Tue 18'th Sep 2018
Virtu Financial Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
|Shorts||7.46% ( 2018-08-31 )|
|Loans||2 866.1 mill|
Virtu Financial gained 0.92% in the last trading day, rising from $21.80 to $22.00 The price has been going up and down for this period, and there has been a 1.85% gain for the last 2 weeks. Volume fell in the last day by -75 712 shares, and in total, 720 686 shares bought and sold for approximately $15.86 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Virtu Financial lies the upper part of a very wide and falling trend in the short term, and this will 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 $22.80 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 -26.74% during the next 3 months and, with 90% probability hold a price between $11.47 and $16.71 at the end of this period.
Only positive signals in the chart today. Virtu Financial holds buy signals from both short- and long-term moving averages. In addition, 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 $21.62 and $21.41. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday September 12, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
Virtu Financial finds support from accumulated volume at $21.40.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.55 (2.54%) between high and low. For the last week, the stock has had a daily average volatility of 3.34%.
Our recommended stoploss: $21.09 (-4.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
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Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.Click for Top 5 Buy Candidates
|VIRT $22.00 $0.20(0.92%)|
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