Leverage Shares Public Limited ETF Forecast
Leverage Shares Public Limited ETF price ended at £0.238 on Thursday, after gaining 1.58%.
(Updated on Jul 04, 2024)
The Leverage Shares Public Limited ETF price gained 1.58% on the last trading day (Thursday, 4th Jul 2024), rising from £0.234 to £0.238. During the last trading day the ETF fluctuated 0.252% from a day low at £0.238 to a day high of £0.238. The price has risen in 5 of the last 10 days but is still down by -8.08% for this period. Volume fell on the last day by -1 thousand shares and in total, 3 thousand shares were bought and sold for approximately £654.86 . 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 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 -44.04% during the next 3 months and, with a 90% probability hold a price between £0.114 and £0.149 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
A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 4.85%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 £0.249 and £0.267. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Leverage Shares Public Limited ETF
Leverage Shares Public Limited finds support from accumulated volume at £0.235 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, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved £0.0006 between high and low, or 0.252%. For the last week the ETF has had daily average volatility of 1.98%.
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 Friday 5th
For the upcoming trading day on Friday, 5th we expect Leverage Shares Public Limited to open at £0.238, and during the day (based on 14 day Average True Range), to move between £0.226 and £0.249, which gives a possible trading interval of +/-£0.0118 (+/-4.96%) 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 9.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £0.235 (1.35%) than the resistance at £0.260 (9.51%), 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 ETF A Buy?
Leverage Shares Public Limited 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: -2.928 Sell Candidate Unchanged
Predicted Opening Price for Leverage Shares Public Limited of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| £0.238 ( 0.0841%) | £0.238 |
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 | 0.239 | 0.337% |
| R2 | 0.238 | 0.240% |
| R1 | 0.238 | 0.181% |
| Price | 0.238 | |
| S1 | 0.238 | -0.0123% |
| S2 | 0.238 | -0.0719% |
| S3 | 0.237 | -0.168% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.270 | 13.57% |
| R2 | 0.269 | 13.34% |
| R1 | 0.260 | 9.51% |
| Price | 0.238 | |
| S1 | 0.235 | -1.35% |
| S2 | 0.234 | -1.56% |
| S3 | 0.227 | -4.63% |
FAQ
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