mid-cap

UK Bullish Indications on One LSE-Listed Household Goods Stock Trading Near Resistance Levels - VTY

Mar 14, 2024 | Team Kalkine

Read Time :5 min

UK Bullish Indications on One LSE-Listed Household Goods Stock Trading Near Resistance Levels - VTY

VTY

Investment Type

Mid - Cap

Risk Level

Action

Rec. Price (GBX)

Company Overview: Vistry Group PLC (LON: VTY) is a United Kingdom-based company that develops new homes and communities across all sectors of the United Kingdom housing market. The Company's segments include Housebuilding, Partnerships and Countryside. The Housebuilding segment develops sites across England, providing private and affordable housing on land owned by the Group or the Group’s joint ventures.

As per the previous recommendation on VTY on February 07, 2024, a ‘Speculative Buy’ rating was given on the stock at GBX 989.00, and noted below are the details of the recommendation summary provided in the previous report:

Technical Analysis summary as on February 07, 2024

VTY’s Weekly Chart

Considering the target levels achievement, current trading levels and associated risks, it is prudent to book profits at the current levels. Hence, a ‘Sell’ rating has been provided on the stock at the Current Price of GBX 1124.00 at 12:30PM GMT, as on March 14, 2024.

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is March 14, 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.

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