IWG.L Forecast and Technical Stock Analysis
Buy candidate since 2019-08-14 Loss -1.93%
IWG plc gained 0.25% in the last trading day ( Friday, 23rd Aug 2019 ), rising from £4.06 to £4.07 During the day the stock fluctuated 2.47% from a day low at £4.05 to a day high of £4.15. The price has fallen in 5 of the last 10 days and is down by -2.4% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2.11 million more shares were traded than the day before. In total, 3.28 million shares bought and sold for approximately £13.35 million.
- 30 day high of the IWG.L stock price was £4.24 and low was £3.57.
- 90 day high was £4.24 and low was £3.24.
- 52 week high for IWG plc - £239.60 and low - £1.99.
IWG plc lies in the middle of a wide and 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 24.81% during the next 3 months and, with 90% probability hold a price between £4.72 and £5.35 at the end of this period.
Only positive signals in the chart today. IWG 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 £4.09. On a fall, the stock will find some support from the long-term average at approximately £3.80. 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. A buy signal was issued from a pivot bottom point on Tuesday August 20, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
* 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)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 76 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £3.78 and £3.41.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, IWG plc finds support just below today's level at £3.78. If this is broken, then the next support from accumulated volume will be at £3.41 and £3.36.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.10 between high and low, or 2.47%. For the last week, the stock has had a daily average volatility of 2.47%.
Our recommended stop-loss: £3.83 (-5.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
2.47 %Average volatility
Very Low Low Medium High Very High
IWG plc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!