Vodafone Group Public Limited Company Stock Forecast

Vodafone Group Public Limited Company stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 19, 2024)

VOD.L Signals & Forecast

There are mixed signals in the stock today. The Vodafone Group Public Limited Company stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £68.47. On a fall, the stock will find some support from the short-term average at £66.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.42%. Further rise is indicated until a new top pivot has been found. 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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, April 03, 2024 and based on theory for this formation the price should fall by -1.75% to £65.83 within 16 trading days since signal was issued (Monday, April 22, 2024).

Support, Risk & Stop-loss for Vodafone Group Public Limited Company stock

Vodafone Group Public Limited Company finds support from accumulated volume at £66.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £1.32 (2.01%) between high and low. For the last week, the stock has had daily average volatility of 1.78%.

Our recommended stop-loss: £63.34 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (VOD.L) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Vodafone Group Public Limited Company to open at £66.63, and during the day (based on 14 day Average True Range), to move between £65.49 and £68.51, which gives a possible trading interval of +/-£1.51 (+/-2.25%) up or down from last closing price. If Vodafone Group Public Limited Company takes out the full calculated possible swing range there will be an estimated 4.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £66.50 (0.75%) than the resistance at £69.12 (3.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Vodafone Group Public Limited Company stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Vodafone Group Public Limited Company stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.257 Buy Candidate Upgraded

Predicted Opening Price for Vodafone Group Public Limited Company of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.