Videndum Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Videndum Plc stock after losing 3.04%
(Updated on Jun 28, 2024)
The Videndum Plc stock price fell by -3.04% on the last day (Friday, 28th Jun 2024) from £296.00 to £287.00. During the last trading day the stock fluctuated 3.31% from a day low at £287.00 to a day high of £296.50. The price has fallen in 6 of the last 10 days and is down by -11.69% for this period. Volume has increased on the last day by 25 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, 25 thousand shares were bought and sold for approximately £7.22 million.
Given the current short-term trend, the stock is expected to rise 9.32% during the next 3 months and, with a 90% probability hold a price between £313.76 and £366.63 at the end of this 3-month period.
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VID.L Signals & Forecast
There are few to no technical positive signals at the moment. The Videndum Plc 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 £298.64 and £299.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -13.29%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Videndum Plc stock
Videndum Plc finds support from accumulated volume at £285.00 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 £9.50 between high and low, or 3.31%. For the last week, the stock has had daily average volatility of 3.78%.
Our recommended stop-loss: £277.00 (-3.49%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (VID.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Videndum Plc to open at £290.17, and during the day (based on 14 day Average True Range), to move between £271.72 and £302.28, which gives a possible trading interval of +/-£15.28 (+/-5.32%) up or down from last closing price. If Videndum Plc takes out the full calculated possible swing range there will be an estimated 10.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £285.00 (0.70%) than the resistance at £291.00 (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Videndum Plc stock A Buy?
Videndum Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 Videndum Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £290.17 ( 1.10%) | £287.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VID.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 299.67 | 4.41% |
| R2 | 296.04 | 3.15% |
| R1 | 293.80 | 2.37% |
| Price | 287.00 | |
| S1 | 286.54 | -0.161% |
| S2 | 284.30 | -0.94% |
| S3 | 280.67 | -2.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 296.00 | 3.14% |
| R2 | 291.50 | 1.57% |
| R1 | 291.00 | 1.39% |
| Price | 287.00 | |
| S1 | 285.00 | -0.697% |
| S2 | 281.50 | -1.92% |
| S3 | 280.00 | -2.44% |
VID Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2023 | Apr 20, 2023 | May 19, 2023 | £25.00 | 3.47% |
| 2 | Aug 11, 2022 | Sep 22, 2022 | Oct 28, 2022 | £15.00 | 1.14% |
| 3 | Apr 21, 2022 | Apr 21, 2022 | May 20, 2022 | £24.00 | 1.88% |
| 4 | Sep 23, 2021 | Sep 23, 2021 | Oct 29, 2021 | £11.00 | 0.764% |
| 5 | Apr 22, 2021 | Apr 22, 2021 | May 14, 2021 | £4.50 | 0.321% |
FAQ
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