Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IGG.L
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Stronger technical forecast for IG Group Hldgs stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

No changes to the price of IG Group Hldgs stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at £726.50 to a day high of £726.50. The price has risen in 6 of the last 10 days and is up by 2.98% over the past 2 weeks.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £736.38 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.84% during the next 3 months and, with a 90% probability hold a price between £599.31 and £686.00 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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IGG.L Signals & Forecast

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 £727.21. On a fall, the stock will find some support from the long-term average at approximately £708.30. 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. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 0.90%. Further rise is indicated until a new top pivot has been found. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.46%

Our recommended stop-loss: £687.31 (-5.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect IG Group Hldgs to open at £726.50, and during the day (based on 14 day Average True Range), to move between £713.87 and £739.13, which gives a possible trading interval of +/-£12.63 (+/-1.74%) up or down from last closing price. If IG Group Hldgs takes out the full calculated possible swing range there will be an estimated 3.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £727.00 (0.07%) than the support at £716.00 (1.45%), 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 IG Group Hldgs stock A Buy?

IG Group Hldgs 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.077 Hold/Accumulate Upgraded

Predicted Opening Price for IG Group Hldgs of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£726.50 ( 0%) £726.50

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 726.50 .
R2 726.50 .
R1 726.50 .
Current price: 726.50
Support S1 726.50 .
S2 726.50 .
S3 726.50 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 767.00 5.57 %
R2 732.00 0.757 %
R1 727.00 0.0688 %
Current price 726.50
Support S1 716.00 -1.45%
S2 701.50 -3.44%
S3 684.00 -5.85%

IGG Dividend Payout History


# Declaration Date 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

What is the symbol for IG Group Hldgs Stock and on which exchange is it traded?
The symbol for IG Group Hldgs is IGG.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell IG Group Hldgs Stock?
IG Group Hldgs 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of IG Group Hldgs Stock?
As of the end of day on the 2024-03-27, the price of an IG Group Hldgs (IGG.L) share was £726.50.

What is the 52-week high and low for IG Group Hldgs Stock?
The 52-week high for IG Group Hldgs Stock is £785.00 and the 52-week low is £600.50.

What is the market capitalization of IG Group Hldgs Stock?
As of the 2024-03-27, the market capitalization of IG Group Hldgs is 2.721B.

When is the next earnings date for IG Group Hldgs?
The upcoming earnings date for IG Group Hldgs is Jul 18, 2024.
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About IG Group Hldgs

IG Group Hldgs IG Group Holdings plc engages in the online trading business worldwide. The company offers Over-the-counter (OTC) leveraged derivatives, which include CFD (contracts for difference) that enable clients to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits and a limited risk account; and spread bets and options. It also provides exchang... IGG.L Profile

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