Vbg Group Ab (publ) Stock Forecast
Evaluation of Vbg Group Ab (publ) stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Vbg Group Ab (publ) stock price gained 4.42% on the last trading day (Friday, 28th Jun 2024), rising from £463.50 to £484.00. During the last trading day the stock fluctuated 2.52% from a day low at £475.50 to a day high of £487.50. The price has fallen in 5 of the last 10 days but is still up by 1.04% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately £976.71 thousand.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 54.99% during the next 3 months and, with a 90% probability hold a price between £723.49 and £790.39 at the end of this 3-month period.
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0GXK.L Signals & Forecast
The Vbg Group Ab (publ) 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 £474.14 and £435.49. A breakdown below any of these levels will issue sell signals. Vbg Group Ab (publ) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -1.93%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Vbg Group Ab (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at £457.00 and £429.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vbg Group Ab (publ) finds support just below today's level at £457.00. If this is broken, then the next support from accumulated volume will be at £429.00 and £409.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £12.00 between high and low, or 2.52%. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: £463.19 (-4.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (0GXK.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Vbg Group Ab (publ) to open at £482.33, and during the day (based on 14 day Average True Range), to move between £471.16 and £496.84, which gives a possible trading interval of +/-£12.84 (+/-2.65%) up or down from last closing price. If Vbg Group Ab (publ) takes out the full calculated possible swing range there will be an estimated 5.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £488.50 (0.93%) than the support at £457.00 (5.58%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Vbg Group Ab (publ) stock A Buy?
Vbg Group Ab (publ) 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Vbg Group Ab (publ) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £482.33 ( 0.344%) | £484.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0GXK.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 494.33 | 2.13% |
| R2 | 489.75 | 1.19% |
| R1 | 486.92 | 0.603% |
| Price | 484.00 | |
| S1 | 477.75 | -1.29% |
| S2 | 474.92 | -1.88% |
| S3 | 470.33 | -2.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 493.50 | 1.96% |
| R1 | 488.50 | 0.93% |
| Price | 484.00 | |
| S1 | 457.00 | -5.58% |
| S2 | 429.00 | -11.36% |
| S3 | 409.00 | -15.50% |
0GXK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 10, 2024 | £7.00 | 1.75% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | May 06, 2021 | £5.50 | 2.93% |
| 3 | Feb 20, 2018 | Apr 28, 2017 | May 05, 2017 | £1.75 | 1.05% |
FAQ
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