VOD.L runs into sellers again around 183.78

Vodafone Group Plc (VOD.L) Technical Analysis Report for Jul 13, 2018


VOD.L dominated by bears dragging the market lower throughout the day
VOD.L closes lower for the 5th day in a row
VOD.L ends the day on a bearish note closing near the low of the day
VOD.L runs into sellers again around 183.78
VOD.L falls to lowest close since June 25, 2013

TQ Sentiment

Report Sentiment:
33% Bearish
Technical Forecast:
TQ Pro Only
See the overall Technical Analysis forecast for today.


Moving lower for the 5th day in a row, VOD.L ended the week -4.97% lower at 181.50 after losing £1.06 (-0.58%) today on low volume. Today's closing price of 181.50 marks the lowest close since June 25, 2013. The bears were in full control today, moving the market lower throughout the whole session. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for VOD.L


Friday's trading range was £2.34 (1.28%), that's far below last trading month's daily average range of £3.33. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being below average.

Price Action

During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.


Prices are trading close to a key support level at 180.24. After having been unable to move above 184.10 in the prior session, Vodafone ran into sellers again around the same price level today, failing to move higher than 183.78.


The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Order Flow

Selling could accelerate should prices move below the close-by swing low at 180.88 where further sell stops might get triggered. With prices trading close to this year's low at 180.24, downside momentum could speed up should the stock break out to new lows for the year.


While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

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