Intercontinental Hotels Group plc Stock Forecast
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:
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
Intercontinental Hotels Group plc stock price ended at £7,838.00 on Thursday, after gaining 0.565%.
(Updated on Apr 18, 2024)
The Intercontinental Hotels Group plc stock price gained 0.565% on the last trading day (Thursday, 18th Apr 2024), rising from £7,794.00 to £7,838.00. During the last trading day the stock fluctuated 1.65% from a day low at £7,756.00 to a day high of £7,884.00. The price has been going up and down for this period, and there has been a -1.46% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 109 thousand more shares were traded than the day before. In total, 400 thousand shares were bought and sold for approximately £3.14 billion.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £7,783.51 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 6.36% during the next 3 months and, with a 90% probability hold a price between £8,278.79 and £9,653.54 at the end of this 3-month period.
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IHG.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.93%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Intercontinental Hotels Group plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £7,838.29 and £8,118.51. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Intercontinental Hotels Group plc stock
Intercontinental Hotels Group plc finds support from accumulated volume at £7,734.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £128.00 (1.65%) between high and low. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IHG.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Intercontinental Hotels Group plc to open at £7,826.00, and during the day (based on 14 day Average True Range), to move between £7,688.40 and £7,987.60, which gives a possible trading interval of +/-£149.60 (+/-1.91%) 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 3.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £7,900.00 (0.79%) than the support at £7,734.00 (1.33%), 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?
The Intercontinental Hotels Group plc stock holds several negative signals and despite the positive trend, we believe Intercontinental Hotels Group plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.340 Sell Candidate Unchanged
Predicted Opening Price for Intercontinental Hotels Group plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £7,826.00 ( 0.153%) | £7,838.00 |
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 | 7,954.00 | 1.48 % | |
| R2 | 7,905.10 | 0.86 % | ||
| R1 | 7,874.90 | 0.471 % | ||
| Current price: | 7,838.00 | |||
| Support | S1 | 7,777.10 | -0.777 % | |
| S2 | 7,746.90 | -1.16 % | ||
| S3 | 7,698.00 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,380.00 | 6.92 % | |
| R2 | 8,064.00 | 2.88 % | ||
| R1 | 7,900.00 | 0.791 % | ||
| Current price | 7,838.00 | |||
| Support | S1 | 7,734.00 | -1.33% | |
| S2 | 7,488.00 | -4.47% | ||
| S3 | 7,422.00 | -5.31% |
IHG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | May 14, 2024 | £82.14 | 1.05% |
| 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
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