Vodafone Group Public Limited Company Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Vodafone Group Public Limited Company stock after gaining 0.116%
(Updated on Apr 26, 2024)
The Vodafone Group Public Limited Company stock price gained 0.116% on the last trading day (Friday, 26th Apr 2024), rising from £69.00 to £69.08. During the last trading day the stock fluctuated 1.33% from a day low at £69.08 to a day high of £70.00. The price has fallen in 5 of the last 10 days but is still up by 2.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 43 million shares were bought and sold for approximately £2.98 billion.
The stock lies in the middle of a wide and weak 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 3.54% during the next 3 months and, with a 90% probability hold a price between £67.39 and £74.81 at the end of this 3-month period.
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VOD.L Signals & Forecast
The Vodafone Group Public Limited Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £68.58 and £68.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.57%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 -4.70% to £65.83 within 16 trading days since signal was issued (Monday, April 29, 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 £0.92 (1.33%) between high and low. For the last week, the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: £65.75 (-4.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (VOD.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Vodafone Group Public Limited Company to open at £69.39, and during the day (based on 14 day Average True Range), to move between £67.55 and £70.61, which gives a possible trading interval of +/-£1.53 (+/-2.21%) 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 4.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £69.62 (0.78%) than the support at £66.50 (3.73%), 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 Vodafone Group Public Limited Company stock A Buy?
Vodafone Group Public Limited Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.255 Hold/Accumulate Unchanged
Predicted Opening Price for Vodafone Group Public Limited Company of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £69.39 ( 0.444%) | £69.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOD.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.31 | 1.78 % | |
| R2 | 69.96 | 1.27 % | ||
| R1 | 69.74 | 0.95 % | ||
| Current price: | 69.08 | |||
| Support | S1 | 69.04 | -0.0648 % | |
| S2 | 68.82 | -0.379 % | ||
| S3 | 68.47 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.46 | 2.00 % | |
| R2 | 69.85 | 1.11 % | ||
| R1 | 69.62 | 0.782 % | ||
| Current price | 69.08 | |||
| Support | S1 | 66.50 | -3.73% | |
| S2 | 66.25 | -4.10% | ||
| S3 | 65.37 | -5.37% |
VOD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £4.50 | 6.35% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £4.50 | 6.07% |
| 3 | Nov 15, 2022 | Nov 24, 2022 | Feb 03, 2023 | £4.50 | 4.94% |
| 4 | May 17, 2022 | Jun 01, 2022 | Aug 05, 2022 | £4.50 | 3.71% |
| 5 | Nov 16, 2021 | Nov 25, 2021 | Feb 04, 2022 | £4.50 | 3.35% |
FAQ
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