Leverage Shares 3x Airbnb Etc ETF Forecast
Green day on Wednesday for Leverage Shares 3x Airbnb Etc ETF after gaining 0.778%
(Updated on Jun 19, 2024)
The Leverage Shares 3x Airbnb Etc ETF price gained 0.778% on the last trading day (Wednesday, 19th Jun 2024), rising from £32.96 to £33.21. During the last trading day the ETF fluctuated 0% from a day low at £33.21 to a day high of £33.21. The price has risen in 6 of the last 10 days and is up by 8.31% over the past 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 0 shares were bought and sold for approximately £0 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £34.50 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -39.99% during the next 3 months and, with a 90% probability hold a price between £13.12 and £20.70 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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3ABN.L Signals & Forecast
There are mixed signals in the ETF today. The Leverage Shares 3x Airbnb Etc ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £34.37. On a fall, the ETF will find some support from the short-term average at £32.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Leverage Shares 3x Airbnb Etc ETF
Leverage Shares 3x Airbnb Etc finds support from accumulated volume at £31.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved £0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 4.09%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3ABN.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Leverage Shares 3x Airbnb Etc to open at £33.21, and during the day (based on 14 day Average True Range), to move between £31.14 and £35.29, which gives a possible trading interval of +/-£2.08 (+/-6.25%) up or down from last closing price. If Leverage Shares 3x Airbnb Etc takes out the full calculated possible swing range there will be an estimated 12.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £33.81 (1.79%) than the support at £31.79 (4.29%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Leverage Shares 3x Airbnb Etc ETF A Buy?
Leverage Shares 3x Airbnb Etc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -3.902 Sell Candidate Unchanged
Predicted Opening Price for Leverage Shares 3x Airbnb Etc of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £33.21 ( 0%) | £33.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3ABN.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.21 | - |
| R2 | 33.21 | - |
| R1 | 33.21 | - |
| Price | 33.21 | |
| S1 | 33.21 | - |
| S2 | 33.21 | - |
| S3 | 33.21 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.63 | 22.33% |
| R2 | 39.42 | 18.68% |
| R1 | 33.81 | 1.79% |
| Price | 33.21 | |
| S1 | 31.79 | -4.29% |
| S2 | 30.81 | -7.24% |
| S3 | 29.72 | -10.52% |
FAQ
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