VOD.L closes within previous day's range after lackluster session

Vodafone Group Plc (VOD.L) Technical Analysis Report for Apr 16, 2018

Highlights

Traders officially love to sell VOD.L against 207.45 level
VOD.L closes lower for the 2nd day in a row
VOD.L still stuck within tight trading range
VOD.L closes within previous day's range after lackluster session
VOD.L ends the day indecisive

TQ Sentiment

Report Sentiment: 28% Bearish
Technical Forecast:

Overview

Moving lower for the 2nd day in a row, VOD.L ended Monday at 206.60 losing £0.25 (-0.12%) on low volume. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for VOD.L

Volatility

Monday's trading range was £2.00 (0.97%), that's below last trading month's daily average range of £3.05. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly above average. Prices continued to consolidate within a tight trading range between 204.00 and 207.85 which it has been in now for the last trading week.

Support/Resistance

Prices are trading close to the key resistance level at 208.25. The stock was sold again around 207.45 after having seen highs at 207.55, 207.85 and 207.70 in the last three trading sessions. Obviously there is something going on at that level.

Trend

Though Vodafone is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.

Order Flow

Buying might speed up should prices move above the nearby swing high at 207.85 where further buy stops could get activated. Further buying might move prices higher should the market test March's close-by high at 208.25.

Conclusion

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

Market Conditions for Vodafone Group Plc

Loading Market Conditions for $VOD.L (Vodafone Group Plc)...
Latest Report:

VOD.L pushes through prior session high

Sep 21, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Vodafone Group Plc traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Stocks

BT.A.L 10 day candlestick chart for BT.A.L 228.85 2.70 (1.19%)
SKY.L 10 day candlestick chart for SKY.L 1,585.00 5.00 (0.32%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!