Vodafone Group Public Limited Company Stock Forecast
Green day on Wednesday for Vodafone Group Public Limited Company stock after gaining 1.08%
(Updated on Mar 27, 2024)
The Vodafone Group Public Limited Company stock price gained 1.08% on the last trading day (Wednesday, 27th Mar 2024), rising from £68.68 to £69.42. During the last trading day the stock fluctuated 2.70% from a day low at £68.07 to a day high of £69.91. The price has risen in 6 of the last 10 days and is up by 4.36% over the past 2 weeks. Volume fell on the last day by -22 million shares and in total, 78 million shares were bought and sold for approximately £5.42 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £70.87 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Vodafone Group Public Limited Company stock with a 90% probability to be traded between £62.46 and £70.51 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
The Vodafone Group Public Limited Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £68.03 and £67.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 5.04%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Vodafone Group Public Limited Company stock
Vodafone Group Public Limited Company finds support from accumulated volume at £69.12 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 £1.84 (2.70%) between high and low. For the last week, the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: £66.36 (-4.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (VOD.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Vodafone Group Public Limited Company to open at £69.13, and during the day (based on 14 day Average True Range), to move between £67.45 and £71.39, which gives a possible trading interval of +/-£1.97 (+/-2.84%) 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 5.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £69.12 (0.43%) than the resistance at £69.85 (0.62%), 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?
Vodafone Group Public Limited Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.737 Hold/Accumulate Unchanged
Predicted Opening Price for Vodafone Group Public Limited Company of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£69.13 ( 0.413%) | £69.42 |
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 | 70.97 | 2.24 % | |
R2 | 70.27 | 1.23 % | ||
R1 | 69.84 | 0.600 % | ||
Current price: | 69.42 | |||
Support | S1 | 68.43 | -1.43 % | |
S2 | 68.00 | -2.05 % | ||
S3 | 67.29 | -3.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 70.46 | 1.50 % | |
R2 | 69.98 | 0.81 % | ||
R1 | 69.85 | 0.619 % | ||
Current price | 69.42 | |||
Support | S1 | 69.12 | -0.432% | |
S2 | 67.64 | -2.56% | ||
S3 | 66.50 | -4.21% |
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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