Versarien plc Stock Forecast
Versarien plc stock price down 0.713% on Thursday
(Updated on May 02, 2024)
The Versarien plc stock price fell by -0.713% on the last day (Thursday, 2nd May 2024) from £0.105 to £0.105. During the last trading day the stock fluctuated 6.31% from a day low at £0.103 to a day high of £0.110. The price has fallen in 5 of the last 10 days and is down by -5.86% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 617 thousand shares were bought and sold for approximately £64.51 thousand.
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 -16.89% during the next 3 months and, with a 90% probability hold a price between £0.0608 and £0.147 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 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 £0.106 and £0.121. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 1.95%. 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).
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 has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved £0.0065 between high and low, or 6.31%. For the last week the stock has had daily average volatility of 5.13%.
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 Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Versarien plc to open at £0.106, and during the day (based on 14 day Average True Range), to move between £0.0898 and £0.119, which gives a possible trading interval of +/-£0.0147 (+/-14.04%) up or down from last closing price. If Versarien plc takes out the full calculated possible swing range there will be an estimated 28.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £0.104 (0.48%) than the resistance at £0.110 (4.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -2.539 Sell Candidate Unchanged
Predicted Opening Price for Versarien plc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £0.106 ( 1.12%) | £0.105 |
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 | 0.112 | 7.34 % | |
| R2 | 0.110 | 4.96 % | ||
| R1 | 0.108 | 3.49 % | ||
| Current price: | 0.105 | |||
| Support | S1 | 0.103 | -1.26 % | |
| S2 | 0.102 | -2.73 % | ||
| S3 | 0.0992 | -5.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.129 | 22.97 % | |
| R2 | 0.123 | 17.22 % | ||
| R1 | 0.110 | 4.78 % | ||
| Current price | 0.105 | |||
| Support | S1 | 0.104 | -0.478% | |
| S2 | 0.100 | -4.31% | ||
| S3 | 0.0950 | -9.09% |
FAQ
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