$American(AFG)$ πΊπ ±οΈππ »π »π Έππ ·πΊ
ππππ¦π $AFG: Flying High Into Blue-Sky Territory! ππ¦ππ€οΈπ
Kia ora Tiger traders!
American Financial Group ($AFG) is charting new heights, and from my analysis, this stock is primed for a stunning breakout. Iβve mapped out the patterns, and the trajectory is clear ~ blue skies ahead with targets pushing beyond $180! Let me walk you through my take on $AFGβs incredible setup.
πππΉπ Chart Pattern Iβm Seeing:
β’ Parabolic Ascent: The larger structure on my chart shows a textbook parabolic pattern, with steady support and resistance lines paving the way for a strong, sustainable climb. π
β’ Breakout Confirmation: $AFG has broken past key resistance levels, and from my perspective, the next leg is aiming toward $180+, with little in the way of resistance.
β’ Support Zones: My chart also highlights solid support around $135β$140, which provides a reliable safety net if this stock takes a breather.
π‘ Recent Performance Highlights:
β’ YTD Gains: $AFG has rallied 24.4% year-to-date, outpacing the finance sectorβs 24.1% but still leaving room to close the gap with the insurance industryβs 34.3%. π
β’ Momentum: Closing at $147.93, just shy of its 52-week high of $150.19, suggests this breakout has strong investor backing.
π Technical Strength (Straight Off My Chart):
β’ Above Moving Averages: $AFG is comfortably above its 50-day and 200-day moving averages, signalling consistent upward momentum.
β’ Steady Climb: My chartβs parabolic structure points to a well-supported ascent, with no signs of this trend slowing down anytime soon.
π¦ Fundamentals That Back the Chart:
β’ With a market cap of $12.41 billion, $AFG has the financial strength to sustain its growth.
β’ Its diversified portfolio helps it navigate sector challenges while outperforming many peers in the insurance space.
π Peer Comparisons:
While $AFGβs performance is stellar, itβs still trailing competitors like:
β’ Cincinnati Financial ($CINF): +34.3% YTD
β’ Travelers Companies ($TRV): +27.6% YTD
This means $AFG has room to close the gap and possibly surpass its peers if the breakout continues.
π My Final Take on the take off π«
From where Iβm sitting, $AFG isnβt just breaking out ~ itβs taking off. The parabolic pattern on my chart, combined with strong fundamentals and a bullish trajectory, signals big things ahead. This is the kind of setup traders dream about ~ blue skies and beyond.
Tiger traders, are you joining me on this flight, or will you watch $AFG soar from the sidelines? π«
Happy trading ahead! Cheers, BC πππ
@Tiger_comments @TigerStars @TigerPicks @TigerPM @Daily_Discussion @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
American Financial Group (AFG) - Earnings Analysis
Business Overview:American Financial Group, Inc. is an insurance holding company that provides specialty property and casualty insurance products in the United States. With a market cap of $12.41 billion, AFG has the financial strength to sustain its growth. Its diversified portfolio helps it navigate sector challenges while outperforming many peers in the insurance space. The company was founded in 1872 and is headquartered in Cincinnati, Ohio.
Earnings Data:
The latest reported period is 20249M, with a report date of November 8, 2024.
The reported earnings per share for 20249M is $7.54.
The return on total assets for 20249M is 18.80%.
The net assets per share for 20249M is $56.10.
The financials net profit for 20249M is $632.00 million.
Earnings Forecast:
The earnings forecast for the fourth quarter of 2024 (2024Q4) is an estimated earnings per share of $3.10 and a forecast gross income of $1.78 billion.
Support and Resistance Price:
The support price for AFG as of November 27, 2024, is $135.77.
The resistance price for AFG as of November 27, 2024, is $147.97.
Analyst Recommendation:
Analysts have provided recommendations for AFG, with 1 recommendation to buy and 5 recommendations to hold.
Analyst Target Price:
According to 5 analysts, the target price for AFG is forecasted to be $146.2, with a low estimate of $132.0 and a high estimate of $155.0.
Capital Flow Data:
The capital flow data for the past 5 days shows mixed trends, with fluctuations in inflows and outflows. It is important to consider the overall capital flow trend for a more comprehensive analysis.
Peer Comparisons:
AFG has rallied 24.4% year-to-date, outperforming the finance sector's return of 24.1%, but lagging behind the insurance industry's growth of 34.3%.
AFG has room to close the gap with competitors such as Cincinnati Financial ($CINF) and Travelers Companies ($TRV), which have reported higher year-to-date gains.
Relevant Articles:
AFG Rallies 24.4% YTD but Lags Industry: How to Play the Stock: Provides an analysis of AFG's performance, dividend history, and financial stability.
Brickworks' North American Sales Drop Looks Larger Than Expected: Provides a market talk on another company, but not directly related to AFG.
Please note that the above analysis is for informational purposes only and should not be considered as investment advice. It is important to conduct further research and consult with a professional financial advisor before making any investment decisions.
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