Vodafone Group Public Limited Company Stock Forecast
Vodafone Group Public Limited Company stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The Vodafone Group Public Limited Company stock price gained 0.93% on the last trading day (Friday, 19th Apr 2024), rising from £66.38 to £67.00. During the last trading day the stock fluctuated 2.01% from a day low at £65.78 to a day high of £67.10. The price has fallen in 7 of the last 10 days and is down by -2.3% for this period. Volume fell on the last day by -8 million shares and in total, 56 million shares were bought and sold for approximately £3.72 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Vodafone Group Public Limited Company stock with a 90% probability to be traded between £64.88 and £72.61 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VOD.L Signals & Forecast
There are mixed signals in the stock today. The Vodafone Group Public Limited Company stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £68.47. On a fall, the stock will find some support from the short-term average at £66.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.42%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Vodafone Group Public Limited Company stock
Vodafone Group Public Limited Company finds support from accumulated volume at £66.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £1.32 (2.01%) between high and low. For the last week, the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: £63.34 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (VOD.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Vodafone Group Public Limited Company to open at £66.63, and during the day (based on 14 day Average True Range), to move between £65.49 and £68.51, which gives a possible trading interval of +/-£1.51 (+/-2.25%) up or down from last closing price. If Vodafone Group Public Limited Company takes out the full calculated possible swing range there will be an estimated 4.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £66.50 (0.75%) than the resistance at £69.12 (3.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vodafone Group Public Limited Company stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Vodafone Group Public Limited Company stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.257 Buy Candidate Upgraded
Predicted Opening Price for Vodafone Group Public Limited Company of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
£66.63 ( 0.557%) | £67.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOD.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 67.95 | 1.41 % | |
R2 | 67.44 | 0.660 % | ||
R1 | 67.13 | 0.195 % | ||
Current price: | 67.00 | |||
Support | S1 | 66.12 | -1.31 % | |
S2 | 65.81 | -1.77 % | ||
S3 | 65.31 | -2.53 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 70.46 | 5.16 % | |
R2 | 69.85 | 4.25 % | ||
R1 | 69.12 | 3.16 % | ||
Current price | 67.00 | |||
Support | S1 | 66.50 | -0.746% | |
S2 | 66.25 | -1.12% | ||
S3 | 65.37 | -2.43% |
VOD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £4.50 | 6.35% |
2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £4.50 | 6.07% |
3 | Nov 15, 2022 | Nov 24, 2022 | Feb 03, 2023 | £4.50 | 4.94% |
4 | May 17, 2022 | Jun 01, 2022 | Aug 05, 2022 | £4.50 | 3.71% |
5 | Nov 16, 2021 | Nov 25, 2021 | Feb 04, 2022 | £4.50 | 3.35% |
FAQ
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