Reinsurance Group of America (NYSE: RGA) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 215 – 220 |
| Target | 230 – 235 |
| StopLoss* | below 211 |
| Duration | 14-15 Trading Days |
| Potential Returns | 6% – 7% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 215 – 220 | 230 – 235 | below 211 | 14-15 Trading Days | 6% – 7% |
* Once the first target hit, reset the StopLoss at your buying price.
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Reinsurance Group of America (NYSE: RGA) STOCK OVERVIEW
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.
| Stock Data | |
| NYSE Symbol | RGA |
| Sectoral Index | Life Insurance |
| 52 Weeks High | 222.94 |
| 52 Weeks Low | 135.07 |
Reinsurance Group of America (NYSE: RGA) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Reinsurance Group of America — NASDAQ —
Reinsurance Group of America (NYSE: RGA) - DAILY TECHNICAL ANALYSIS
- 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
- Current RSI of this stock is 73.77, which indicates the strength of buyers.
Reinsurance Group of America (NYSE: RGA) - MACD
- MACD line has just crossed the signal line from the below, generates bullish signal.
Reinsurance Group of America (NYSE: RGA) - ADX & DI
- 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.
CONCLUSION - Reinsurance Group of America (NYSE: RGA) STOCK PRICE FORECAST
Based on our stock trading advice in USA, Reinsurance Group of America stock price target will be USD 230 – USD 235 in the next 14-15 trading sessions.
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