IG Group Hldgs Stock Forecast
IG Group Hldgs stock upgraded to Buy Candidate.
(Updated on Apr 18, 2024)
The IG Group Hldgs stock price gained 0.0694% on the last trading day (Thursday, 18th Apr 2024), rising from £720.50 to £721.00. During the last trading day the stock fluctuated 1.61% from a day low at £717.00 to a day high of £728.52. The price has fallen in 6 of the last 10 days and is down by -0.35% for this period. Volume fell on the last day by -636 thousand shares and in total, 1 million shares were bought and sold for approximately £744.86 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 2.41% during the next 3 months and, with a 90% probability hold a price between £702.54 and £759.27 at the end of this 3-month period.
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IGG.L Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -2.57%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. The IG Group Hldgs 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 £730.29. On a fall, the stock will find some support from the long-term average at approximately £720.89. 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. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for IG Group Hldgs stock
IG Group Hldgs finds support from accumulated volume at £716.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £11.52 between high and low, or 1.61%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: £689.63 (-4.35%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (IGG.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect IG Group Hldgs to open at £722.17, and during the day (based on 14 day Average True Range), to move between £708.92 and £733.08, which gives a possible trading interval of +/-£12.08 (+/-1.68%) up or down from last closing price. If IG Group Hldgs takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £716.00 (0.69%) than the resistance at £727.00 (0.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IG Group Hldgs stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.967 Buy Candidate Upgraded
Predicted Opening Price for IG Group Hldgs of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £722.17 ( 0.163%) | £721.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IGG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 733.69 | 1.76 % | |
| R2 | 729.29 | 1.15 % | ||
| R1 | 726.57 | 0.773 % | ||
| Current price: | 721.00 | |||
| Support | S1 | 717.77 | -0.448 % | |
| S2 | 715.05 | -0.82 % | ||
| S3 | 710.65 | -1.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 732.00 | 1.53 % | |
| R2 | 730.00 | 1.25 % | ||
| R1 | 727.00 | 0.83 % | ||
| Current price | 721.00 | |||
| Support | S1 | 716.00 | -0.693% | |
| S2 | 701.50 | -2.70% | ||
| S3 | 684.00 | -5.13% |
IGG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 01, 2024 | Mar 01, 2024 | £13.56 | 1.91% |
| 2 | Jan 26, 2023 | Feb 02, 2023 | Mar 03, 2023 | £13.26 | 1.64% |
| 3 | Jul 21, 2022 | Sep 22, 2022 | Oct 20, 2022 | £31.24 | 4.17% |
| 4 | Jan 27, 2022 | Feb 03, 2022 | Mar 04, 2022 | £12.96 | 1.79% |
| 5 | Jan 27, 2022 | Feb 02, 2022 | Mar 04, 2022 | £12.96 | 1.79% |
FAQ
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