IWG 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
Evaluation of IWG plc stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The IWG plc stock price fell by -1.08% on the last day (Wednesday, 24th Apr 2024) from £185.50 to £183.50. During the last trading day the stock fluctuated 1.65% from a day low at £182.30 to a day high of £185.30. The price has risen in 6 of the last 10 days but is still down by -0.54% for this period. 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 -368 thousand shares and in total, 792 thousand shares were bought and sold for approximately £145.26 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.90% during the next 3 months and, with a 90% probability hold a price between £166.99 and £188.17 at the end of this 3-month period.
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IWG.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 2.86%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The IWG plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £184.82. On a fall, the stock will find some support from the short-term average at £182.70. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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.
A buy signal from a double bottom formation was found on Friday, April 12, 2024 and based on theory for this formation the price should go up by 11.91% to £205.36 within 25 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for IWG plc stock
IWG plc finds support from accumulated volume at £182.30 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 £3.00 between high and low, or 1.65%. For the last week, the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IWG.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect IWG plc to open at £183.70, and during the day (based on 14 day Average True Range), to move between £178.79 and £188.21, which gives a possible trading interval of +/-£4.71 (+/-2.57%) up or down from last closing price. If IWG plc takes out the full calculated possible swing range there will be an estimated 5.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £184.70 (0.65%) than the support at £182.30 (0.65%), 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?
IWG plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.190 Sell Candidate Downgraded
Predicted Opening Price for IWG plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £183.70 ( 0.109%) | £183.50 |
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 | 186.70 | 1.74 % | |
| R2 | 185.55 | 1.12 % | ||
| R1 | 184.85 | 0.734 % | ||
| Current price: | 183.50 | |||
| Support | S1 | 182.55 | -0.516 % | |
| S2 | 181.85 | -0.90 % | ||
| S3 | 180.70 | -1.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 200.80 | 9.43 % | |
| R2 | 187.90 | 2.40 % | ||
| R1 | 184.70 | 0.654 % | ||
| Current price | 183.50 | |||
| Support | S1 | 182.30 | -0.654% | |
| S2 | 180.00 | -1.91% | ||
| S3 | 178.40 | -2.78% |
IWG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 31, 2024 | £1.00 | 0.545% |
| 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
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