Aviva Plc Stock Forecast
Red day on Friday for Aviva Plc
(Updated on May 17, 2024)
No changes to the price of Aviva Plc stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 2.17% from a day low at $12.44 to a day high of $12.71. The price has risen in 8 of the last 10 days and is up by 5.49% over the past 2 weeks.
The stock lies in the middle of a wide and 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 4.31% during the next 3 months and, with a 90% probability hold a price between $12.14 and $13.57 at the end of this 3-month period.
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AVVIY Signals & Forecast
The Aviva 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 $12.54 and $12.14. 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). 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 Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Aviva Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.67 and $11.61. 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, Aviva Plc finds support just below today's level at $11.67. If this is broken, then the next support from accumulated volume will be at $11.61 and $11.55.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.270 between high and low, or 2.17%. For the last week the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: $12.23 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (AVVIY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Aviva Plc to open at $12.61, and during the day (based on 14 day Average True Range), to move between $12.45 and $12.91, which gives a possible trading interval of +/-$0.234 (+/-1.85%) up or down from last closing price. If Aviva Plc takes out the full calculated possible swing range there will be an estimated 3.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.69 (0.08%) than the support at $11.67 (7.97%), 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.
Earnings coming up
Aviva Plc will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Aviva Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.83% in the first trading day after earnings release.
Is Aviva 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 Aviva Plc stock to perform well in the short-term.
Current score: 2.886 Buy Candidate Unchanged
Predicted Opening Price for Aviva Plc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $12.61 ( 0.552%) | $12.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVVIY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.88 | 1.58 % | |
| R2 | 12.78 | 0.763 % | ||
| R1 | 12.71 | 0.261 % | ||
| Current price: | 12.68 | |||
| Support | S1 | 12.51 | -1.37 % | |
| S2 | 12.44 | -1.87 % | ||
| S3 | 12.34 | -2.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.71 | 0.205 % | |
| R2 | 12.70 | 0.149 % | ||
| R1 | 12.69 | 0.0789 % | ||
| Current price | 12.68 | |||
| Support | S1 | 11.67 | -7.97% | |
| S2 | 11.61 | -8.44% | ||
| S3 | 11.55 | -8.91% |
AVVIY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 30, 2024 | $0.549 | 4.33% |
| 2 | Aug 16, 2023 | Aug 25, 2023 | Oct 12, 2023 | $0.263 | 2.57% |
| 3 | Jun 28, 2023 | Mar 30, 2023 | May 24, 2023 | $0.494 | 4.95% |
| 4 | Aug 17, 2022 | Aug 19, 2022 | May 24, 2023 | $0.252 | 2.53% |
| 5 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | $2.39 | 22.47% |
FAQ
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