Vodafone Group Plc Stock Forecast

Stronger technical forecast for Vodafone Group Plc stock price after Tuesday trading.
(Updated on Jul 02, 2024)

VODI.F 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 Vodafone Group 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 0.83€ and 0.86€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -10.07%. Further fall is indicated until a new bottom pivot has been found. Vodafone Group Plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Thursday, May 09, 2024 in the long-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.

Support, Risk & Stop-loss for Vodafone Group Plc stock

Vodafone Group Plc finds support from accumulated volume at 0.81€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.0176€ between high and low, or 2.16%. For the last week, the stock has had daily average volatility of 1.99%.

Our recommended stop-loss: 0.775€ (-5.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 32 days ago.)

Trading Expectations (VODI.F) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Vodafone Group Plc to open at 0.82€, and during the day (based on 14 day Average True Range), to move between 0.799€ and 0.83€, which gives a possible trading interval of +/-0.0172€ (+/-2.11%) up or down from last closing price. If Vodafone Group Plc takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 0.81€ (0.81%) than the resistance at 0.85€ (3.87%), 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 Plc stock A Buy?

Vodafone Group Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.377 Hold/Accumulate Upgraded

Predicted Opening Price for Vodafone Group Plc of Wednesday, July 3, 2024

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