Vodafone Group Plc Stock Forecast
Vodafone Group Plc stock downgraded to Sell Candidate
(Updated on May 03, 2024)
The Vodafone Group Plc stock price gained 0.376% on the last trading day (Friday, 3rd May 2024), rising from 0.799€ to 0.80€. During the last trading day the stock fluctuated 1.10% from a day low at 0.796€ to a day high of 0.81€. The price has risen in 7 of the last 10 days and is up by 1.98% over the past 2 weeks. Volume fell on the last day by -935 thousand shares and in total, 814 thousand shares were bought and sold for approximately 652.27€ 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 middle of a 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 2.71% during the next 3 months and, with a 90% probability hold a price between 0.81€ and 0.87€ at the end of this 3-month period.
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VODI.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.85%. Further rise is indicated until a new top pivot has been found. 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 Vodafone Group 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 0.80€ and 0.80€. A break-up above any of these levels will issue buy signals. 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 Vodafone Group Plc stock
Vodafone Group Plc finds support from accumulated volume at 0.789€ 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 therefore the general risk is considered very 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 0.0088€ between high and low, or 1.10%. For the last week the stock has had daily average volatility of 1.89%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VODI.F) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Vodafone Group Plc to open at 0.80€, and during the day (based on 14 day Average True Range), to move between 0.785€ and 0.82€, which gives a possible trading interval of +/-0.0170€ (+/-2.12%) up or down from last closing price. If Vodafone Group Plc takes out the full calculated possible swing range there will be an estimated 4.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.81€ (0.61%) than the support at 0.789€ (1.63%), 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 Plc stock A Buy?
The Vodafone Group Plc stock holds several negative signals and despite the positive trend, we believe Vodafone Group Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.210 Sell Candidate Downgraded
Predicted Opening Price for Vodafone Group Plc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 0.80€ ( 0.0665%) | 0.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VODI.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.81 | 1.03 % | |
| R2 | 0.81 | 0.612 % | ||
| R1 | 0.80 | 0.353 % | ||
| Current price: | 0.80 | |||
| Support | S1 | 0.798 | -0.486 % | |
| S2 | 0.796 | -0.745 % | ||
| S3 | 0.792 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.83 | 3.73 % | |
| R2 | 0.81 | 0.86 % | ||
| R1 | 0.81 | 0.611 % | ||
| Current price | 0.80 | |||
| Support | S1 | 0.789 | -1.63% | |
| S2 | 0.783 | -2.32% | ||
| S3 | 0.760 | -5.25% |
VODI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | 0.0450€ | 0% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | 0.0450€ | 0% |
| 3 | Nov 24, 2022 | Nov 24, 2022 | Nov 24, 2022 | 0.0450€ | 0% |
| 4 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | 0.0450€ | 0% |
| 5 | Nov 25, 2021 | Nov 25, 2021 | Nov 25, 2021 | 0.0450€ | 0% |
FAQ
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