AIBG.L Forecast and Technical Stock Analysis
Sell candidate since 2019-07-26 Loss -28.77%
AIB Group Plc gained 5.49% in the last trading day ( Friday, 16th Aug 2019 ), rising from 2.37€ to 2.50€ During the day the stock fluctuated 10.57% from a day low at 2.27€ to a day high of 2.51€. The price has fallen in 8 of the last 10 days and is down by -15.54% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 271 036 more shares were traded than the day before. In total, 339 851 shares bought and sold for approximately 849 628.00€.
- 30 day high of the AIBG.L stock price was 3.71€ and low was 2.27€.
- 90 day high was 4.10€ and low was 2.27€.
- 52 week high for AIB Group Plc - 4.97€ and low - 2.27€.
AIB Group Plc lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at 2.35€ will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -25.09% during the next 3 months and, with 90% probability hold a price between 1.76€ and 2.52€ at the end of this period.
There are mixed signals in the stock today. AIB Group Plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 2.56€ and 3.26€. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. AIB Group Plc has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 30 - 70 ]
RSI14 is 14 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
AIB Group Plc finds support from accumulated volume at 2.39€.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.24€ between high and low, or 10.57%. For the last week, the stock has had a daily average volatility of 5.86%.
AIB Group Plc is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buying opportunity.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
5.86 %Average volatility
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!