Virtu Financial Stock Forecast
Virtu Financial stock price up 2.56% on Thursday
(Updated on Apr 25, 2024)
The Virtu Financial stock price gained 2.56% on the last trading day (Thursday, 25th Apr 2024), rising from $21.84 to $22.40. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.25% from a day low at $21.86 to a day high of $22.57. The price has risen in 8 of the last 10 days and is up by 11.17% over the past 2 weeks. Volume fell on the last day by -884 thousand shares and in total, 2 million shares were bought and sold for approximately $35.94 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 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 33.50% during the next 3 months and, with a 90% probability hold a price between $28.13 and $30.38 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 $21.23 and $20.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 11.17%. 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).
Support, Risk & Stop-loss for Virtu Financial stock
Virtu Financial finds support from accumulated volume at $21.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.710 between high and low, or 3.25%. For the last week the stock has had daily average volatility of 2.96%.
Since the Virtu Financial has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $21.72 (-3.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (VIRT) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Virtu Financial to open at $22.28, and during the day (based on 14 day Average True Range), to move between $21.85 and $22.95, which gives a possible trading interval of +/-$0.554 (+/-2.47%) up or down from last closing price. If Virtu Financial takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $21.84, some $0.560 (2.50%) from the current price of $22.40, our system finds the risk reward attractive.
Is Virtu Financial stock A Buy?
Virtu Financial holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.489 Strong Buy Candidate Unchanged
Predicted Opening Price for Virtu Financial of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $22.28 ( 0.551%) | $22.40 |
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 | 22.99 | 2.62 % | |
| R2 | 22.72 | 1.41 % | ||
| R1 | 22.55 | 0.660 % | ||
| Current price: | 22.40 | |||
| Support | S1 | 22.01 | -1.76 % | |
| S2 | 21.84 | -2.51 % | ||
| S3 | 21.57 | -3.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 22.40 | |||
| Support | S1 | 21.84 | -2.50% | |
| S2 | 18.87 | -15.76% | ||
| S3 | 16.83 | -24.87% |
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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