Medium term view - AEGON NV : The moving average is supporting prices.
The trend has been momentarily interrupted by a correction. It approaches the support at €5.084, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at €6.440. The invalidation level is below €4.909.Arguments :
- Prices are pulling back to the major support level (previously a resistance). The rise will resume afterwards.
- The ADX is falling. The power of the trend is decreasing - a counter-trend move is forming.
- The moving average is supporting prices.
AEGON is a holding company. Through its subsidiaries, Co. provides life insurance and pensions operations in more than 20 countries in the Americas, Europe and Asia and is also active in savings and asset management operations, accident and health insurance, general insurance and to a limited extent banking operations. Co. operates through the following segments: the Americas (which includes the U.S.A., Mexico and Brazil); the Netherlands; the United Kingdom; Central & Eastern Europe; Spain and Portugal; Asia and Aegon Asset Management.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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