation periods with MAR. The similarity of these two price pattern on the periods is 94.15%.
FG
MAR
Up: 2.88%Similarity: 94.15%
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FG Analyst's Forecast
Mark Devries
Barclays
Hold
2025-01-06
Price Target
$46 → $47
Upside
+13.2%
Barclays raised the firm's price target on F&G Annuities to $47 from $46 and keeps an Equal Weight rating on the shares. As Barclays assesses the landscape for the insurance industry heading into 2025, it remains more optimistic on the life insurers as it sees improving free cash flow, benefits from higher interest rates, sizeable excess capital positions, strong group benefits earnings, and potential for further reinsurance and merger transactions. While property and casualty is a very high-quality business over the long term, we are at a tougher part of the underwriting cycle for property coverage, and casualty loss cost trend still poses a risk that will potentially prevent more favorable development, the analyst tells investors in a research note. As a result, the firm is more selective in its stock picks.
Mark Devries
Barclays
Hold
2024-11-08
Price Target
$44 → $46
Downside
-0.11%
Mark Devries
Barclays
Hold
2024-10-08
Price Target
$45 → $44
Upside
+3.9%
