AIB Group Plc Stock Forecast
AIB Group Plc stock upgraded to Buy Candidate.
(Updated on Apr 17, 2024)
The AIB Group Plc stock price gained 2.93% on the last trading day (Wednesday, 17th Apr 2024), rising from £409.00 to £421.00. During the last trading day the stock fluctuated 2.98% from a day low at £419.00 to a day high of £431.50. The price has risen in 5 of the last 10 days and is up by 0.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately £4.96 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.95% during the next 3 months and, with a 90% probability hold a price between £523.93 and £562.97 at the end of this 3-month period.
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AIBG.L Signals & Forecast
The AIB Group Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £417.00 and £397.75. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -1.06%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for AIB Group Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £338.50 and £337.00. 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, AIB Group Plc finds support just below today's level at £338.50. If this is broken, then the next support from accumulated volume will be at £337.00 and £334.50.
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 £12.50 between high and low, or 2.98%. For the last week, the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: £404.60 (-3.89%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (AIBG.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect AIB Group Plc to open at £423.83, and during the day (based on 14 day Average True Range), to move between £408.93 and £433.07, which gives a possible trading interval of +/-£12.07 (+/-2.87%) up or down from last closing price. If AIB Group Plc takes out the full calculated possible swing range there will be an estimated 5.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £421.50 (0.12%) than the support at £338.50 (19.60%), 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 AIB Group Plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AIB Group Plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.913 Buy Candidate Upgraded
Predicted Opening Price for AIB Group Plc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £423.83 ( 0.673%) | £421.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIBG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 436.33 | 3.64 % | |
| R2 | 431.56 | 2.51 % | ||
| R1 | 428.61 | 1.81 % | ||
| Current price: | 421.00 | |||
| Support | S1 | 419.06 | -0.461 % | |
| S2 | 416.11 | -1.16 % | ||
| S3 | 411.33 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 425.50 | 1.07 % | |
| R2 | 423.50 | 0.594 % | ||
| R1 | 421.50 | 0.119 % | ||
| Current price | 421.00 | |||
| Support | S1 | 338.50 | -19.60% | |
| S2 | 337.00 | -19.95% | ||
| S3 | 334.50 | -20.55% |
AIBG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | May 10, 2024 | £22.74 | 5.40% |
| 2 | Mar 08, 2023 | Mar 30, 2023 | May 12, 2023 | £6.20 | 1.86% |
| 3 | Mar 03, 2022 | Mar 31, 2022 | May 13, 2022 | £4.50 | 2.46% |
| 4 | Mar 06, 2020 | Mar 26, 2020 | May 07, 2020 | £8.00 | 9.21% |
| 5 | Mar 02, 2018 | Mar 21, 2019 | May 04, 2018 | £17.00 | 3.95% |
FAQ
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