Aviva Share Price Maintains Uptrend As UK Stocks Tumble

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Written By: Abdullah Sarwar

Nov 16, 2023, 20:01 GMT 20:01

Evening time shot of London's famous skyscrapers including 'the Gherkin' ant the Aviva, London, England.

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.

LON: AV Chart

Aviva Share Price Analysis

This post was last modified on Nov 16, 2023, 20:02 GMT 20:02

Written By: Abdullah Sarwar

Abdullah Sarwar is a blockchain analyst and a cryptocurrency investor with more than 5 years of experience. He specializes in providing crypto price projections based on their fundamentals and price charts. He is also a successful day trader. He graduated in 2015 with a degree in electronic engineering. In his free time, he loves listening to electronic music and playing with trading bots.