AIA Group Ltd Stock Forecast

Weaker technical forecast for AIA Group Ltd as stock downgraded to Sell Candidate.
(Updated on Apr 25, 2024)

AAGIY Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 12.82%. 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 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. The AIA Group Ltd 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 $27.56. On a fall, the stock will find some support from the short-term average at $24.84. 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 AIA Group Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at $24.32 and $23.84. 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, AIA Group Ltd finds support just below today's level at $24.32. If this is broken, then the next support from accumulated volume will be at $23.84 and $23.33.

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 $0.550 between high and low, or 2.13%. For the last week, the stock has had daily average volatility of 2.02%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AAGIY) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect AIA Group Ltd to open at $26.19, and during the day (based on 14 day Average True Range), to move between $25.58 and $27.06, which gives a possible trading interval of +/-$0.740 (+/-2.81%) up or down from last closing price. If AIA Group Ltd takes out the full calculated possible swing range there will be an estimated 5.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $27.51 (4.52%) than the support at $24.32 (7.60%), 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 AIA Group Ltd stock A Buy?

AIA Group Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.352 Sell Candidate Downgraded

Predicted Opening Price for AIA Group Ltd of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.