Leverage Shares 3x Alphabet Etp Scs ETF Forecast

Green day on Tuesday for Leverage Shares 3x Alphabet Etp Scs
(Updated on Jun 25, 2024)

3GOO.MI Signals & Forecast

The Leverage Shares 3x Alphabet Etp Scs ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 62.51€ and 60.56€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 9.03%. 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. 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 3x Alphabet Etp Scs ETF

Leverage Shares 3x Alphabet Etp Scs finds support from accumulated volume at 64.22€ 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 1.74€ between high and low, or 2.72%. For the last week the ETF has had daily average volatility of 2.52%.

Our recommended stop-loss: 63.56€ (-3.25%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (3GOO.MI) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Leverage Shares 3x Alphabet Etp Scs to open at 65.12€, and during the day (based on 14 day Average True Range), to move between 63.69€ and 67.71€, which gives a possible trading interval of +/-2.01€ (+/-3.06%) up or down from last closing price. If Leverage Shares 3x Alphabet Etp Scs takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 64.22€, some 1.48€ (2.25%) from the current price of 65.70€, our system finds the risk reward attractive.

Is Leverage Shares 3x Alphabet Etp Scs ETF A Buy?

Several short-term signals, along with a general good trend, are positive and the ETF has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Leverage Shares 3x Alphabet Etp Scs ETF to perform well in the short-term period. Due to a possible false trend-break listing ETF as pure buy candidate is held back.

Current score: 4.501 Buy Candidate Unchanged

Predicted Opening Price for Leverage Shares 3x Alphabet Etp Scs of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.