Vertical Aerospace Ltd. Stock Forecast

Green day on Wednesday for Vertical Aerospace Ltd. stock after gaining 4.00%
(Updated on Jun 05, 2024)

EVTL Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Vertical Aerospace Ltd. 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. The very low volume increases the risk and reduces the other technical signals issued. 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 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 $0.736. On a fall, the stock will find some support from the short-term average at $0.700. 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. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -38.31%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Vertical Aerospace Ltd. stock

Vertical Aerospace Ltd. finds support from accumulated volume at $0.720 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 $0.0324 (4.63%) between high and low. For the last week, the stock has had daily average volatility of 7.15%.

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 Thursday 6th

For the upcoming trading day on Thursday, 6th we expect Vertical Aerospace Ltd. to open at $0.720, and during the day (based on 14 day Average True Range), to move between $0.676 and $0.780, which gives a possible trading interval of +/-$0.0517 (+/-7.10%) up or down from last closing price. If Vertical Aerospace Ltd. takes out the full calculated possible swing range there will be an estimated 14.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.720 (1.10%) than the resistance at $0.798 (9.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Vertical Aerospace Ltd. stock A Buy?

Vertical Aerospace Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.135 Sell Candidate Unchanged

Predicted Opening Price for Vertical Aerospace Ltd. of Thursday, June 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.