Vertical Aerospace Ltd. Stock Forecast
Red day on Friday for Vertical Aerospace Ltd. stock after losing 3.53%
(Updated on May 10, 2024)
The Vertical Aerospace Ltd. stock price fell by -3.53% on the last day (Friday, 10th May 2024) from $0.737 to $0.711. During the last trading day the stock fluctuated 5.62% from a day low at $0.710 to a day high of $0.750. The price has fallen in 6 of the last 10 days and is down by -11.24% for this period. Volume has increased on the last day by 23 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 146 thousand shares were bought and sold for approximately $103.97 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.703 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.52% during the next 3 months and, with a 90% probability hold a price between $0.784 and $1.38 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EVTL Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vertical Aerospace Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.744 and $0.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -39.75%. Further fall is indicated until a new bottom pivot has been found. Vertical Aerospace Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Vertical Aerospace Ltd. stock
Vertical Aerospace Ltd. finds support from accumulated volume at $0.680 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0399 between high and low, or 5.62%. For the last week, the stock has had daily average volatility of 6.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVTL) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Vertical Aerospace Ltd. to open at $0.724, and during the day (based on 14 day Average True Range), to move between $0.644 and $0.778, which gives a possible trading interval of +/-$0.0671 (+/-9.44%) up or down from last closing price. If Vertical Aerospace Ltd. takes out the full calculated possible swing range there will be an estimated 18.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.723 (1.65%) than the support at $0.680 (4.35%), 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 Vertical Aerospace Ltd. stock A Buy?
The Vertical Aerospace Ltd. stock holds several negative signals and despite the positive trend, we believe Vertical Aerospace Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.825 Sell Candidate Unchanged
Predicted Opening Price for Vertical Aerospace Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.724 ( 1.78%) | $0.711 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVTL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.764 | 7.39 % | |
| R2 | 0.748 | 5.24 % | ||
| R1 | 0.739 | 3.92 % | ||
| Current price: | 0.711 | |||
| Support | S1 | 0.708 | -0.367 % | |
| S2 | 0.699 | -1.69 % | ||
| S3 | 0.684 | -3.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.88 | 23.70 % | |
| R2 | 0.83 | 16.74 % | ||
| R1 | 0.723 | 1.65 % | ||
| Current price | 0.711 | |||
| Support | S1 | 0.680 | -4.35% | |
| S2 | 0.652 | -8.24% | ||
| S3 | 0.631 | -11.25% |
FAQ
Click here for our free guide on how to buy Vertical Aerospace Ltd. Stock.
