AIA Group Limited Stock Forecast
Green day on Thursday for AIA Group Limited stock after gaining 2.24%
(Updated on Apr 18, 2024)
The AIA Group Limited stock price gained 2.24% on the last trading day (Thursday, 18th Apr 2024), rising from HK$46.80 to HK$47.85. During the last trading day the stock fluctuated 2.31% from a day low at HK$47.60 to a day high of HK$48.70. The price has fallen in 7 of the last 10 days and is down by -9.72% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 million more shares were traded than the day before. In total, 58 million shares were bought and sold for approximately HK$2.78 billion.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$45.50 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.88% during the next 3 months and, with a 90% probability hold a price between HK$36.46 and HK$47.38 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1299.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.02%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AIA Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$48.59 and HK$56.52. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AIA Group Limited stock
AIA Group Limited finds support from accumulated volume at HK$47.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$1.10 between high and low, or 2.31%. For the last week, the stock has had daily average volatility of 3.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1299.HK) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect AIA Group Limited to open at HK$48.05, and during the day (based on 14 day Average True Range), to move between HK$46.02 and HK$49.68, which gives a possible trading interval of +/-HK$1.83 (+/-3.82%) up or down from last closing price. If AIA Group Limited takes out the full calculated possible swing range there will be an estimated 7.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$47.25 (1.25%) than the resistance at HK$48.60 (1.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AIA Group Limited stock A Buy?
AIA Group Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.851 Sell Candidate Unchanged
Predicted Opening Price for AIA Group Limited of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| HK$48.05 ( 0.418%) | HK$47.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1299.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.15 | 2.72 % | |
| R2 | 48.73 | 1.84 % | ||
| R1 | 48.47 | 1.30 % | ||
| Current price: | 47.85 | |||
| Support | S1 | 47.63 | -0.460 % | |
| S2 | 47.37 | -1.00 % | ||
| S3 | 46.95 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.25 | 13.38 % | |
| R2 | 52.55 | 9.82 % | ||
| R1 | 48.60 | 1.57 % | ||
| Current price | 47.85 | |||
| Support | S1 | 47.25 | -1.25% | |
| S2 | 46.80 | -2.19% | ||
| S3 | 46.00 | -3.87% |
1299 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | Jun 14, 2024 | HK$1.19 | 2.48% |
| 2 | Sep 11, 2023 | Sep 11, 2023 | Sep 11, 2023 | HK$0.423 | 0.638% |
| 3 | May 23, 2023 | May 23, 2023 | May 23, 2023 | HK$1.13 | 1.45% |
| 4 | Sep 09, 2022 | Sep 09, 2022 | Sep 09, 2022 | HK$0.403 | 0.539% |
| 5 | May 24, 2022 | May 24, 2022 | May 24, 2022 | HK$1.08 | 1.40% |
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