Aviva shares within an upward-sloping channel
Nicolas Suiffet November 26, 2020 7:45 PM
Aviva, the insurance group, reported 9-month life PVNBP (present value of new business premiums) of 32.1 billion pounds.
Aviva, the insurance group, reported 9-month life PVNBP (present value of new business premiums) of 32.1 billion pounds, compared with 32.4 billion pounds in the prior-year period, and value of new business dropped 13.8% on year to 714 million pounds. The company said it currently expects to recommend a final dividend of 14.0p per share, taking full-year dividend to 21.0p per share, compared with 15.5p per share in the prior year.
From a chartist point of view, the stock price is posting a rebound and is nearing the upper end of an upward-sloping channel. A short term pullback cannot be ruled out. Prices need to stand above 251.5p to maintain the bullish bias. A break above the resistance at 352p would open a path to see 408p.
Source: GAIN Capital, TradingView
From time to time, GAIN Capital Australia Pty Ltd (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.
As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.