IG Group Hldgs Forecast and Stock Analysis
Technical IGG.L stock analysis for February 15, 2019.
IG Group Hldgs fell by -0.33% in the last day from £598.00 to £596.00 The price has fallen in 7 of the last 10 days and is down by -6.14% for this period. Volume has increased in the last day by 0.62 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, 1.57 million shares bought and sold for approximately £937.17 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the IGG.L stock was £596.00. This is 0.33% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.57% from a day low at £584.50 to a day high of £599.50.
30 day high of the IGG.L stock price was £653.00 and low was £565.50.
90 day high was £653.00 and low was £524.50.
52 week high for the IG Group Hldgs - £956.50 and low - £524.50.
Trend
IG Group Hldgs 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 5.99% during the next 3 months and, with 90% probability hold a price between £593.59 and £715.38 at the end of this period.
Signals
A buy signal was issued from a pivot bottom point on Tuesday February 12, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. IG Group Hldgs 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 £602.64 and £615.49. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 42 and the stock is currently not being overbought or oversold
Support & Resistance
IG Group Hldgs finds support from accumulated volume at £590.50.
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 £15.00 (2.57%) between high and low. For the last week, the stock has had a daily average volatility of 3.04%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Overall risk:
Very Low Low Medium High Very High
Evaluation: Sell Candidate
The IG Group Hldgs stock holds several negative signals and despite the positive trend we believe IG Group Hldgs will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
