oulouse , occitanie France - 06 25 2021 : aviva assurance logo brand and text sign blue green yellow of French insurance agency
Aviva shares (LON: AV) have shown strength, currently trading at 492.3p after testing the 500.2p resistance level. The stock is pushing higher after a brief correction earlier in the week, signaling potential for a breakout if it sustains momentum.
The price action reflects cautious optimism. Aviva has managed to stay above the key support level of 466.5p, a level it successfully bounced from in late August. This suggests that buyers remain in control, and a move beyond the 500.2p resistance could pave the way for further gains, with bulls eyeing even higher targets in the medium term.
The price action reflects cautious optimism. Aviva has managed to stay above key support at 466.5p, a level it successfully bounced from in late August. If Aviva moves beyond the 500.2p resistance, it could lead to further gains, with bulls eyeing higher targets.
On the downside, if the stock fails to break the 500p level, we could see a retreat back toward 466.5p. Still, Aviva’s ability to remain above 485p suggests underlying support, with the broader market environment providing some positivity.
All eyes are now on whether the bulls can overcome the 500p barrier and push the stock to new highs, or if a pullback is on the horizon.
This post was last modified on Sep 06, 2024, 12:50 BST 12:50