Volta Finance Limited Stock Forecast
Red day on Thursday for Volta Finance Limited stock after losing 0%
(Updated on May 09, 2024)
No changes to the price of Volta Finance Limited stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at £5.15 to a day high of £5.15. The price has been going up and down for this period, and there has been a 2.18% gain for the last 2 weeks.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £5.15 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.44% during the next 3 months and, with a 90% probability hold a price between £4.72 and £5.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VTA.L Signals & Forecast
The Volta Finance Limited 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 £5.07 and £5.07. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Volta Finance Limited stock
Volta Finance Limited finds support from accumulated volume at £5.13 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.675%
Our recommended stop-loss: £4.96 (-3.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (VTA.L) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Volta Finance Limited to open at £5.15, and during the day (based on 14 day Average True Range), to move between £5.08 and £5.22, which gives a possible trading interval of +/-£0.0651 (+/-1.26%) up or down from last closing price. If Volta Finance Limited takes out the full calculated possible swing range there will be an estimated 2.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £5.13 (0.49%) than the resistance at £5.21 (1.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Volta Finance Limited stock A Buy?
Volta Finance Limited 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Volta Finance Limited of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| £5.15 ( 0%) | £5.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.15 | . | |
| R2 | 5.15 | . | ||
| R1 | 5.15 | . | ||
| Current price: | 5.15 | |||
| Support | S1 | 5.15 | . | |
| S2 | 5.15 | . | ||
| S3 | 5.15 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.26 | 2.05 % | |
| R2 | 5.24 | 1.70 % | ||
| R1 | 5.21 | 1.17 % | ||
| Current price | 5.15 | |||
| Support | S1 | 5.13 | -0.485% | |
| S2 | 5.04 | -2.14% | ||
| S3 | 4.90 | -4.85% |
VTA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 25, 2024 | £0.140 | 2.78% |
| 2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | £0.135 | 2.70% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | £0.130 | 2.61% |
| 4 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | £0.130 | 2.60% |
| 5 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | £0.130 | 2.60% |
FAQ
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