Intercontinental Hotels Group 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 Intercontinental Hotels Group plc
(Updated on Apr 26, 2024)
The Intercontinental Hotels Group plc stock price gained 0.400% on the last trading day (Friday, 26th Apr 2024), rising from £8,002.00 to £8,034.00. During the last trading day the stock fluctuated 1.48% from a day low at £7,986.00 to a day high of £8,104.00. The price has risen in 7 of the last 10 days and is up by 2.95% over the past 2 weeks. Volume fell on the last day by -44 thousand shares and in total, 258 thousand shares were bought and sold for approximately £2.07 billion. 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 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 2.64% during the next 3 months and, with a 90% probability hold a price between £8,001.39 and £9,146.24 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IHG.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.45%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Intercontinental Hotels Group plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £8,048.86. On a fall, the stock will find some support from the short-term average at £7,955.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Intercontinental Hotels Group plc stock
Intercontinental Hotels Group plc finds support from accumulated volume at £7,968.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £118.00 (1.48%) between high and low. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: £7,663.49 (-4.61%) (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 (IHG.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Intercontinental Hotels Group plc to open at £8,041.33, and during the day (based on 14 day Average True Range), to move between £7,879.92 and £8,188.08, which gives a possible trading interval of +/-£154.08 (+/-1.92%) up or down from last closing price. If Intercontinental Hotels Group plc takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £8,064.00 (0.37%) than the support at £7,968.00 (0.82%), 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
Intercontinental Hotels Group plc will release earnings BMO on Friday, May 03, 2024. We will update the financials statements for Intercontinental Hotels Group plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.97% in the first trading day after earnings release.
Is Intercontinental Hotels 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 Intercontinental Hotels Group plc stock to perform well in the short-term.
Current score: 1.018 Buy Candidate Unchanged
Predicted Opening Price for Intercontinental Hotels Group plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £8,041.33 ( 0.0913%) | £8,034.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,159.33 | 1.56 % | |
| R2 | 8,114.26 | 1.00 % | ||
| R1 | 8,086.41 | 0.652 % | ||
| Current price: | 8,034.00 | |||
| Support | S1 | 7,996.26 | -0.470 % | |
| S2 | 7,968.41 | -0.82 % | ||
| S3 | 7,923.33 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,380.00 | 4.31 % | |
| R2 | 8,324.00 | 3.61 % | ||
| R1 | 8,064.00 | 0.373 % | ||
| Current price | 8,034.00 | |||
| Support | S1 | 7,968.00 | -0.82% | |
| S2 | 7,900.00 | -1.67% | ||
| S3 | 7,890.00 | -1.79% |
IHG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | May 14, 2024 | £82.14 | 1.02% |
| 2 | Feb 21, 2023 | Mar 30, 2023 | May 16, 2023 | £76.08 | 1.42% |
| 3 | Aug 09, 2022 | Sep 01, 2022 | Oct 06, 2022 | £37.80 | 0.85% |
| 4 | Feb 22, 2022 | Mar 31, 2022 | May 17, 2022 | £67.50 | 1.40% |
| 5 | Feb 18, 2020 | Apr 02, 2020 | May 14, 2020 | £85.90 | 2.72% |
FAQ
Click here for our free guide on how to buy Intercontinental Hotels Group plc Stock.
