Virgin Money UK PLC Stock Forecast
Green day on Friday for Virgin Money UK PLC stock after gaining 0.188%
(Updated on May 24, 2024)
The Virgin Money UK PLC stock price gained 0.188% on the last trading day (Friday, 24th May 2024), rising from £212.80 to £213.20. During the last trading day the stock fluctuated 1.03% from a day low at £212.60 to a day high of £214.80. The price has fallen in 6 of the last 10 days and is down by -1.02% for this period. Volume fell on the last day by -9 million shares and in total, 354 thousand shares were bought and sold for approximately £75.50 million. 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 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 21.94% during the next 3 months and, with a 90% probability hold a price between £239.08 and £293.72 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VMUK.L Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Virgin Money UK 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 £213.46 and £214.36. 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 04, 2024, and so far it has fallen -1.30%. 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).
Support, Risk & Stop-loss for Virgin Money UK PLC stock
Virgin Money UK PLC finds support from accumulated volume at £210.50 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £2.20 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 0.753%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VMUK.L) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Virgin Money UK PLC to open at £213.53, and during the day (based on 14 day Average True Range), to move between £211.66 and £214.74, which gives a possible trading interval of +/-£1.54 (+/-0.72%) up or down from last closing price. If Virgin Money UK PLC takes out the full calculated possible swing range there will be an estimated 1.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £213.50 (0.14%) than the support at £210.50 (1.27%), 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 Virgin Money UK PLC stock A Buy?
The Virgin Money UK PLC stock holds several negative signals and despite the positive trend, we believe Virgin Money UK PLC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.068 Sell Candidate Unchanged
Predicted Opening Price for Virgin Money UK PLC of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| £213.53 ( 0.156%) | £213.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VMUK.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 215.73 | 1.19 % | |
| R2 | 214.89 | 0.794 % | ||
| R1 | 214.37 | 0.551 % | ||
| Current price: | 213.20 | |||
| Support | S1 | 212.69 | -0.238 % | |
| S2 | 212.17 | -0.481 % | ||
| S3 | 211.33 | -0.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 214.60 | 0.657 % | |
| R2 | 214.20 | 0.469 % | ||
| R1 | 213.50 | 0.141 % | ||
| Current price | 213.20 | |||
| Support | S1 | 210.50 | -1.27% | |
| S2 | 210.00 | -1.50% | ||
| S3 | 207.80 | -2.53% |
VMUK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Feb 22, 2024 | £0 | 0% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | £3.30 | 2.15% |
| 3 | Nov 21, 2022 | Feb 09, 2023 | Mar 15, 2023 | £7.50 | 5.32% |
| 4 | May 05, 2022 | May 19, 2022 | Jun 21, 2022 | £2.50 | 1.97% |
| 5 | Nov 24, 2021 | Feb 10, 2022 | Mar 11, 2022 | £1.00 | 0.591% |
FAQ
Click here for our free guide on how to buy Virgin Money UK PLC Stock.
