Leverage Shares Public Limited ETF Forecast
Leverage Shares Public Limited ETF upgraded to Sell Candidate.
(Updated on Jul 03, 2024)
The Leverage Shares Public Limited ETF price gained 3.22% on the last trading day (Wednesday, 3rd Jul 2024), rising from £0.227 to £0.234. During the last trading day the ETF fluctuated 1.59% from a day low at £0.233 to a day high of £0.236. The price has risen in 5 of the last 10 days but is still down by -7.84% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately £917.05 .
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 -44.51% during the next 3 months and, with a 90% probability hold a price between £0.112 and £0.150 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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3DIE.L Signals & Forecast
There are mixed signals in the ETF today. The Leverage Shares Public Limited 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 £0.253 and £0.269. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 3.22%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Leverage Shares Public Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Leverage Shares Public Limited ETF
Leverage Shares Public Limited finds support from accumulated volume at £0.227 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved £0.0037 between high and low, or 1.59%. For the last week, the ETF has had daily average volatility of 1.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3DIE.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Leverage Shares Public Limited to open at £0.234, and during the day (based on 14 day Average True Range), to move between £0.222 and £0.246, which gives a possible trading interval of +/-£0.0124 (+/-5.29%) 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 10.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.235 (0.21%) than the support at £0.227 (3.12%), 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 Public Limited ETF A Buy?
Leverage Shares Public Limited 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.196 Sell Candidate Upgraded
Predicted Opening Price for Leverage Shares Public Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| £0.234 ( 0.128%) | £0.234 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3DIE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.238 | 1.71% |
| R2 | 0.237 | 1.11% |
| R1 | 0.236 | 0.732% |
| Price | 0.234 | |
| S1 | 0.233 | -0.476% |
| S2 | 0.232 | -0.85% |
| S3 | 0.231 | -1.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.269 | 15.13% |
| R2 | 0.260 | 11.24% |
| R1 | 0.235 | 0.214% |
| Price | 0.234 | |
| S1 | 0.227 | -3.12% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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