Down -6.93% in 4 Weeks, Here's Why You Should You Buy the Dip in Vodafone Group PLC (VOD)

Published on 12 Feb 2024 on Zacks via Yahoo Finance

Down -6.93% in 4 Weeks, Here's Why You Should You Buy the Dip in Vodafone Group PLC (VOD)

Vodafone Group PLC (VOD) has been on a downward spiral lately with significant selling pressure. After declining 6.9% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.

Guide to Identifying Oversold Stocks

We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.

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Down -6.93% in 4 Weeks, Here's Why You Should You Buy the Dip in Vodafone Group PLC (VOD)

LSE.VOD price evolution

NASDAQ.VOD price evolution

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