Aviva is having a dream run
There was a shift in the earnings estimate for Aviva plc (AV) by analysts on 2024-03-13.
Earnings estimates help investors make informed decisions about buying, holding, or selling stocks based on projected future earnings potential. Average revenue has been revised up to 42615100000 by 2 analysts. Previously, it was 41611200000.
The lower end of yearly EPS is expected to be at 40.14 for the period that ends on 31-12-2024 and the higher band at 57.9, with the average EPS expected to come in at 44.56, which is an increase of about 0.175 from the EPS of 37.92 from a year ago. Additionally the average revenue is expected to be at 42615100000 with the lower end expected at 35336000000 and higher end at 49894200000 which is an increase of about 9.142 from the revenue of 4202000000 from a year ago.
Following such estimate increases, investors often prefer to move quickly to seize new positions at lower prices, anticipating positive results.
On 2024-03-13, analysts observed a change in the predicted threshold for AV's stock price.
In their thorough research assessments, analysts offer investors a detailed spectrum of maximum and minimum price projections for a given stock, enabling investors to formulate effective investment strategies. Insights from a panel of 13 financial experts suggest that AV's future price is expected to fluctuate between 445.0 and555.0, with the mean forecast hovering around 493.15.
Technical Summary
The current price of 480.9 finds support at 387.7 and resistance at 400.2.
There is a continuation of Aroon's bullish trend with Aroon Up still remaining at the 100 level. This trend needs to be explored further in conjunction with other indicators.
The current price has crossed above the upper bolinger band in its latest price move.
The PSAR continues to be bullish in its current outlook.
Confirming this signal is the Bolinger band indicator which is also pointing to an upwards price move. The stochastic indicator is in a bullish mood where K-line is above the D-line and the K-line is above 80.
The moving averages for 20-50-100 are aligned bearishly but the slopes for the 20/50 SMAs are starting to waver, indicating a possible move to a bullish price action soon.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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