1. Exit Case: International Consolidated Airlines Group SA

International Consolidated Airlines Group SA (LSE: IAG) is an FTSE 100 index-listed European aviation conglomerate that operates flights under the British Airways, Iberia, Aer Lingus, and Vueling banners. Over the past period, the company transported 264 million travelers to 185 destinations worldwide. Its primary airport hubs are situated in London Heathrow, London Gatwick, Madrid, Barcelona, and Dublin. The company primarily generates a significant portion of its income from the United Kingdom.

IAG has been a part of the ‘Value Model Portfolio’ since 26 July 2024, however, considering the recent rally, trading above resistance levels in the stock, support & resistance levels, and ~21.20% upside from the entry price, an ‘Exit’ is recommended from the stock near the resistance of GBX 202.60, (as on current market price 17^th September 2024, 09:10 AM GMT+1).

International Consolidated Airlines Group SA (LSE: IAG) is a part of Kalkine’s Value Model Portfolio, has breached its resistance level around which an exit case emerges.

1.1 Support and Resistance Summary as provided in our last published report dated 26 July 2024.

1.2 International Consolidated Airlines Group SA (LSE: IAG)

2. New Entry Case: Kainos Group PLC (LSE: KNOS)

Kainos Group PLC (LSE: KNOS) is an FTSE 250 listed technology company that is engaged in developing information technology for businesses and organisations. Company is headquartered in Ireland mainly operating with three business segments, namely, workday services, digital services, and workday products.

Technical Analysis: On the daily chart, KNOS prices rebounded from recent lows in the mid-800s, entering oversold territory as the 14-period Relative Strength Index (RSI) dipped below the 25 mark and is currently at 31.73. Upside momentum may be supported by higher trading volumes and the stability of prices above the crucial support zone around 800. The nearest resistance is expected to be around GBX 920, beyond which the stock could show further upward momentum. The key support for the stock is at GBX 772.00, while the critical resistance level is at GBX 970.00.

Considering the above mentioned factors, technical analysis, support & resistance levels, key risks and outlook an ‘Entry’ is recommended in the ‘Value Model Portfolio’ at the current market price of GBX 878.00, as on (17^th September 2024, 09:10 AM GMT+1).

Kainos Group PLC (LSE: KNOS) has been identified as the new entry to our Value Model Portfolio.

2.1 Support and Resistance Summary (as on 17th September 2024, 09:10 AM GMT+1)

2.2 Technical Price Chart (LSE: KNOS)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of 17th September 2024, 09:10 AM GMT+1. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.