ANZ Group Holdings Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
ANZ Group Holdings Limited stock price ended at $19.46 on Tuesday, after gaining 1.51%.
(Updated on Jun 18, 2024)
The ANZ Group Holdings Limited stock price gained 1.51% on the last trading day (Tuesday, 18th Jun 2024), rising from $19.17 to $19.46. During the last trading day the stock fluctuated 0.154% from a day low at $19.46 to a day high of $19.49. The price has risen in 6 of the last 10 days and is up by 2.15% 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, 3 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $159.34 thousand.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $19.67 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect ANZ Group Holdings Limited stock with a 90% probability to be traded between $18.35 and $19.84 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ANZGY Signals & Forecast
Mostly positive signals in the chart today. The ANZ Group Holdings Limited 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 $19.20 and $18.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.15%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). ANZ Group Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Tuesday, December 12, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, December 12, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Tuesday, April 30, 2024 with a target of $18.69. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for ANZ Group Holdings Limited stock
ANZ Group Holdings Limited finds support from accumulated volume at $19.05 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 $0.0300 between high and low, or 0.154%. For the last week the stock has had daily average volatility of 0.649%.
Our recommended stop-loss: $18.47 (-5.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ANZGY) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect ANZ Group Holdings Limited to open at $19.47, and during the day (based on 14 day Average True Range), to move between $19.05 and $19.87, which gives a possible trading interval of +/-$0.410 (+/-2.11%) up or down from last closing price. If ANZ Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.54 (0.41%) than the support at $19.05 (2.11%), 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 ANZ Group Holdings Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for ANZ Group Holdings Limited stock to perform well in the short-term period.
Current score: 2.901 Buy Candidate Unchanged
Predicted Opening Price for ANZ Group Holdings Limited of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $19.47 ( 0.0514%) | $19.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANZGY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.50 | 0.206% |
| R2 | 19.49 | 0.147% |
| R1 | 19.48 | 0.110% |
| Price | 19.46 | |
| S1 | 19.46 | -0.0075% |
| S2 | 19.45 | -0.0439% |
| S3 | 19.44 | -0.103% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 19.54 | 0.411% |
| Price | 19.46 | |
| S1 | 19.05 | -2.11% |
| S2 | 18.96 | -2.57% |
| S3 | 18.55 | -4.68% |
ANZGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | Jul 11, 2024 | $0.545 | 2.80% |
| 2 | Nov 22, 2023 | Nov 22, 2023 | Jan 02, 2024 | $0.599 | 3.44% |
| 3 | May 17, 2023 | May 17, 2023 | Jul 13, 2023 | $0.549 | 3.27% |
| 4 | Nov 04, 2022 | Nov 04, 2022 | Nov 04, 2022 | $0.477 | 2.93% |
| 5 | May 18, 2022 | May 18, 2022 | May 18, 2022 | $0.515 | 2.92% |
FAQ
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