Vertu Motors Plc Stock Forecast
Green day on Friday for Vertu Motors Plc stock after gaining 1.99%
(Updated on May 03, 2024)
The Vertu Motors Plc stock price gained 1.99% on the last trading day (Friday, 3rd May 2024), rising from £70.50 to £71.90. During the last trading day the stock fluctuated 3.39% from a day low at £69.64 to a day high of £72.00. The price has risen in 7 of the last 10 days and is up by 10.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 459 thousand more shares were traded than the day before. In total, 781 thousand shares were bought and sold for approximately £56.16 million.
The stock lies in the upper part of a wide and weak rising 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 £73.18 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.85% during the next 3 months and, with a 90% probability hold a price between £70.00 and £78.19 at the end of this 3-month period.
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VTU.L Signals & Forecast
Mostly positive signals in the chart today. The Vertu Motors Plc 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 £70.19 and £67.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 11.30%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Vertu Motors Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £67.70 and £64.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vertu Motors Plc finds support just below today's level at £67.70. If this is broken, then the next support from accumulated volume will be at £64.90 and £64.60.
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 £2.36 between high and low, or 3.39%. For the last week, the stock has had daily average volatility of 4.24%.
Our recommended stop-loss: £69.17 (-3.79%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (VTU.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Vertu Motors Plc to open at £71.18, and during the day (based on 14 day Average True Range), to move between £69.11 and £74.69, which gives a possible trading interval of +/-£2.79 (+/-3.88%) up or down from last closing price. If Vertu Motors Plc takes out the full calculated possible swing range there will be an estimated 7.75% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £67.70, some £4.20 (5.84%) from the current price of £71.90, our system finds the risk reward attractive.
Earnings coming up
Vertu Motors Plc will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Vertu Motors Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.69% in the first trading day after earnings release.
Is Vertu Motors Plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Vertu Motors Plc stock to perform well in the short-term.
Current score: 4.956 Buy Candidate Unchanged
Predicted Opening Price for Vertu Motors Plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £71.18 ( 1.00%) | £71.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTU.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.54 | 2.28 % | |
| R2 | 72.64 | 1.03 % | ||
| R1 | 72.08 | 0.253 % | ||
| Current price: | 71.90 | |||
| Support | S1 | 70.28 | -2.26 % | |
| S2 | 69.72 | -3.03 % | ||
| S3 | 68.82 | -4.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 71.90 | |||
| Support | S1 | 67.70 | -5.84% | |
| S2 | 64.90 | -9.74% | ||
| S3 | 64.60 | -10.15% |
VTU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | £0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | £1.45 | 2.09% |
| 3 | Oct 05, 2022 | Dec 15, 2022 | Jan 20, 2023 | £0.700 | 1.23% |
| 4 | May 11, 2022 | Jun 30, 2022 | Jul 29, 2022 | £1.05 | 1.79% |
| 5 | Oct 13, 2021 | Dec 16, 2021 | Jan 21, 2022 | £0.650 | 1.01% |
FAQ
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