Versarien plc Stock Forecast
Green day on Friday for Versarien plc
(Updated on Apr 26, 2024)
The Versarien plc stock price gained 1.18% on the last trading day (Friday, 26th Apr 2024), rising from £0.106 to £0.108. During the last trading day the stock fluctuated 4.96% from a day low at £0.105 to a day high of £0.110. The price has been going up and down for this period, and there has been a -6.52% loss for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately £239.42 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 very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.67% during the next 3 months and, with a 90% probability hold a price between £0.0616 and £0.166 at the end of this 3-month period.
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VRS.L Signals & Forecast
There are mixed signals in the stock today. The Versarien plc 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 £0.122. On a fall, the stock will find some support from the short-term average at £0.107. 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. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -44.87%. Further fall is indicated until a new bottom pivot has been found. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Versarien plc stock
Versarien plc finds support from accumulated volume at £0.104 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.0052 between high and low, or 4.96%. For the last week the stock has had daily average volatility of 9.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VRS.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Versarien plc to open at £0.107, and during the day (based on 14 day Average True Range), to move between £0.0897 and £0.125, which gives a possible trading interval of +/-£0.0178 (+/-16.60%) up or down from last closing price. If Versarien plc takes out the full calculated possible swing range there will be an estimated 33.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.110 (1.86%) than the support at £0.104 (3.26%), 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 Versarien plc stock A Buy?
Versarien plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -5.514 Strong Sell Candidate Unchanged
Predicted Opening Price for Versarien plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £0.107 ( 0.0620%) | £0.108 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VRS.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.113 | 4.78 % | |
| R2 | 0.111 | 2.93 % | ||
| R1 | 0.109 | 1.79 % | ||
| Current price: | 0.108 | |||
| Support | S1 | 0.105 | -1.91 % | |
| S2 | 0.104 | -3.05 % | ||
| S3 | 0.102 | -4.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.129 | 19.53 % | |
| R2 | 0.123 | 13.95 % | ||
| R1 | 0.110 | 1.86 % | ||
| Current price | 0.108 | |||
| Support | S1 | 0.104 | -3.26% | |
| S2 | 0.102 | -5.49% | ||
| S3 | 0.0950 | -11.63% |
FAQ
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