Vertu Motors Plc Stock Forecast
Vertu Motors Plc stock price ended at £69.00 on Wednesday, after gaining 0.583%.
(Updated on Apr 24, 2024)
The Vertu Motors Plc stock price gained 0.583% on the last trading day (Wednesday, 24th Apr 2024), rising from £68.60 to £69.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.87% from a day low at £67.10 to a day high of £69.70. The price has risen in 6 of the last 10 days and is up by 0.88% over the past 2 weeks. Volume fell on the last day by -99 thousand shares and in total, 424 thousand shares were bought and sold for approximately £29.27 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak 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 3.91% during the next 3 months and, with a 90% probability hold a price between £67.35 and £74.32 at the end of this 3-month period.
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VTU.L Signals & Forecast
The Vertu Motors Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £66.59 and £67.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.81%. Further rise is indicated 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 it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 09, 2024 and based on theory for this formation the price should fall by -10.24% to £61.93 within 24 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for Vertu Motors Plc stock
Vertu Motors Plc finds support from accumulated volume at £67.70 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 £2.60 (3.87%) between high and low. For the last week, the stock has had daily average volatility of 4.86%.
Our recommended stop-loss: £66.57 (-3.52%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (VTU.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Vertu Motors Plc to open at £68.60, and during the day (based on 14 day Average True Range), to move between £66.23 and £71.77, which gives a possible trading interval of +/-£2.77 (+/-4.02%) up or down from last closing price. If Vertu Motors Plc takes out the full calculated possible swing range there will be an estimated 8.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £69.20 (0.29%) than the support at £67.70 (1.88%), 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.
Is Vertu Motors Plc stock A Buy?
Vertu Motors 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.
Current score: -0.655 Hold/Accumulate Unchanged
Predicted Opening Price for Vertu Motors Plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £68.60 ( 0.580%) | £69.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTU.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.20 | 3.19 % | |
| R2 | 70.21 | 1.75 % | ||
| R1 | 69.59 | 0.86 % | ||
| Current price: | 69.00 | |||
| Support | S1 | 67.61 | -2.02 % | |
| S2 | 66.99 | -2.91 % | ||
| S3 | 66.00 | -4.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.00 | 1.45 % | |
| R2 | 69.90 | 1.30 % | ||
| R1 | 69.20 | 0.290 % | ||
| Current price | 69.00 | |||
| Support | S1 | 67.70 | -1.88% | |
| S2 | 67.00 | -2.90% | ||
| S3 | 64.60 | -6.38% |
VTU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | £0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | £1.45 | 2.09% |
| 3 | Oct 05, 2022 | Dec 15, 2022 | Jan 20, 2023 | £0.700 | 1.23% |
| 4 | May 11, 2022 | Jun 30, 2022 | Jul 29, 2022 | £1.05 | 1.79% |
| 5 | Oct 13, 2021 | Dec 16, 2021 | Jan 21, 2022 | £0.650 | 1.01% |
FAQ
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