Aviva Plc 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
Green day on Friday for Aviva Plc stock after gaining 1.01%
(Updated on May 31, 2024)
The Aviva Plc stock price gained 1.01% on the last trading day (Friday, 31st May 2024), rising from $12.34 to $12.46. During the last trading day the stock fluctuated 2.21% from a day low at $12.21 to a day high of $12.48. The price has fallen in 5 of the last 10 days and is down by -1.74% for this period. Volume fell on the last day by -12 thousand shares and in total, 33 thousand shares were bought and sold for approximately $407.50 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Aviva Plc stock with a 90% probability to be traded between $11.77 and $13.11 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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AVVIY Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -1.74%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. 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 $12.43 and $12.15. A breakdown below any of these levels will issue sell signals.
A sell signal from a double top formation was found on Friday, May 17, 2024 and based on theory for this formation the price should fall by -11.67% to $11.01 within 35 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for Aviva Plc stock
Aviva Plc finds support from accumulated volume at $12.29 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.270 between high and low, or 2.21%. For the last week the stock has had daily average volatility of 1.40%
Our recommended stop-loss: $11.98 (-3.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (AVVIY) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Aviva Plc to open at $12.38, and during the day (based on 14 day Average True Range), to move between $12.22 and $12.70, which gives a possible trading interval of +/-$0.237 (+/-1.90%) up or down from last closing price. If Aviva Plc takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.59 (1.04%) than the support at $12.29 (1.36%), 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 Aviva Plc 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 Aviva Plc stock to perform well in the short-term period.
Current score: 2.808 Buy Candidate Unchanged
Predicted Opening Price for Aviva Plc of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $12.38 ( 0.615%) | $12.46 |
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 | 12.65 | 1.55 % | |
| R2 | 12.55 | 0.724 % | ||
| R1 | 12.49 | 0.212 % | ||
| Current price: | 12.46 | |||
| Support | S1 | 12.28 | -1.44 % | |
| S2 | 12.22 | -1.95 % | ||
| S3 | 12.11 | -2.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.68 | 1.77 % | |
| R2 | 12.64 | 1.44 % | ||
| R1 | 12.59 | 1.04 % | ||
| Current price | 12.46 | |||
| Support | S1 | 12.29 | -1.36% | |
| S2 | 11.67 | -6.34% | ||
| S3 | 11.55 | -7.30% |
AVVIY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 30, 2024 | $0.549 | 4.45% |
| 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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