IG Group Hldgs Stock Forecast
Evaluation of IG Group Hldgs stock downgraded after the last trading session.
(Updated on Apr 19, 2024)
The IG Group Hldgs stock price fell by -0.277% on the last day (Friday, 19th Apr 2024) from £721.00 to £719.00. During the last trading day the stock fluctuated 1.19% from a day low at £714.00 to a day high of £722.50. The price has fallen in 6 of the last 10 days and is down by -0.14% for this period. Volume has increased on the last day by 432 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately £1.05 billion.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.09% during the next 3 months and, with a 90% probability hold a price between £711.43 and £765.10 at the end of this 3-month period.
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IGG.L Signals & Forecast
There are few to no technical positive signals at the moment. The IG Group Hldgs stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £727.86 and £721.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -2.84%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for IG Group Hldgs stock
IG Group Hldgs finds support from accumulated volume at £716.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £8.50 between high and low, or 1.19%. For the last week the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IGG.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect IG Group Hldgs to open at £718.50, and during the day (based on 14 day Average True Range), to move between £707.15 and £730.85, which gives a possible trading interval of +/-£11.85 (+/-1.65%) up or down from last closing price. If IG Group Hldgs takes out the full calculated possible swing range there will be an estimated 3.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £720.00 (0.14%) than the support at £716.00 (0.42%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is IG Group Hldgs stock A Buy?
The IG Group Hldgs stock holds several negative signals and despite the positive trend, we believe IG Group Hldgs will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.573 Sell Candidate Downgraded
Predicted Opening Price for IG Group Hldgs of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
£718.50 ( 0.0695%) | £719.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IGG.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 727.00 | 1.11 % | |
R2 | 723.75 | 0.661 % | ||
R1 | 721.75 | 0.382 % | ||
Current price: | 719.00 | |||
Support | S1 | 715.25 | -0.521 % | |
S2 | 713.25 | -0.80 % | ||
S3 | 710.00 | -1.25 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 732.00 | 1.81 % | |
R2 | 727.00 | 1.11 % | ||
R1 | 720.00 | 0.139 % | ||
Current price | 719.00 | |||
Support | S1 | 716.00 | -0.417% | |
S2 | 701.50 | -2.43% | ||
S3 | 684.00 | -4.87% |
IGG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 01, 2024 | Feb 01, 2024 | Mar 01, 2024 | £13.56 | 1.91% |
2 | Jan 26, 2023 | Feb 02, 2023 | Mar 03, 2023 | £13.26 | 1.64% |
3 | Jul 21, 2022 | Sep 22, 2022 | Oct 20, 2022 | £31.24 | 4.17% |
4 | Jan 27, 2022 | Feb 03, 2022 | Mar 04, 2022 | £12.96 | 1.79% |
5 | Jan 27, 2022 | Feb 02, 2022 | Mar 04, 2022 | £12.96 | 1.79% |
FAQ
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