VIRT - Virtu Financial

Industry: Investment Brokerage - National Sector: Financial Exchange: NASDAQ

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 0.92%
PRICE $22.00
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Virtu Financial Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Buy candidate since 2018-09-14 Gain 0.69%
Shorts 7.46% ( 2018-08-31 )
Cash n/a
Loans 2 866.1 mill
Beta -0.79
ROA 3.40

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.

Trend

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.

Click here for today's Top 5 Trending Companies

Signals

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.

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Relative Strength Index (RSI)

RSI14 is 48 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Virtu Financial finds support from accumulated volume at $21.40.

Support: $21.40 Price: $22.00 Resistance: $26.50

Risk

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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

Buy Candidate

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VIRT $22.00 $0.20(0.92%)
VIRT is up $0.20 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for VIRT based on the 1-3 month system that more than doubles the S&P 500.

Click here – the VIRT analysis is free »
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