Auckland International Airport Ltd (AIA.NZX) | 26/09/2017 | 1 Year, Daily Chart
$7.39
$7.19
$6.99
$6.79
$6.59
$6.39
$6.19
$5.99
25/09/2016
24/10/2016
21/11/2016
19/12/2016
19/01/2017
19/02/2017
19/03/2017
18/04/2017
17/05/2017
15/06/2017
13/07/2017
10/08/2017
7/09/2017
Resistance at around $7.40?
Election and
fuel supply concerns?
Stock consolidating stellar gains
Support at or near $6 per share?
5 Year Chart
7.5
6.5
5.5
4.5
3.5
2.5
Technical Summary: The AIA stock has gone largely sideways for the last year in a consolidation pattern. This is not that surprising when you consider that the company is an Airport and that the prior 4 years the stock had been on a long term uptrend (see 5 year chart). There is not much to say at this point about the chart. The stock has recently pulled back which could be attributed to the fuel supply issues at the airport as well as uncertainty surrounding the New Zealand election, consider immigration issues? It is most likely that AIA will still be the premier airport in New Zealand in 20-30 years time. It is also likely that they will be doing more business then than now. Based on this investors that have a long term view may consider this a viable period to average in and build up a position in the stock. Technically there is support on the chart at around $6 per share and resistance at around $7.40.