IWG plc Stock Forecast
IWG plc stock upgraded to Hold/Accumulate.
(Updated on Apr 23, 2024)
The IWG plc stock price gained 0.542% on the last trading day (Tuesday, 23rd Apr 2024), rising from £184.50 to £185.50. During the last trading day the stock fluctuated 2.18% from a day low at £183.50 to a day high of £187.50. The price has risen in 6 of the last 10 days but is still down by -0.8% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 634 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately £215.17 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 -3.57% during the next 3 months and, with a 90% probability hold a price between £168.02 and £189.38 at the end of this 3-month period.
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IWG.L Signals & Forecast
The IWG 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 £182.50 and £184.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 3.98%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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).
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 10.71% to £205.36 within 25 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for IWG plc stock
IWG plc finds support from accumulated volume at £185.00 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 £4.00 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: £176.22 (-5.01%) (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 (IWG.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect IWG plc to open at £185.50, and during the day (based on 14 day Average True Range), to move between £180.67 and £190.33, which gives a possible trading interval of +/-£4.83 (+/-2.60%) up or down from last closing price. If IWG plc takes out the full calculated possible swing range there will be an estimated 5.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £185.00 (0.27%) than the resistance at £187.90 (1.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IWG plc stock A Buy?
IWG 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.287 Hold/Accumulate Upgraded
Predicted Opening Price for IWG plc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £185.50 ( 0%) | £185.50 |
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 | 189.50 | 2.16 % | |
| R2 | 187.97 | 1.33 % | ||
| R1 | 187.03 | 0.82 % | ||
| Current price: | 185.50 | |||
| Support | S1 | 183.97 | -0.82 % | |
| S2 | 183.03 | -1.33 % | ||
| S3 | 181.50 | -2.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 200.80 | 8.25 % | |
| R2 | 191.90 | 3.45 % | ||
| R1 | 187.90 | 1.29 % | ||
| Current price | 185.50 | |||
| Support | S1 | 185.00 | -0.270% | |
| S2 | 184.70 | -0.431% | ||
| S3 | 180.00 | -2.96% |
IWG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 31, 2024 | £1.00 | 0.539% |
| 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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