AIA Group Ltd (HKG:1299) HEFFX Highlights

AIA Group Ltd (HKG:1299) HEFFX Highlights

AIA Group Ltd (HKG:1299) HEFFX Highlights

  • AIA Group, a pan-Asian life-insurance group, has announced the extension and expansion of its partnership with Tottenham Hotspur Football Club.
  • Under the new agreement, AIA will be now be recognised by the club as a global principal partner and the AIA brand will continue to feature on shirts of Spurs’ players in all competitions until the end of the 2021-22 season.
  • Vectorworks Shows off at AIA

AIA Group Limited is an investment holding company principally engaged in the provision of products and services to individuals and enterprises for their insurance, protection, savings, investment and retirement needs. The products and services mainly include life insurance, accident and health insurance and savings plans, as well as employee benefits, credit life and pension services to corporate clients. The Company operates through eight business segments: Hong Kong, Thailand, Singapore, Malaysia, China, Korea, Other Markets and Group Corporate Centre. Other Markets includes the operations in Australia, Indonesia, New Zealand, the Philippines, Sri Lanka, Taiwan, Vietnam and India.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 56.87.

The projected lower bound is: 52.81.

The projected closing price is: 54.84.

AIA closed up 0.200 at 54.750. Volume was 50% below average (consolidating)(neutral) and Bollinger Bands were 52% narrower than normal.

Open        High       Low         Close       Volume
55.050    55.100    54.600    54.750    12,528,493

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period          50-period       200-period
Close:                       54.85                 51.72                49.24
Volatility:                12                       25                     23
Volume:                   15,836,551      24,769,650      24,799,312

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary
AIA is currently 11.2% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of 1299.HK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on 1299.HK and have had this outlook for the last 20 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 50.7043. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 60.58. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 8 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -44. This is not a topping or bottoming area. The last signal was a sell 14 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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