AIB Group Plc Forecast and Stock Analysis
Technical AIBG.L stock analysis for Wednesday June 19, 2019.
AIB Group Plc gained 1.12% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from 3.56€ to 3.60€ During day the stock fluctuated 1.00% from a day low at 3.59€ to a day high of 3.62€. The price has fallen in 5 of the last 10 days and is down by -3.07% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 375 535 more shares were traded than the day before. In total, 786 499 shares bought and sold for approximately 2.83€ million.
- 30 day high of the AIBG.L stock price was 4.10€ and low was 3.50€.
- 90 day high was 4.31€ and low was 3.50€.
- 52 week high for the AIB Group Plc - 5.11€ and low - 3.48€.
AIB Group Plc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.72% during the next 3 months and, with 90% probability hold a price between 2.94€ and 3.56€ at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday June 18, 2019, which indicates further gains until a new top pivot has been found. 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. 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 3.62€ and 3.85€. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 35 and the stock is currently not being overbought or oversold
Support & Resistance
AIB Group Plc finds support from accumulated volume at 3.59€.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved 0.04€ (1.00%) between high and low. For the last week, the stock has had a daily average volatility of 2.05%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.05 %Average volatility
Very Low Low Medium High Very High
AIB Group Plc 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 recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
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