Intercontinental Hotels Group plc Forecast and Stock Analysis
Technical IHG.L stock analysis for Tuesday June 25, 2019.
Intercontinental Hotels Group plc fell by -0.27% in the last day ( Tuesday, 25th Jun 2019 ) from £5 223.00 to £5 209.00 During day the stock fluctuated 2.03% from a day low at £5 135.00 to a day high of £5 239.00. The price has fallen in 5 of the last 10 days , but is still up by 0.37% over the past 2 weeks. Volume has increased in the last day by 47 884 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, 447 290 shares bought and sold for approximately £2 329.93 million.
- 30 day high of the IHG.L stock price was £5 312.00 and low was £4 950.50.
- 90 day high was £5 312.00 and low was £4 500.00.
- 52 week high for the Intercontinental Hotels Group plc - £5 312.00 and low - £43.88.
Intercontinental Hotels Group plc lies in the middle of a strong 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 12.4% during the next 3 months and, with 90% probability hold a price between £5 757.17 and £6 089.44 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Monday June 24, 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. Intercontinental Hotels Group plc holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately £5 217.14. On a fall, the stock will find some support from the long-term average at approximately £5 090.44. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
Intercontinental Hotels Group plc finds support from accumulated volume at £5 140.00.
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 £104.00 (2.03%) between high and low. For the last week, the stock has had a daily average volatility of 1.93%.
Our recommended stoploss: £5 054.20 (-2.97%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
1.93 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.
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