AIB Group Plc Stock Forecast
AIB Group Plc stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The AIB Group Plc stock price gained 2.12% on the last trading day (Thursday, 25th Apr 2024), rising from £425.00 to £434.00. During the last trading day the stock fluctuated 0.81% from a day low at £430.50 to a day high of £434.00. The price has risen in 6 of the last 10 days and is up by 5.08% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 4 thousand shares were bought and sold for approximately £1.57 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 28.88% during the next 3 months and, with a 90% probability hold a price between £537.38 and £583.19 at the end of this 3-month period.
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AIBG.L Signals & Forecast
The AIB Group 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 £427.14 and £407.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.11%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AIB Group Plc stock
AIB Group Plc finds support from accumulated volume at £422.50 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 £3.50 between high and low, or 0.81%. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: £417.81 (-3.73%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (AIBG.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect AIB Group Plc to open at £432.83, and during the day (based on 14 day Average True Range), to move between £421.85 and £446.15, which gives a possible trading interval of +/-£12.15 (+/-2.80%) up or down from last closing price. If AIB Group Plc takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £422.50, some £11.50 (2.65%) from the current price of £434.00, our system finds the risk reward attractive.
Is AIB Group Plc stock A Buy?
AIB Group 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 analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.261 Strong Buy Candidate Upgraded
Predicted Opening Price for AIB Group Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £432.83 ( 0.269%) | £434.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIBG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 436.33 | 0.538 % | |
| R2 | 435.00 | 0.230 % | ||
| R1 | 434.17 | 0.0392 % | ||
| Current price: | 434.00 | |||
| Support | S1 | 431.50 | -0.577 % | |
| S2 | 430.67 | -0.767 % | ||
| S3 | 429.33 | -1.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 434.00 | |||
| Support | S1 | 422.50 | -2.65% | |
| S2 | 357.50 | -17.63% | ||
| S3 | 337.00 | -22.35% |
AIBG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | May 10, 2024 | £22.74 | 5.24% |
| 2 | Mar 08, 2023 | Mar 30, 2023 | May 12, 2023 | £6.20 | 1.86% |
| 3 | Mar 03, 2022 | Mar 31, 2022 | May 13, 2022 | £4.50 | 2.46% |
| 4 | Mar 06, 2020 | Mar 26, 2020 | May 07, 2020 | £8.00 | 9.21% |
| 5 | Mar 02, 2018 | Mar 21, 2019 | May 04, 2018 | £17.00 | 3.95% |
FAQ
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