Vesuvius Plc Stock Forecast
Stronger technical forecast for Vesuvius Plc stock price after Wednesday trading.
(Updated on Apr 24, 2024)
The Vesuvius Plc stock price gained 0.212% on the last trading day (Wednesday, 24th Apr 2024), rising from £472.00 to £473.00. During the last trading day the stock fluctuated 2.47% from a day low at £466.00 to a day high of £477.50. The price has risen in 6 of the last 10 days but is still down by -3.37% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 38 thousand more shares were traded than the day before. In total, 450 thousand shares were bought and sold for approximately £212.78 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Vesuvius Plc stock with a 90% probability to be traded between £459.19 and £499.96 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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VSVS.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.39%. Further rise is indicated until a new top pivot has been found. 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. The Vesuvius Plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £482.94. On a fall, the stock will find some support from the short-term average at £469.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Tuesday, April 02, 2024 and based on theory for this formation the price should fall by -2.16% to £462.79 within 29 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for Vesuvius Plc stock
Vesuvius Plc finds support from accumulated volume at £472.00 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 £11.50 (2.47%) between high and low. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: £448.71 (-5.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (VSVS.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Vesuvius Plc to open at £472.17, and during the day (based on 14 day Average True Range), to move between £460.89 and £485.11, which gives a possible trading interval of +/-£12.11 (+/-2.56%) up or down from last closing price. If Vesuvius Plc takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £472.00 (0.21%) than the resistance at £482.20 (1.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vesuvius Plc stock A Buy?
Vesuvius Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.807 Hold/Accumulate Upgraded
Predicted Opening Price for Vesuvius Plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £472.17 ( 0.176%) | £473.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VSVS.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 483.67 | 2.26 % | |
| R2 | 479.27 | 1.33 % | ||
| R1 | 476.56 | 0.753 % | ||
| Current price: | 473.00 | |||
| Support | S1 | 467.77 | -1.10 % | |
| S2 | 465.06 | -1.68 % | ||
| S3 | 460.67 | -2.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 495.20 | 4.69 % | |
| R2 | 484.60 | 2.45 % | ||
| R1 | 482.20 | 1.95 % | ||
| Current price | 473.00 | |||
| Support | S1 | 472.00 | -0.211% | |
| S2 | 470.40 | -0.550% | ||
| S3 | 468.80 | -0.89% |
VSVS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 31, 2024 | £16.20 | 3.42% |
| 2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £6.80 | 1.57% |
| 3 | Mar 02, 2023 | Apr 20, 2023 | May 31, 2023 | £15.75 | 3.81% |
| 4 | Jul 28, 2022 | Aug 04, 2022 | Sep 16, 2022 | £6.50 | 1.90% |
| 5 | Mar 03, 2022 | Apr 14, 2022 | May 27, 2022 | £15.00 | 4.28% |
FAQ
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