Intercontinental Hotels Group plc Stock Forecast
Green day on Wednesday for Intercontinental Hotels Group plc stock after gaining 1.53%
(Updated on Apr 24, 2024)
The Intercontinental Hotels Group plc stock price gained 1.53% on the last trading day (Wednesday, 24th Apr 2024), rising from £7,998.00 to £8,120.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.21% from a day low at £7,972.00 to a day high of £8,148.00. The price has risen in 6 of the last 10 days and is up by 2.78% 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, 21 thousand more shares were traded than the day before. In total, 351 thousand shares were bought and sold for approximately £2.85 billion.
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 3.79% during the next 3 months and, with a 90% probability hold a price between £8,093.02 and £9,308.12 at the end of this 3-month period.
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IHG.L Signals & Forecast
The Intercontinental Hotels Group plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £7,887.14 and £8,067.54. 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 4.56%. 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 Intercontinental Hotels Group plc stock
Intercontinental Hotels Group plc finds support from accumulated volume at £8,064.00 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 £176.00 (2.21%) between high and low. For the last week, the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: £7,749.43 (-4.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (IHG.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Intercontinental Hotels Group plc to open at £8,080.00, and during the day (based on 14 day Average True Range), to move between £7,966.33 and £8,273.67, which gives a possible trading interval of +/-£153.67 (+/-1.89%) 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 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £8,064.00 (0.69%) than the resistance at £8,324.00 (2.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Intercontinental Hotels Group plc stock A Buy?
Intercontinental Hotels Group plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.961 Hold/Accumulate Unchanged
Predicted Opening Price for Intercontinental Hotels Group plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £8,080.00 ( 0.493%) | £8,120.00 |
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 | 8,256.00 | 1.67 % | |
| R2 | 8,188.77 | 0.85 % | ||
| R1 | 8,147.23 | 0.335 % | ||
| Current price: | 8,120.00 | |||
| Support | S1 | 8,012.77 | -1.32 % | |
| S2 | 7,971.23 | -1.83 % | ||
| S3 | 7,904.00 | -2.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,380.00 | 3.20 % | |
| R2 | 8,334.00 | 2.64 % | ||
| R1 | 8,324.00 | 2.51 % | ||
| Current price | 8,120.00 | |||
| Support | S1 | 8,064.00 | -0.690% | |
| S2 | 7,900.00 | -2.71% | ||
| S3 | 7,890.00 | -2.83% |
IHG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | May 14, 2024 | £82.14 | 1.01% |
| 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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