Vodafone Group Public Limited Company Stock Forecast
Red day on Thursday for Vodafone Group Public Limited Company stock after losing 0.150%
(Updated on Apr 18, 2024)
The Vodafone Group Public Limited Company stock price fell by -0.150% on the last day (Thursday, 18th Apr 2024) from £66.48 to £66.38. During the last trading day the stock fluctuated 1.70% from a day low at £65.96 to a day high of £67.08. The price has fallen in 8 of the last 10 days and is down by -5.31% for this period. Volume has increased on the last day by 30 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 64 million shares were bought and sold for approximately £4.22 billion.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Vodafone Group Public Limited Company stock with a 90% probability to be traded between £64.99 and £72.70 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VOD.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.484%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vodafone Group Public Limited Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £66.74 and £68.51. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Wednesday, April 03, 2024 and based on theory for this formation the price should fall by -0.83% to £65.83 within 16 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for Vodafone Group Public Limited Company stock
Vodafone Group Public Limited Company finds support from accumulated volume at £66.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £1.12 (1.70%) between high and low. For the last week, the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: £62.94 (-5.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (VOD.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Vodafone Group Public Limited Company to open at £66.47, and during the day (based on 14 day Average True Range), to move between £64.86 and £67.90, which gives a possible trading interval of +/-£1.52 (+/-2.29%) up or down from last closing price. If Vodafone Group Public Limited Company takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £66.25 (0.20%) than the resistance at £67.64 (1.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vodafone Group Public Limited Company stock A Buy?
Vodafone Group Public Limited Company holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.797 Hold/Accumulate Unchanged
Predicted Opening Price for Vodafone Group Public Limited Company of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £66.47 ( 0.141%) | £66.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOD.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.59 | 1.83 % | |
| R2 | 67.17 | 1.18 % | ||
| R1 | 66.90 | 0.785 % | ||
| Current price: | 66.38 | |||
| Support | S1 | 66.05 | -0.504 % | |
| S2 | 65.78 | -0.90 % | ||
| S3 | 65.35 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.46 | 6.15 % | |
| R2 | 69.85 | 5.23 % | ||
| R1 | 67.64 | 1.90 % | ||
| Current price | 66.38 | |||
| Support | S1 | 66.25 | -0.196% | |
| S2 | 65.37 | -1.52% | ||
| S3 | 62.97 | -5.14% |
VOD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £4.50 | 6.35% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £4.50 | 6.07% |
| 3 | Nov 15, 2022 | Nov 24, 2022 | Feb 03, 2023 | £4.50 | 4.94% |
| 4 | May 17, 2022 | Jun 01, 2022 | Aug 05, 2022 | £4.50 | 3.71% |
| 5 | Nov 16, 2021 | Nov 25, 2021 | Feb 04, 2022 | £4.50 | 3.35% |
FAQ
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