Graniteshares 3x Long Totalener ETF Forecast

Red day on Wednesday for Graniteshares 3x Long Totalener
(Updated on Jun 26, 2024)

3LTO.PA Signals & Forecast

There are mixed signals in the ETF today. The Graniteshares 3x Long Totalener 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 16.63€. On a fall, the ETF will find some support from the short-term average at 15.55€. 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. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -0.421%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Graniteshares 3x Long Totalener ETF

Graniteshares 3x Long Totalener finds support from accumulated volume at 15.56€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF 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 0.702%

Our recommended stop-loss: 15.38€ (-4.32%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (3LTO.PA) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Graniteshares 3x Long Totalener to open at 16.08€, and during the day (based on 14 day Average True Range), to move between 15.37€ and 16.79€, which gives a possible trading interval of +/-0.708€ (+/-4.40%) up or down from last closing price. If Graniteshares 3x Long Totalener takes out the full calculated possible swing range there will be an estimated 8.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 15.56€ (3.20%) than the resistance at 17.21€ (7.07%), 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 Totalener ETF A Buy?

Graniteshares 3x Long Totalener 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 Totalener of Thursday, June 27, 2024

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