Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>IAG stock price is in an uptrend since it witnessed a 311% growth in revenue numbers.&nbsp;</a> </li> 
 <li> <span>2</span> <a>RSI and MACD are showing a downtrend as the stock came below its trend line.</a> </li> 
 <li> <span>3</span> <a>The 50-day EMA has rejected the bullish investors.</a> </li> 
</ul> 
<p>International Consolidated Airlines Group S.A. (LON: IAG) is a holding company that offers passenger and freight air transportation services. The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.</p> 
<p>The IAG stock price started rising significantly after the release of its half-yearly earnings report for June 2022, where the company reported a revenue growth of a staggering 311%. This report was followed by another one in December 2022 where the earnings further rose by 122%.&nbsp;</p> 
<p>The beginning of the story goes back to the pandemic when the holding giant was struggling to make revenues, the declining percentages were more than 50 in each of the reports posted. This was followed by negative operating profits as the general expenses stayed somewhat similar.&nbsp;</p> 
<p>This caused fear in the market and the investors reacted, resulting in fearsome selling which caused the IAG stock price to decline more than 51% during the period. Fast forward to recent months, the IAG stock price is more than 65% up as a result of the return of bulls in the market.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-price-prediction-of-iag-stock-strong"><strong>Technical analysis and price prediction of IAG stock</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="511" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-353-1024x511.png" alt="IAG Stock Price: Half-yearly Reports Overwhelm the Investors" class="wp-image-167606" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-353-1024x511.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-353-300x150.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-353-768x383.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-353-1536x766.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-353-360x180.png 360w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-353-750x374.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-353-1140x569.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-353.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Chart provided by TradingView (Daily time frame)
  </figcaption>
 </figure>
</div> 
<p>On a daily time frame, we can see a slight uptrend that has continued despite the IAG stock-taking resistance from a level of £168 twice this year. At the press time, the IAG stock price is trading at a level of £158. The bulls were trying to take another support of the 50-day EMA but after consolidating for some time they gave up, resulting in a slight downtrend.&nbsp;</p> 
<p>Moreover, as per the current price action, the immediate support level for the IAG <a href="https://www.thecoinrepublic.com/2023/08/02/mnt-algo-bsv-price-prediction-2023-facing-growth-or-decline/" target="_blank" rel="noreferrer noopener">stock price </a>is £153, while on the upper side, the immediate resistance is at £168. If the stock price crosses these levels then it is likely to move toward the second resistance and&nbsp; second support levels of £179 and £144, respectively.</p> 
<p>The RSI and MACD on the other hand are showing a slight downtrend as the stock breaks the trendline. The MACD and its EMA did a bearish crossover back in August, at present the MACD is at -1.54 and its EMA is at -1.17.&nbsp;</p> 
<p>Similarly, the RSI is seen in a downtrend after it touched its overbought levels of 66, back in July this year. At present, the RSI is at a neutral level of 45. On the other hand, the 50-day EMA is at the level of £160 while the 200-day EMA is at £152 indicating an uptrend.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The IAG stock price prediction will be bearish if the bears on the level of 50-day EMA reject the price again. However, if the bulls can show good momentum, the 50-day EMA will be broken and the stock will move towards its immediate resistance levels of £168.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support levels: £153 and £144</p> 
<p>Resistance levels: £168 and £179&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

IAG Stock Price: Half-yearly Reports Overwhelm the Investors

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