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Stronger Sell Today BIRG.L ranks #6222 as SELL CANDIDATE #6222 Weaker Sell

BIRG.L stock forecast Bank of Ireland Group Plc

BIRG.L stock forecast

VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will BIRG.L stock price go up or down on Wed, 26 Jun 2019?

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Bank of Ireland Group Plc Forecast and Stock Analysis

Technical BIRG.L stock analysis for Monday June 24, 2019.

Sell candidate since 2019-05-22 Loss -13.45%


Bank of Ireland Group Plc fell by -2.46% in the last day ( Monday, 24th Jun 2019 ) from 4.55€ to 4.44€ and has now fallen 5 days in a row. During day the stock fluctuated 3.18% from a day low at 4.40€ to a day high of 4.54€. The price has fallen in 9 of the last 10 days and is down by -8.49% for this period. Volume has increased in the last day by 2.11 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 2.54 million shares bought and sold for approximately 11.27€ million.

Quick summary:

  • 30 day high of the BIRG.L stock price was 5.01€ and low was 4.40€.
  • 90 day high was 6.06€ and low was 4.40€.
  • 52 week high for the Bank of Ireland Group Plc - 7.63€ and low - 4.40€.

Trend

Bank of Ireland Group Plc lies in the lower of a 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 4.38€ will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.40% during the next 3 months and, with 90% probability hold a price between 3.53€ and 4.14€ at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Bank of Ireland 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 4.61€ and 4.96€. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday June 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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A buy signal from a double bottom formation was found on Monday June 17, 2019 and based on theory for this formation the price should go up by 0.23% to 4.85€ within 7 trading days since signal was issued (Wednesday June 26, 2019).

Relative Strength Index (RSI)

RSI14 is 34 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

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.

Price: 4.44€ Resistance: 4.63€

Risk

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 0.14€ (3.18%) between high and low. For the last week, the stock has had a daily average volatility of 3.85%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

3.85 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Bank of Ireland 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.

Strong Sell Candidate Upgraded
Stronger Sell Today BIRG.L ranks #6222 as SELL CANDIDATE #6222 Weaker Sell

Will BIRG.L stock price go up or down on Wed, 26 Jun 2019?

Predict

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