Buy Reinsurance Group of America | NYSE – RGA | Short Term Trading Advice | Life Insurance Sector | 24th Jul 2024 | Expected Gain 6% – 7%

Analysed By
Stock Market
NYSE, United States of America

Stoploss reached. Trade closed.

1 day
2 Aug 2024
24 Jul 2024
Loss per
100,000 USD
1 day
-1,860
Stop-loss
2 Aug 2024
211
Buy Advice
24 Jul 2024
215 - 220
Target 1
230
Target 2
235
Profit per
100,000 USD
-1,860
211
215 - 220
230
235
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Reinsurance Group of America
  • 215 – 220
  • 230 – 235
  • Below 211
  • 6% – 7%
  • 14 - 15 Days
  • Buy Reinsurance Group of America
  • Buy
    Range
    215 – 220
  • Target 230 – 235
  • Stoploss Below 211
  • Upside
    Potential
    6% – 7%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Reinsurance Group of America (NYSE: RGA) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • RGA
  • Reinsurance Group of America
  • Life Insurance
  • 222.94
  • 135.07
  • NYSE code RGA
  • Stock Name Reinsurance Group of America
  • Sector Life Insurance
  • 52 Weeks High 222.94
  • 52 Weeks Low 135.07
  • Company profile

    Reinsurance Group of America, Incorporated is involved in reinsurance business. They offer various life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products. They also provide asset-intensive and financial reinsurance products, as well as other capital motivated solutions. Additionally, the company offers reinsurance for mortality, morbidity, lapse, and investment-related risks, along with reinsurance for investment-related risks. They also develop technology solutions, market them, and provide consulting and outsourcing solutions for the insurance and reinsurance industries. The company operates in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia Pacific. Founded in 1973, the company is headquartered in Chesterfield, Missouri.

  • Reinsurance Group of America (NYSE: RGA) vs NYSE - Relative Strength Comparison

    The image highlights Reinsurance Group of America's performance over the last year versus NYSE.
    Relative Performance - Last 1 Year
    RGA —   NYSE —

  • Reinsurance Group of America (NYSE: RGA) - Technical Analysis (Daily)

    Reinsurance Group of America - Technical Analysis chart on Daily Price and Volume
    Reinsurance Group of America - Technical Analysis chart on Daily Price and Volume

    • The stock price recently displayed a Symmetrical Triangle pattern before consolidating within it.
    • After the breakout, there was a significant upward surge in the price.
    • Following a brief consolidation period, the price experienced a breakout once again and is presently reaching new record highs.
    • The bullish sentiments are likely to persist as long as the price continues to trade above the 210 level.
  • Reinsurance Group of America (NYSE: RGA) - RSI Indicator

    Reinsurance Group of America stock analysis based on RSI indicator
    Reinsurance Group of America - RSI indicator

    • Current RSI of this stock is 73.77, which indicates the strength of buyers.

  • Reinsurance Group of America (NYSE: RGA) - ADX & DI Indicator

    Reinsurance Group of America stock analysis based on ADX & DI indicator
    Reinsurance Group of America - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Reinsurance Group of America (NYSE: RGA) - MACD Indicator

    Reinsurance Group of America stock analysis based on MACD indicator
    Reinsurance Group of America - MACD indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Conclusion - Reinsurance Group of America (NYSE: RGA) Stock Price Forecast

    Based on our US stock recommendations, Reinsurance Group of America stock price target will be USD 230 - USD 235 in the next 14-15 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

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