AIB Group Plc Forecast and Stock Analysis
Technical AIBG.L stock analysis for March 22, 2019.
AIB Group Plc fell by -2.77% in the last day from 3.86€ to 3.76€ and has now fallen 4 days in a row. The price has been going up and down for this period, and there has been a -2.47% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -706 521 shares and in total 350 335 shares bought and sold for approximately 1.32€ million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the AIBG.L stock was 3.76€. This is 2.77% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 3.80% from a day low at 3.74€ to a day high of 3.88€.
30 day high of the AIBG.L stock price was 4.26€ and low was 3.74€.
90 day high was 4.26€ and low was 3.54€.
52 week high for the AIB Group Plc - 5.30€ and low - 3.48€.
AIB Group Plc has broken the wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at 3.91€. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. AIB Group Plc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at 4.04€ and 3.96€. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday March 19, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 34 and the stock is currently not being overbought or oversold
Support & Resistance
AIB Group Plc finds support from accumulated volume at 3.75€.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Sell Candidate
The AIB Group Plc stock holds several negative signals and despite the positive trend we believe AIB Group Plc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.