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 IWG.L
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IWG plc stock price ended at £195.50 on Wednesday, after gaining 0.411%.
(Updated on Mar 27, 2024)

Buy candidate since Mar 21, 2024 Gain 2.68% PDF

The IWG plc stock price gained 0.411% on the last trading day (Wednesday, 27th Mar 2024), rising from £194.70 to £195.50. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.75% from a day low at £192.70 to a day high of £198.00. The price has risen in 7 of the last 10 days and is up by 7.83% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately £875.93 million.

The stock lies in the middle of a wide and weak 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 4.93% during the next 3 months and, with a 90% probability hold a price between £189.19 and £214.97 at the end of this 3-month period.

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IWG.L Signals & Forecast

Mostly positive signals in the chart today. The IWG plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 £190.21 and £189.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 9.83%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for IWG plc stock

IWG plc finds support from accumulated volume at £187.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £5.30 between high and low, or 2.75%. For the last week, the stock has had daily average volatility of 2.28%.

Since the IWG plc has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: £186.98 (-4.36%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect IWG plc to open at £195.40, and during the day (based on 14 day Average True Range), to move between £190.75 and £200.25, which gives a possible trading interval of +/-£4.75 (+/-2.43%) up or down from last closing price. If IWG plc takes out the full calculated possible swing range there will be an estimated 4.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £195.70 (0.10%) than the support at £187.90 (3.89%), 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 IWG plc stock A Buy?

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 IWG plc stock to perform well in the short-term.

Current score: 4.528 Buy Candidate Unchanged

Predicted Opening Price for IWG plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£195.40 ( 0.0518%) £195.50

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

Trading levels for IWG.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 200.70 2.66 %
R2 198.68 1.62 %
R1 197.42 0.98 %
Current price: 195.50
Support S1 193.37 -1.09 %
S2 192.12 -1.73 %
S3 190.09 -2.76 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 200.80 2.71 %
R2 197.60 1.07 %
R1 195.70 0.102 %
Current price 195.50
Support S1 187.90 -3.89%
S2 184.70 -5.52%
S3 175.00 -10.49%

IWG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 02, 2024 May 02, 2024 May 31, 2024 £1.00 0.512%
2 Mar 03, 2020 Apr 23, 2020 May 22, 2020 £4.80 2.22%
3 Aug 06, 2019 Sep 05, 2019 Oct 04, 2019 £2.15 0.533%
4 Mar 06, 2019 Apr 25, 2019 May 24, 2019 £4.35 1.31%
5 Aug 06, 2018 Sep 06, 2018 Oct 05, 2018 £1.95 0.86%

FAQ

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

Should I buy or sell IWG plc Stock?
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 IWG plc stock to perform well in the short-term.

How to buy IWG plc Stock?
IWG 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 IWG plc Stock.

What's the current price of IWG plc Stock?
As of the end of day on the 2024-03-27, the price of an IWG plc (IWG.L) share was £195.50.

What is the 52-week high and low for IWG plc Stock?
The 52-week high for IWG plc Stock is £202.80 and the 52-week low is £122.50.

What is the market capitalization of IWG plc Stock?
As of the 2024-03-27, the market capitalization of IWG plc is 1.946B.

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

IWG plc IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, the United Kingdom, and internationally. The company offers coworking and collaboration spaces; flexible and scalable spaces; work and community spaces; private, professional, and memberships workspaces; virtual offices, meeting rooms, and lounges; and reception services and conference products. It provides its... IWG.L Profile

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