Leverage Shares 3x Long Nio Etc ETF Forecast

Volatile ride for Leverage Shares 3x Long Nio Etc ETF price on Wednesday moving between £0.260 and £0.335
(Updated on Jul 03, 2024)

3NIE.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 47.24%. 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). Leverage Shares 3x Long Nio Etc 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 Leverage Shares 3x Long Nio Etc 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 £0.375. On a fall, the ETF will find some support from the short-term average at £0.261. 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.

Support, Risk & Stop-loss for Leverage Shares 3x Long Nio Etc ETF

On the downside, the ETF finds support just below today's level from accumulated volume at £0.288 and £0.264. 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, Leverage Shares 3x Long Nio Etc finds support just below today's level at £0.288. If this is broken, then the next support from accumulated volume will be at £0.264 and £0.246.

This ETF may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this ETF is considered to be "very high risk". During the last day, the ETF moved £0.0752 between high and low, or 28.93%. For the last week, the ETF has had daily average volatility of 14.76%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (3NIE.L) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect Leverage Shares 3x Long Nio Etc to open at £0.306, and during the day (based on 14 day Average True Range), to move between £0.273 and £0.372, which gives a possible trading interval of +/-£0.0497 (+/-15.40%) up or down from last closing price. If Leverage Shares 3x Long Nio Etc takes out the full calculated possible swing range there will be an estimated 30.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £0.344 (6.60%) than the support at £0.288 (10.62%), 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 Leverage Shares 3x Long Nio Etc ETF A Buy?

Leverage Shares 3x Long Nio Etc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.777 Sell Candidate Unchanged

Predicted Opening Price for Leverage Shares 3x Long Nio Etc of Thursday, July 4, 2024

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