Leverage Shares 3x Amd Etc ETF Forecast
Leverage Shares 3x Amd Etc ETF price down 4.94% on Wednesday
(Updated on Jun 26, 2024)
The Leverage Shares 3x Amd Etc ETF price fell by -4.94% on the last day (Wednesday, 26th Jun 2024) from £2.44 to £2.32. During the last trading day the ETF fluctuated 8.35% from a day low at £2.32 to a day high of £2.51. The price has fallen in 7 of the last 10 days and is down by -8.44% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately £3.39 thousand.
The ETF lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -27.29% during the next 3 months and, with a 90% probability hold a price between £0.94 and £2.02 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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3ADE.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 8.94%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Leverage Shares 3x Amd Etc ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £2.40 and £2.57. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Leverage Shares 3x Amd Etc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Leverage Shares 3x Amd Etc ETF
On the downside, the ETF finds support just below today's level from accumulated volume at £2.13 and £2.10. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Leverage Shares 3x Amd Etc finds support just below today's level at £2.13. If this is broken, then the next support from accumulated volume will be at £2.10 and £1.94.
This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved £0.193 between high and low, or 8.35%. For the last week, the ETF has had daily average volatility of 9.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3ADE.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Leverage Shares 3x Amd Etc to open at £2.38, and during the day (based on 14 day Average True Range), to move between £2.08 and £2.55, which gives a possible trading interval of +/-£0.236 (+/-10.18%) up or down from last closing price. If Leverage Shares 3x Amd Etc takes out the full calculated possible swing range there will be an estimated 20.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £2.13 (8.20%) than the resistance at £2.71 (16.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Leverage Shares 3x Amd Etc ETF A Buy?
Leverage Shares 3x Amd Etc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.911 Sell Candidate Unchanged
Predicted Opening Price for Leverage Shares 3x Amd Etc of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £2.38 ( 2.78%) | £2.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3ADE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.58 | 11.13% |
| R2 | 2.50 | 7.94% |
| R1 | 2.46 | 5.97% |
| Price | 2.32 | |
| S1 | 2.31 | -0.406% |
| S2 | 2.26 | -2.38% |
| S3 | 2.19 | -5.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.84 | 22.51% |
| R2 | 2.73 | 17.80% |
| R1 | 2.71 | 16.80% |
| Price | 2.32 | |
| S1 | 2.13 | -8.20% |
| S2 | 2.10 | -9.39% |
| S3 | 1.94 | -16.29% |
FAQ
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