Virtu Financial Stock Forecast
Green day on Thursday for Virtu Financial
(Updated on Apr 18, 2024)
The Virtu Financial stock price gained 0.439% on the last trading day (Thursday, 18th Apr 2024), rising from $20.48 to $20.57. During the last trading day the stock fluctuated 1.23% from a day low at $20.35 to a day high of $20.60. The price has been going up and down for this period, and there has been a -0.63% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 214 thousand more shares were traded than the day before. In total, 651 thousand shares were bought and sold for approximately $13.39 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.73% during the next 3 months and, with a 90% probability hold a price between $25.03 and $27.76 at the end of this 3-month period.
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VIRT Signals & Forecast
The Virtu Financial 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 $20.52 and $19.92. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, April 03, 2024, and so far it has fallen -3.34%. 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).
Support, Risk & Stop-loss for Virtu Financial stock
On the downside, the stock finds support just below today's level from accumulated volume at $18.87 and $17.46. 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, Virtu Financial finds support just below today's level at $18.87. If this is broken, then the next support from accumulated volume will be at $17.46 and $16.83.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.250 (1.23%) between high and low. For the last week, the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: $19.63 (-4.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (VIRT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Virtu Financial to open at $20.51, and during the day (based on 14 day Average True Range), to move between $20.11 and $21.03, which gives a possible trading interval of +/-$0.456 (+/-2.22%) up or down from last closing price. If Virtu Financial takes out the full calculated possible swing range there will be an estimated 4.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.04 (2.28%) than the support at $18.87 (8.26%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Virtu Financial will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.550. We will update the financials statements for Virtu Financial, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.52% in the first trading day after earnings release.
Is Virtu Financial 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 Virtu Financial stock to perform well in the short-term.
Current score: 1.629 Buy Candidate Unchanged
Predicted Opening Price for Virtu Financial of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $20.51 ( 0.308%) | $20.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIRT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.76 | 0.91 % | |
| R2 | 20.66 | 0.443 % | ||
| R1 | 20.60 | 0.156 % | ||
| Current price: | 20.57 | |||
| Support | S1 | 20.41 | -0.772 % | |
| S2 | 20.35 | -1.06 % | ||
| S3 | 20.26 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.28 | 3.45 % | |
| R2 | 21.09 | 2.53 % | ||
| R1 | 21.04 | 2.28 % | ||
| Current price | 20.57 | |||
| Support | S1 | 18.87 | -8.26% | |
| S2 | 17.46 | -15.12% | ||
| S3 | 16.83 | -18.18% |
VIRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 25, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.240 | 1.24% |
| 2 | Nov 30, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.240 | 1.16% |
| 3 | Aug 05, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.240 | 1.40% |
| 4 | Apr 20, 2023 | May 31, 2023 | Jun 15, 2023 | $0.240 | 1.29% |
| 5 | Jan 26, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.240 | 1.35% |
FAQ
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