AIB Group Plc Stock Forecast
AIB Group Plc stock price up 0.356% on Thursday
(Updated on Apr 18, 2024)
The AIB Group Plc stock price gained 0.356% on the last trading day (Thursday, 18th Apr 2024), rising from £421.00 to £422.50. During the last trading day the stock fluctuated 2.49% from a day low at £422.50 to a day high of £433.00. The price has risen in 5 of the last 10 days and is up by 0.48% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 130 thousand more shares were traded than the day before. In total, 142 thousand shares were bought and sold for approximately £59.99 million.
The stock lies in the middle of a strong 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 29.08% during the next 3 months and, with a 90% probability hold a price between £526.74 and £565.68 at the end of this 3-month period.
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AIBG.L Signals & Forecast
The AIB Group Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £417.14 and £399.61. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -0.705%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for AIB Group Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £338.50 and £337.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AIB Group Plc finds support just below today's level at £338.50. If this is broken, then the next support from accumulated volume will be at £337.00 and £334.50.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £10.50 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: £406.74 (-3.73%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (AIBG.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect AIB Group Plc to open at £426.00, and during the day (based on 14 day Average True Range), to move between £410.43 and £434.57, which gives a possible trading interval of +/-£12.07 (+/-2.86%) up or down from last closing price. If AIB Group Plc takes out the full calculated possible swing range there will be an estimated 5.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £423.50 (0.24%) than the support at £338.50 (19.88%), 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 AIB Group Plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AIB Group Plc stock to perform well in the short-term.
Current score: 3.755 Buy Candidate Unchanged
Predicted Opening Price for AIB Group Plc of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
£426.00 ( 0.83%) | £422.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIBG.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 436.50 | 3.31 % | |
R2 | 432.49 | 2.36 % | ||
R1 | 430.01 | 1.78 % | ||
Current price: | 422.50 | |||
Support | S1 | 421.99 | -0.121 % | |
S2 | 419.51 | -0.707 % | ||
S3 | 415.50 | -1.66 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 425.50 | 0.710 % | ||
R1 | 423.50 | 0.237 % | ||
Current price | 422.50 | |||
Support | S1 | 338.50 | -19.88% | |
S2 | 337.00 | -20.24% | ||
S3 | 334.50 | -20.83% |
AIBG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | May 10, 2024 | £22.74 | 5.38% |
2 | Mar 08, 2023 | Mar 30, 2023 | May 12, 2023 | £6.20 | 1.86% |
3 | Mar 03, 2022 | Mar 31, 2022 | May 13, 2022 | £4.50 | 2.46% |
4 | Mar 06, 2020 | Mar 26, 2020 | May 07, 2020 | £8.00 | 9.21% |
5 | Mar 02, 2018 | Mar 21, 2019 | May 04, 2018 | £17.00 | 3.95% |
FAQ
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