Intercontinental Hotels Group plc Stock Analysis
Technical stock analysis for 22 January 2019
|Shorts||2.99% ( 2018-12-31 )|
No changes to the price of Intercontinental Hotels Group plc in the last trading day. The price has been going up and down for this period, and there has been a 3.85% gain for the last 2 weeks.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the IHG.L stock was £4 438.50.
During day the stock fluctuated 0.00% from a day low at £4 438.50 to a day high of £4 438.50.
30 day high of the IHG.L stock price was £4 488.00 and low was £3 984.00.
90 day high was £4 488.00 and low was £3 850.00.
52 week high for the Intercontinental Hotels Group plc - £5 050.00 and low - £3 850.00.
Intercontinental Hotels Group plc lies in the upper part of a weak rising trend in the short term, and this will 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 £4 464.52 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 6.05% during the next 3 months and, with 90% probability hold a price between £4 345.63 and £4 734.62 at the end of this period.
Intercontinental Hotels Group plc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £4 384.43 and £4 210.86. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday January 21, 2019, which indicates further falls until a new bottom pivot has been found. 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.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Intercontinental Hotels Group plc finds support from accumulated volume at £4 262.00.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 1.27%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: £4.00 (-3.48%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)
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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.