Venture Life Group Plc Stock Forecast
Green day on Friday for Venture Life Group Plc
(Updated on May 24, 2024)
The Venture Life Group Plc stock price gained 0.641% on the last trading day (Friday, 24th May 2024), rising from £39.00 to £39.25. During the last trading day the stock fluctuated 2.17% from a day low at £38.66 to a day high of £39.50. The price has fallen in 5 of the last 10 days and is down by -6.1% for this period. Volume fell on the last day by -46 thousand shares and in total, 16 thousand shares were bought and sold for approximately £620.97 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £38.77 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.51% during the next 3 months and, with a 90% probability hold a price between £43.23 and £48.76 at the end of this 3-month period.
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VLG.L Signals & Forecast
There are few to no technical positive signals at the moment. The Venture Life Group 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 £39.62 and £39.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -7.10%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Venture Life Group Plc stock
Venture Life Group Plc finds support from accumulated volume at £39.00 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 controlled movements and therefore the general risk is considered 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 £0.84 between high and low, or 2.17%. For the last week the stock has had daily average volatility of 3.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VLG.L) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Venture Life Group Plc to open at £39.14, and during the day (based on 14 day Average True Range), to move between £37.90 and £40.60, which gives a possible trading interval of +/-£1.35 (+/-3.45%) up or down from last closing price. If Venture Life Group Plc takes out the full calculated possible swing range there will be an estimated 6.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £39.00 (0.64%) than the resistance at £40.00 (1.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Venture Life Group Plc stock A Buy?
The Venture Life Group Plc stock holds several negative signals and despite the positive trend, we believe Venture Life Group Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.144 Sell Candidate Unchanged
Predicted Opening Price for Venture Life Group Plc of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| £39.14 ( 0.289%) | £39.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.98 | 1.85 % | |
| R2 | 39.66 | 1.03 % | ||
| R1 | 39.46 | 0.529 % | ||
| Current price: | 39.25 | |||
| Support | S1 | 38.82 | -1.11 % | |
| S2 | 38.62 | -1.61 % | ||
| S3 | 38.30 | -2.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.00 | 7.01 % | |
| R2 | 40.50 | 3.18 % | ||
| R1 | 40.00 | 1.91 % | ||
| Current price | 39.25 | |||
| Support | S1 | 39.00 | -0.637% | |
| S2 | 38.00 | -3.18% | ||
| S3 | 36.25 | -7.64% |
VLG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2018 | May 24, 2018 | Jun 22, 2018 | £0.0399 | 0.0952% |
| 2 | Mar 23, 2017 | May 25, 2017 | Jun 23, 2017 | £0.0399 | 0.0620% |
| 3 | May 09, 2016 | May 26, 2016 | Jun 24, 2016 | £0.0399 | 0.0702% |
| 4 | Apr 15, 2015 | May 21, 2015 | Jun 19, 2015 | £0.0399 | 0.0457% |
| 5 | Jun 05, 2014 | Jun 11, 2014 | Jul 15, 2014 | £0.0399 | 0.0394% |
FAQ
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