VeriFone Systems Inc Stock Forecast
VeriFone Systems Inc stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 16, 2024)
The VeriFone Systems Inc stock price gained 0.187% on the last trading day (Thursday, 16th May 2024), rising from £536.00 to £537.00. During the last trading day the stock fluctuated 3.78% from a day low at £529.00 to a day high of £549.00. The price has risen in 6 of the last 10 days and is up by 0.94% 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, 32 thousand more shares were traded than the day before. In total, 56 thousand shares were bought and sold for approximately £29.96 million.
The stock lies in the middle of a wide and 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 10.37% during the next 3 months and, with a 90% probability hold a price between £548.66 and £620.72 at the end of this 3-month period.
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PAY.L Signals & Forecast
The VeriFone Systems Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £546.43. On a fall, the stock will find some support from the long-term average at approximately £512.07. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, May 09, 2024, and so far it has fallen -3.76%. 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). The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for VeriFone Systems Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at £510.00 and £487.00. 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, VeriFone Systems Inc finds support just below today's level at £510.00. If this is broken, then the next support from accumulated volume will be at £487.00 and £479.50.
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 £20.00 between high and low, or 3.78%. For the last week, the stock has had daily average volatility of 5.09%.
Our recommended stop-loss: £510.10 (-5.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (PAY.L) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect VeriFone Systems Inc to open at £538.33, and during the day (based on 14 day Average True Range), to move between £515.89 and £558.11, which gives a possible trading interval of +/-£21.11 (+/-3.93%) up or down from last closing price. If VeriFone Systems Inc takes out the full calculated possible swing range there will be an estimated 7.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £544.00 (1.30%) than the support at £510.00 (5.03%), 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 VeriFone Systems Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for VeriFone Systems Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.837 Buy Candidate Upgraded
Predicted Opening Price for VeriFone Systems Inc of Friday, May 17, 2024
Fair opening price May 17, 2024 | Current price |
---|---|
£538.33 ( 0.248%) | £537.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAY.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 558.33 | 3.97 % | |
R2 | 550.69 | 2.55 % | ||
R1 | 545.97 | 1.67 % | ||
Current price: | 537.00 | |||
Support | S1 | 530.69 | -1.17 % | |
S2 | 525.97 | -2.05 % | ||
S3 | 518.33 | -3.48 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 550.00 | 2.42 % | |
R2 | 548.00 | 2.05 % | ||
R1 | 544.00 | 1.30 % | ||
Current price | 537.00 | |||
Support | S1 | 510.00 | -5.03% | |
S2 | 487.00 | -9.31% | ||
S3 | 479.50 | -10.71% |
PAY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 01, 2024 | Feb 01, 2024 | Feb 01, 2024 | £0 | 0% |
2 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0 | 0% |
3 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | £18.60 | 3.33% |
4 | Nov 24, 2022 | Feb 02, 2023 | Mar 06, 2023 | £9.20 | 1.87% |
5 | Dec 01, 2022 | Dec 01, 2022 | Dec 01, 2022 | £9.20 | 1.71% |
FAQ
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