Volvere plc Stock Forecast
Red day on Tuesday for Volvere plc
(Updated on May 07, 2024)
No changes to the price of Volvere plc stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 0% from a day low at £1,200.00 to a day high of £1,200.00. The price has been going up and down for this period, and there has been a -3.07% loss for the last 2 weeks.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £1,203.70. A reaction back to this level may hold a second chance to get out before further falls.
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VLE.L Signals & Forecast
There are mixed signals in the stock today. The Volvere 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 £1,217.86 and £1,224.73. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Volvere plc stock
Volvere plc finds support from accumulated volume at £1,155.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.00%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VLE.L) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Volvere plc to open at £1,200.00, and during the day (based on 14 day Average True Range), to move between £1,166.56 and £1,233.44, which gives a possible trading interval of +/-£33.44 (+/-2.79%) up or down from last closing price. If Volvere plc takes out the full calculated possible swing range there will be an estimated 5.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,211.00 (0.92%) than the support at £1,155.00 (3.75%), 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 Volvere plc stock A Buy?
Volvere plc 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: -2.801 Sell Candidate Unchanged
Predicted Opening Price for Volvere plc of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| £1,200.00 ( 0%) | £1,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLE.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,200.00 | . | |
| R2 | 1,200.00 | . | ||
| R1 | 1,200.00 | . | ||
| Current price: | 1,200.00 | |||
| Support | S1 | 1,200.00 | . | |
| S2 | 1,200.00 | . | ||
| S3 | 1,200.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,250.00 | 4.17 % | |
| R2 | 1,225.00 | 2.08 % | ||
| R1 | 1,211.00 | 0.92 % | ||
| Current price | 1,200.00 | |||
| Support | S1 | 1,155.00 | -3.75% | |
| S2 | 1,115.00 | -7.08% | ||
| S3 | 1,060.00 | -11.67% |
FAQ
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