Access Holdings Plc, popularly known as Access Corporation, is a Nigerian non-operating financial holding company headquartered in Lagos. It was established in 2022 following the restructuring of Access Bank into a holding-company structure.
The Group currently operates across banking, payments, pensions, insurance and consumer lending, with Access Bank remaining the dominant earnings engine. Its operating subsidiaries include Access Bank Plc, Hydrogen Payment Services, Access ARM Pensions, Access Insurance Brokers and Oxygen X Finance.
Current price: N27.05
Rating: Buy
Price projection: N31 and N33
Technical Analysis
In this report, we shall use the following tools and analysis methods:
Elliott’s wave theory to understand the overall market sentiment
Fibonacci tools to determine support and resistance levels
The Relative Strength Index and volume to evaluate the market’s strength
The Money Flow Index to determine the market liquidity
Moving average and MACD to understand the nature of the trend
Top-down analysis to know the best investment position
Elliott wave analysis
Weekly chart: Market overview
Access Holdings is currently within its corrective phase (X) on the weekly chart. In this phase, investors should expect continuous correction, which enables one to buy into value. The bullish volume has been solid. Also, MACD remains strongly bullish with solid momentum and market liquidity. These conditions are good for long-term investment
Daily chart: Investment opportunity
On the daily chart, Access Holdings started a strong recovery phase and experienced massive profit-taking at wave X of the minor degree. Thus, the stock is expected to continue its bullish run to N31 and N33. Thus, investors should expect a strong support at N25 each.
SWOT Analysis
