Leverage Shares Public Limited Stock Forecast
Leverage Shares Public Limited stock price fell more than -7.21% Friday closing at £175.28
(Updated on Jun 28, 2024)
The Leverage Shares Public Limited stock price fell by -7.21% on the last day (Friday, 28th Jun 2024) from £188.90 to £175.28. During the last trading day the stock fluctuated 3.65% from a day low at £172.60 to a day high of £178.90. The price has fallen in 5 of the last 10 days and is down by -6.57% for this period. Volume has increased on the last day by 158 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, 158 shares were bought and sold for approximately £27.69 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £173.29 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.83% during the next 3 months and, with a 90% probability hold a price between £181.65 and £344.66 at the end of this 3-month period.
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3BAB.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Leverage Shares Public Limited stock 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 £187.83 and £223.90. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -45.52%. Further fall is indicated until a new bottom pivot has been found. Leverage Shares Public Limited 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 Public Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at £165.52 and £162.73. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Leverage Shares Public Limited finds support just below today's level at £165.52. If this is broken, then the next support from accumulated volume will be at £162.73 and £161.43.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £6.30 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 2.43%.
Leverage Shares Public Limited is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: £165.49 (-5.58%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 21 which reduces the risk some. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (3BAB.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Leverage Shares Public Limited to open at £175.59, and during the day (based on 14 day Average True Range), to move between £163.23 and £187.32, which gives a possible trading interval of +/-£12.04 (+/-6.87%) up or down from last closing price. If Leverage Shares Public Limited takes out the full calculated possible swing range there will be an estimated 13.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £165.52 (5.57%) than the resistance at £203.50 (16.10%), 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 Public Limited stock A Buy?
Leverage Shares Public Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Leverage Shares Public Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £175.59 ( 0.181%) | £175.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3BAB.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 181.89 | 3.78% |
| R2 | 179.49 | 2.40% |
| R1 | 178.00 | 1.55% |
| Price | 175.28 | |
| S1 | 173.19 | -1.19% |
| S2 | 171.70 | -2.04% |
| S3 | 169.29 | -3.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 208.98 | 19.23% |
| R2 | 208.10 | 18.73% |
| R1 | 203.50 | 16.10% |
| Price | 175.28 | |
| S1 | 165.52 | -5.57% |
| S2 | 162.73 | -7.16% |
| S3 | 161.43 | -7.90% |
FAQ
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