Virtu Financial Stock Forecast
Green day on Wednesday for Virtu Financial
(Updated on May 01, 2024)
The Virtu Financial stock price gained 1.34% on the last trading day (Wednesday, 1st May 2024), rising from $21.70 to $21.99. During the last trading day the stock fluctuated 3.19% from a day low at $21.61 to a day high of $22.30. The price has risen in 8 of the last 10 days and is up by 7.37% 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, 446 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $28.29 million.
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 35.48% during the next 3 months and, with a 90% probability hold a price between $29.06 and $30.88 at the end of this 3-month period.
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VIRT Signals & Forecast
The Virtu Financial 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 $21.82 and $20.61. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, April 25, 2024, and so far it has fallen -1.83%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Virtu Financial stock
Virtu Financial finds support from accumulated volume at $21.84 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 $0.690 between high and low, or 3.19%. For the last week, the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: $21.09 (-4.09%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (VIRT) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Virtu Financial to open at $21.97, and during the day (based on 14 day Average True Range), to move between $21.44 and $22.54, which gives a possible trading interval of +/-$0.552 (+/-2.51%) up or down from last closing price. If Virtu Financial takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.02 (0.14%) than the support at $21.84 (0.68%), 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 Virtu Financial 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 Virtu Financial stock to perform well in the short-term.
Current score: 4.918 Buy Candidate Unchanged
Predicted Opening Price for Virtu Financial of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$21.97 ( 0.106%) | $21.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIRT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.66 | 3.03 % | |
R2 | 22.39 | 1.83 % | ||
R1 | 22.23 | 1.09 % | ||
Current price: | 21.99 | |||
Support | S1 | 21.70 | -1.30 % | |
S2 | 21.54 | -2.05 % | ||
S3 | 21.28 | -3.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 22.40 | 1.86 % | ||
R1 | 22.02 | 0.136 % | ||
Current price | 21.99 | |||
Support | S1 | 21.84 | -0.682% | |
S2 | 18.87 | -14.19% | ||
S3 | 16.83 | -23.47% |
VIRT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 24, 2024 | May 31, 2024 | Jun 15, 2024 | $0.240 | 1.09% |
2 | Jan 25, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.240 | 1.24% |
3 | Nov 30, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.240 | 1.16% |
4 | Aug 05, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.240 | 1.40% |
5 | Apr 20, 2023 | May 31, 2023 | Jun 15, 2023 | $0.240 | 1.29% |
FAQ
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