Graniteshares 3x Long Lvmh Dail ETF Forecast
Graniteshares 3x Long Lvmh Dail ETF price up 3.34% on Wednesday
(Updated on Jun 26, 2024)
The Graniteshares 3x Long Lvmh Dail ETF price gained 3.34% on the last trading day (Wednesday, 26th Jun 2024), rising from 3.61€ to 3.73€. During the last trading day the ETF fluctuated 0% from a day low at 3.73€ to a day high of 3.73€. The price has risen in 5 of the last 10 days but is still down by -1.38% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 390 more shares were traded than the day before. In total, 390 shares were bought and sold for approximately 1.45€ 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 -11.75% during the next 3 months and, with a 90% probability hold a price between 2.71€ and 3.47€ 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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3LLV.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 14.39%. Further rise is indicated until a new top pivot has been found. Graniteshares 3x Long Lvmh Dail 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Graniteshares 3x Long Lvmh Dail ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 3.73€. On a fall, the ETF will find some support from the short-term average at 3.50€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Graniteshares 3x Long Lvmh Dail ETF
On the downside, the ETF finds support just below today's level from accumulated volume at 3.44€ and 3.36€. 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, Graniteshares 3x Long Lvmh Dail finds support just below today's level at 3.44€. If this is broken, then the next support from accumulated volume will be at 3.36€ and 3.36€.
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€ between high and low, or 0%. For the last week, the ETF has had daily average volatility of 1.00%.
Our recommended stop-loss: 3.58€ (-4.06%) (This ETF has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (3LLV.PA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Graniteshares 3x Long Lvmh Dail to open at 3.73€, and during the day (based on 14 day Average True Range), to move between 3.57€ and 3.88€, which gives a possible trading interval of +/-0.156€ (+/-4.19%) up or down from last closing price. If Graniteshares 3x Long Lvmh Dail takes out the full calculated possible swing range there will be an estimated 8.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 3.78€ (1.39%) than the support at 3.44€ (7.77%), 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 Graniteshares 3x Long Lvmh Dail ETF A Buy?
Graniteshares 3x Long Lvmh Dail holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 Graniteshares 3x Long Lvmh Dail of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 3.73€ ( 0%) | 3.73€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3LLV.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.73 | - |
| R2 | 3.73 | - |
| R1 | 3.73 | - |
| Price | 3.73 | |
| S1 | 3.73 | - |
| S2 | 3.73 | - |
| S3 | 3.73 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.22 | 13.29% |
| R2 | 4.06 | 8.91% |
| R1 | 3.78 | 1.39% |
| Price | 3.73 | |
| S1 | 3.44 | -7.77% |
| S2 | 3.36 | -9.91% |
| S3 | 3.36 | -10.01% |
FAQ
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