Graniteshares 3x Long Lvmh Dail ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
A very red day for Graniteshares 3x Long Lvmh Dail ETF price after a -7.92% fall in the Friday trading session
(Updated on Jun 28, 2024)
The Graniteshares 3x Long Lvmh Dail ETF price fell by -7.92% on the last day (Friday, 28th Jun 2024) from 3.67€ to 3.38€. During the last trading day the ETF fluctuated 0% from a day low at 3.38€ to a day high of 3.38€. The price has fallen in 5 of the last 10 days and is down by -9.64% for this period. Volume has increased on the last day by 9 thousand 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, 11 thousand shares were bought and sold for approximately 37.38€ 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 -12.05% during the next 3 months and, with a 90% probability hold a price between 2.67€ and 3.44€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 3.65%. Further rise is indicated until a new top pivot has been found. 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 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 3.55€ and 3.71€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Graniteshares 3x Long Lvmh Dail 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 Graniteshares 3x Long Lvmh Dail ETF
Graniteshares 3x Long Lvmh Dail finds support from accumulated volume at 3.36€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.772%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3LLV.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Graniteshares 3x Long Lvmh Dail to open at 3.38€, and during the day (based on 14 day Average True Range), to move between 3.22€ and 3.54€, which gives a possible trading interval of +/-0.159€ (+/-4.72%) 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 9.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 3.36€ (0.58%) than the resistance at 3.44€ (1.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Graniteshares 3x Long Lvmh Dail ETF A Buy?
Graniteshares 3x Long Lvmh Dail 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: -2.778 Sell Candidate Unchanged
Predicted Opening Price for Graniteshares 3x Long Lvmh Dail of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 3.38€ ( 0%) | 3.38€ |
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 | 3.38 | - |
| R2 | 3.38 | - |
| R1 | 3.38 | - |
| Price | 3.38 | |
| S1 | 3.38 | - |
| S2 | 3.38 | - |
| S3 | 3.38 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.78 | 11.90% |
| R2 | 3.67 | 8.60% |
| R1 | 3.44 | 1.79% |
| Price | 3.38 | |
| S1 | 3.36 | -0.577% |
| S2 | 3.36 | -0.681% |
| S3 | 3.26 | -3.52% |
FAQ
Click here for our free guide on how to buy Graniteshares 3x Long Lvmh Dail ETF.
