Virgin Money UK PLC Stock Forecast
Virgin Money UK PLC stock price down 0% on Tuesday
(Updated on Jul 02, 2024)
No changes to the price of Virgin Money UK PLC stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 2.62% from a day low at £213.40 to a day high of £219.00. The price has risen in 4 of the last 10 days but is still down by -0.19% for this period.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Virgin Money UK PLC stock with a 90% probability to be traded between £210.58 and £213.92 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VMUK.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. On corrections up, there will be some resistance from the lines at £214.11 and £213.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -0.743%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The stock had a Golden Star Signal on Tuesday, June 04, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, June 04, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Wednesday, June 19, 2024 and based on theory for this formation the price should fall by -0.670% to £212.17 within 26 trading days since signal was issued (Thursday, July 25, 2024).
Support, Risk & Stop-loss for Virgin Money UK PLC stock
Virgin Money UK PLC finds support from accumulated volume at £213.20 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 £5.60 between high and low, or 2.62%. For the last week the stock has had daily average volatility of 0.85%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Virgin Money UK PLC to open at £215.33, and during the day (based on 14 day Average True Range), to move between £212.10 and £215.10, which gives a possible trading interval of +/-£1.50 (+/-0.70%) 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 1.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £213.20 (0.19%) than the resistance at £214.20 (0.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Virgin Money UK PLC stock A Buy?
Virgin Money UK PLC holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.189 Sell Candidate Unchanged
Predicted Opening Price for Virgin Money UK PLC of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £215.33 ( 0.81%) | £213.60 |
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 | |
|---|---|---|
| R3 | 220.93 | 3.43% |
| R2 | 218.79 | 2.43% |
| R1 | 217.47 | 1.81% |
| Price | 213.60 | |
| S1 | 213.19 | -0.190% |
| S2 | 211.87 | -0.81% |
| S3 | 209.73 | -1.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 215.00 | 0.655% |
| R2 | 214.60 | 0.468% |
| R1 | 214.20 | 0.281% |
| Price | 213.60 | |
| S1 | 213.20 | -0.187% |
| S2 | 213.00 | -0.281% |
| S3 | 212.80 | -0.375% |
VMUK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jul 30, 2024 | £2.00 | 0.94% |
| 2 | Feb 22, 2024 | Feb 22, 2024 | Feb 22, 2024 | £2.00 | 1.27% |
| 3 | May 18, 2023 | May 18, 2023 | May 18, 2023 | £3.30 | 2.15% |
| 4 | Nov 21, 2022 | Feb 09, 2023 | Mar 15, 2023 | £7.50 | 5.32% |
| 5 | May 05, 2022 | May 19, 2022 | Jun 21, 2022 | £2.50 | 1.97% |
FAQ
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