- The IHG stock has been in an uptrend since the beginning. The stock has been performing well since it got listed on the stock exchange.
- It is up by 885% overall which means it has given good returns to its investors.
- Near the current market price, the stock is moving similarly to a straight line.
InterContinental Hotels Group is a British multinational hospitality firm. The stock of the company is listed on the London Stock Exchange(LSE).
The company was founded on 15th April 2003. The company’s CEO is Elie W. Maalouf.
In this article, we will analyze the price and withdraw some useful information through technical analysis.
Technical Analysis of the IHG Stock (Yearly)
Source: LSE: IHG by TradingView
The stock is in an uptrend in the yearly time frame and near the current market price, it is similar to a straight line.
It was up by 27.97% last year, which is a good percentage for a particular year. The stock made its new all-time high which is £61.34.
Investors can look for opportunities to buy or go for long-term investment because the stock is rising and might rise more.
Technical Analysis of the IHG Stock (Monthly)
Source: LSE: IHG by Trading View
In the monthly time frame, the stock is in up movement. It is good for the investors who have made their investment in this stock.
We can see that the price is looking to move in the up direction in the future as it made its new all-time big move.
In the last 6 months the stock was up by 8.22% and last month it was up by 3.37%.
Source: LSE: IHG by Trading View
The pattern confirms that the stock will continue its upward movement in the future. The pattern is known as three white soldiers.
In the line chart, it was indicated that it might boost up in the future but the candlestick pattern made it confirmed.
The stock is good for long-term investment. Investors should buy these types of stocks for good returns.
Technical Analysis of the IHG Stock (Weekly)
Source: LSE: IHG by Trading View
The stock in every time frame is performing well. It is in an uptrend near the current market price.
In the last 5 days of trading, it was up by 2.67%. That’s pretty good but compared to other time frames it is not so good.
From April 2020 till now, it is continuously in an upward direction. At some points, it retracted but took support and moved up again.
Technical Analysis of the IHG Share (Daily)
Source: LSE: IHG by Trading View
In the daily time frame, the stock near the current price can be used as an opportunity by intraday traders. It might take support from the trend line.
The stock is not at all risky but it will surely give good returns in the future. It was up by 0.98% in the last trading session.
Conclusion
Through the evaluation of the stock with the help of technical analysis, we can withdraw that overall the stock is in an uptrend position.
In the monthly time frame, it was in an upward direction which can help to earn good returns.
In the weekly time frame, it is moving in the upward direction.
In the daily time frame, it is in uptrend. Overall it is on an uptrend and in all time frames also it is moving up only.
So the stock does have the potential to generate a good amount of returns on the investment made by the general public in the yearly and monthly time frame.
Technical Levels
Resistance Level- £55.91
Support Level- £52.25
Disclaimer
The analysis is done for providing information through technical analysis and no investment suggestions are given in the article to be made by investors.
The stocks need proper study. So investors should have proper knowledge.
Stocks are preferred more than the cryptocurrencies. The stocks are very safe for investment purposes. This article does not share financial advice. It only shares information regarding the movement of the stock.
