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 IHG.L
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Weaker technical forecast for Intercontinental Hotels Group plc as stock downgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 22, 2024 Gain 1.84% PDF

The Intercontinental Hotels Group plc stock price fell by -0.336% on the last day (Wednesday, 27th Mar 2024) from £8,336.00 to £8,308.00. During the last trading day the stock fluctuated 1.29% from a day low at £8,230.00 to a day high of £8,336.00. The price has been going up and down for this period, and there has been a 1.1% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -191 thousand shares and in total, 271 thousand shares were bought and sold for approximately £2.25 billion.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £8,174.30 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.10% during the next 3 months and, with a 90% probability hold a price between £9,735.26 and £11,071.37 at the end of this 3-month period.

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IHG.L Signals & Forecast

The Intercontinental Hotels Group plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £8,171.71 and £8,176.17. A breakdown 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 sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -5.07%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Intercontinental Hotels Group plc stock

Intercontinental Hotels Group plc finds support from accumulated volume at £8,064.00 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 £106.00 between high and low, or 1.29%. For the last week the stock has had daily average volatility of 1.58%.

Our recommended stop-loss: £7,948.73 (-4.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Intercontinental Hotels Group plc to open at £8,291.33, and during the day (based on 14 day Average True Range), to move between £8,165.46 and £8,450.54, which gives a possible trading interval of +/-£142.54 (+/-1.72%) up or down from last closing price. If Intercontinental Hotels Group plc takes out the full calculated possible swing range there will be an estimated 3.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £8,324.00 (0.19%) than the support at £8,064.00 (2.94%), 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 Intercontinental Hotels Group plc stock A Buy?

Intercontinental Hotels Group plc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.317 Hold/Accumulate Downgraded

Predicted Opening Price for Intercontinental Hotels Group plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£8,291.33 ( 0.201%) £8,308.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for IHG.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8,397.33 1.08 %
R2 8,356.84 0.588 %
R1 8,331.83 0.287 %
Current price: 8,308.00
Support S1 8,250.84 -0.688 %
S2 8,225.83 -0.99 %
S3 8,185.33 -1.48 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8,380.00 0.87 %
R2 8,334.00 0.313 %
R1 8,324.00 0.193 %
Current price 8,308.00
Support S1 8,064.00 -2.94%
S2 7,422.00 -10.66%
S3 7,064.00 -14.97%

IHG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 04, 2024 Apr 04, 2024 May 14, 2024 £82.14 0.99%
2 Feb 21, 2023 Mar 30, 2023 May 16, 2023 £76.08 1.42%
3 Aug 09, 2022 Sep 01, 2022 Oct 06, 2022 £37.80 0.85%
4 Feb 22, 2022 Mar 31, 2022 May 17, 2022 £67.50 1.40%
5 Feb 18, 2020 Apr 02, 2020 May 14, 2020 £85.90 2.72%

FAQ

What is the symbol for Intercontinental Hotels Group plc Stock and on which exchange is it traded?
The symbol for Intercontinental Hotels Group plc is IHG.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Intercontinental Hotels Group plc Stock?
Intercontinental Hotels Group plc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

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

What's the current price of Intercontinental Hotels Group plc Stock?
As of the end of day on the 2024-03-27, the price of an Intercontinental Hotels Group plc (IHG.L) share was £8,308.00.

What is the 52-week high and low for Intercontinental Hotels Group plc Stock?
The 52-week high for Intercontinental Hotels Group plc Stock is £8,790.00 and the 52-week low is £5,116.00.

What is the market capitalization of Intercontinental Hotels Group plc Stock?
As of the 2024-03-27, the market capitalization of Intercontinental Hotels Group plc is 13.598B.

When is the next earnings date for Intercontinental Hotels Group plc?
The upcoming earnings date for Intercontinental Hotels Group plc is Aug 06, 2024.
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About Intercontinental Hotels Group plc

Intercontinental Hotels Group plc InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Sui... IHG.L Profile

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