AIA Group Ltd 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
AIA Group Ltd stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)
The AIA Group Ltd stock price fell by -2.07% on the last day (Wednesday, 27th Mar 2024) from $27.51 to $26.94. It has now fallen 10 days in a row. During the last trading day the stock fluctuated 1.87% from a day low at $26.77 to a day high of $27.27. The price has fallen in 10 of the last 10 days and is down by -18.36% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 566 thousand shares were bought and sold for approximately $15.24 million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($28.00) are considered to be a "second chance" to get out. According to the fan-theory $23.80 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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AAGIY Signals & Forecast
There are few to no technical positive signals at the moment. The AIA Group Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.30 and $31.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 21, 2024, and so far it has fallen -19.49%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for AIA Group Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.500 between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 1.83%.
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 Thursday 28th
For the upcoming trading day on Thursday, 28th we expect AIA Group Ltd to open at $26.99, and during the day (based on 14 day Average True Range), to move between $26.12 and $27.76, which gives a possible trading interval of +/-$0.82 (+/-3.05%) up or down from last closing price. If AIA Group Ltd takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $27.51, some $0.570 (2.12%) from the current price of $26.94, our system finds the risk reward not very attractive.
Is AIA Group Ltd stock A Buy?
AIA Group Ltd holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.503 Sell Candidate Upgraded
Predicted Opening Price for AIA Group Ltd of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$26.99 ( 0.198%) | $26.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAGIY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.49 | 2.05 % | |
R2 | 27.30 | 1.34 % | ||
R1 | 27.18 | 0.91 % | ||
Current price: | 26.94 | |||
Support | S1 | 26.80 | -0.511 % | |
S2 | 26.68 | -0.95 % | ||
S3 | 26.49 | -1.66 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.05 | 18.97 % | |
R2 | 30.71 | 13.99 % | ||
R1 | 27.51 | 2.12 % | ||
Current price | 26.94 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
AAGIY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | May 30, 2024 | Jun 24, 2024 | $0.579 | 2.15% |
2 | May 29, 2024 | May 29, 2024 | Jun 24, 2024 | $0.579 | 2.15% |
3 | Sep 07, 2023 | Sep 07, 2023 | Oct 06, 2023 | $0.190 | 0.548% |
4 | May 22, 2023 | May 22, 2023 | Jun 20, 2023 | $0.578 | 1.41% |
5 | Sep 09, 2022 | Sep 09, 2022 | Oct 11, 2022 | $0.205 | 0.602% |
FAQ
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