Vodafone stock price forecast: GBX 112.90–GBX 115.45 range as VOD drops 1.97%

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Vodafone drops 1.97% to GBX114.30 today

Highlights

Vodafone repurchased 2,000,000 shares on April 17, 2026, reducing outstanding shares to 23,067,372,665 as part of its ongoing buyback program.
Progress on space-based 4G/5G services with AST SpaceMobile was hindered by the BlueBird 7 satellite's launch error, though trials may still proceed this year.
Vodafone trades in a bullish technical structure, with strong momentum and a predicted price band of GBX 112.90 to GBX 115.45 next week.

Share buyback expands treasury holdings as satellite setback weighs

Vodafone repurchased 2,000,000 of its ordinary shares on April 17, 2026, as part of its ongoing buyback programme, with the acquired shares to be held in treasury. This transaction increased Vodafone's treasury holdings to 1,261,005,924 shares and reduced the number of shares in issue to 23,067,372,665. The company's joint plan with AST SpaceMobile to roll out space-based 4G and 5G services in the UK faced a setback after the BlueBird 7 satellite was launched into the wrong orbit, though trial services may still begin later in the year, even as price action has remained under broader selling pressure.

Bullish momentum persists as price nears overbought territory

The current price trades above the SMA-20 at GBX 113.84, the SMA-50 at GBX 112.84, and the SMA-200 at GBX 96.35. The Ichimoku Kijun sits at GBX 112.18, providing immediate support. On the momentum side, the MACD continues to deliver a strong buy signal, while ADX remains subdued at 14.34, pointing to a lack of intraday trend commitment. RSI is at 59.88 and CCI stands at 52.14, both reflecting steady momentum, with Stoch RSI at 36.33 and BBP elevated at 1.35, indicating strong buyer dominance alongside signs of the price trading near overbought conditions. Intraday volatility is moderate, and current trading is close to the lower end of today's range.

Upside favored amid volatility as support levels limit downside

For the coming week, VOD is expected to trade within a typical volatility band from GBX 112.90 to GBX 115.45. Upside potential dominates, with a more than 80% probability of a price increase indicated by bullish weekly trend signals. A break above GBX 115.45 could extend gains, while a decline below GBX 112.90 may trigger profit-taking and short-term pullbacks, though longer-term support levels are expected to hold.

Viktoras Karapetjanc, analyst at Traders Union, sees Vodafone’s fundamentals supported by continued share buybacks, even as technicals point to steady momentum above key moving averages. He notes that despite short-term setbacks in the space-based rollout with AST SpaceMobile, sentiment remains constructive as bullish signals dominate the weekly outlook. Macro conditions around telecom demand and positive company actions reinforce his optimistic stance. Resistance at GBX 115.45 may serve as the next key trigger. "With volatility contained and momentum favoring the bulls, I expect Vodafone to break higher if it holds above GBX 112.90 this week."

Earlier, analysts noted that Vodafone displayed resilient bullish momentum despite overbought signals and underlying market risks, with long-term support remaining constructive. The latest price action and continued technical strength reinforce the prevailing bullish bias, making a sustained move above GBX 115.45 a key catalyst for further upside in the near term.

Source of Data: VOD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.