Aviva Share Price Maintains Uptrend As UK Stocks Tumble

Summary:

Aviva share price forecast: LON: AV maintains its uptrend despite a minor correction on Thursday. The stock may soon target 435p resistance.

Aviva (LON: AV) share price remains on an upward trajectory despite a slight correction on Thursday. The insurance giant’s shares opened at 411p in a very volatile session. However, the shares were still up 2.15% on the weekly timeframe.

On Thursday, the London Stock Exchange experienced a bearish sentiment as the FTSE 100 index lost 76 points. This resulted in a negative price action in major equities like Avivia shares which slid 0.24% today.

Aviva plc has recently reported its third-quarter update. The firm reiterated its 5-7% profit growth guidance in 2023. This news solidified the uptrend in the stock of one of the Britain’s largest insurers which also broke above its 200-daily moving average.

Aviva share price forecast is looking bullish as shares surged to a new monthly high today. There is definitely some resistance above 415p but a strong demand in the coming days could easily push the price toward its next resistance of 435p.