RSI low/high Values: [ 25 - 75 ]
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AI Analysis of BIRG.L
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Bank of Ireland Group Plc stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 01, 2024 Gain 8.09% PDF

The Bank of Ireland Group Plc stock price fell by -2.75% on the last day (Wednesday, 27th Mar 2024) from £9.27 to £9.02. During the last trading day the stock fluctuated 6.57% from a day low at £8.58 to a day high of £9.14. The price has fallen in 5 of the last 10 days but is still up by 2.97% over the past 2 weeks. Volume has increased on the last day by 321 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 321 thousand shares were bought and sold for approximately £2.89 million.

The stock lies in the middle of a wide and weak 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 7.84% during the next 3 months and, with a 90% probability hold a price between £8.80 and £10.07 at the end of this 3-month period.

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BIRG.L Signals & Forecast

The Bank of Ireland Group Plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £9.08. On a fall, the stock will find some support from the long-term average at approximately £8.58. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, March 26, 2024, and so far it has fallen -2.75%. Further fall is indicated 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.

Support, Risk & Stop-loss for Bank of Ireland Group Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £8.38 and £8.27. 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, Bank of Ireland Group Plc finds support just below today's level at £8.38. If this is broken, then the next support from accumulated volume will be at £8.27 and £7.92.

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 £0.563 between high and low, or 6.57%. For the last week, the stock has had daily average volatility of 3.85%.

Our recommended stop-loss: £8.66 (-3.89%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (BIRG.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Bank of Ireland Group Plc to open at £8.91, and during the day (based on 14 day Average True Range), to move between £8.67 and £9.36, which gives a possible trading interval of +/-£0.348 (+/-3.86%) up or down from last closing price. If Bank of Ireland Group Plc takes out the full calculated possible swing range there will be an estimated 7.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £9.09 (0.83%) than the support at £8.38 (7.10%), 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 Bank of Ireland Group Plc stock A Buy?

Bank of Ireland Group Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Bank of Ireland Group Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£8.91 ( 1.17%) £9.02

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BIRG.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.47 5.07 %
R2 9.26 2.69 %
R1 9.12 1.21 %
Current price: 9.02
Support S1 8.69 -3.56 %
S2 8.56 -5.03 %
S3 8.35 -7.42 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9.27 2.83 %
R2 9.15 1.50 %
R1 9.09 0.83 %
Current price 9.02
Support S1 8.38 -7.10%
S2 8.27 -8.32%
S3 7.92 -12.15%

BIRG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 09, 2024 May 09, 2024 Jun 11, 2024 £0.600 6.65%
2 Mar 07, 2023 May 11, 2023 Jun 13, 2023 £0.210 2.29%
3 Feb 28, 2022 May 12, 2022 Jun 14, 2022 £0.0500 0.83%
4 Feb 24, 2020 May 07, 2020 Jun 09, 2020 £0.175 9.31%
5 Feb 25, 2019 May 09, 2019 Jun 10, 2019 £0.160 3.30%

FAQ

What is the symbol for Bank of Ireland Group Plc Stock and on which exchange is it traded?
The symbol for Bank of Ireland Group Plc is BIRG.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Bank of Ireland Group Plc Stock?
Bank of Ireland Group Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Bank of Ireland Group Plc Stock?
Bank of Ireland Group Plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bank of Ireland Group Plc Stock.

What's the current price of Bank of Ireland Group Plc Stock?
As of the end of day on the 2024-03-27, the price of an Bank of Ireland Group Plc (BIRG.L) share was £9.02.

What is the 52-week high and low for Bank of Ireland Group Plc Stock?
The 52-week high for Bank of Ireland Group Plc Stock is £10.20 and the 52-week low is £7.74.

What is the market capitalization of Bank of Ireland Group Plc Stock?
As of the 2024-03-27, the market capitalization of Bank of Ireland Group Plc is 9.441B.
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About Bank of Ireland Group Plc

Bank of Ireland Group Plc Bank of Ireland Group plc provides various banking and financial products and services. The company operates through Retail Ireland, Wealth and Insurance, Retail UK, and Corporate and Treasury segments. It provides current and savings accounts, and business deposits and accounts; personal, car, home improvement, graduate, and student loans, as well as overdrafts; and business and farming loans, BREXIT loans, invoice finance, hire purchase, and le... BIRG.L Profile

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