Leverage Shares 3x Long Nio Etc 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=7af89690dc608c90c3195b6dbe9356f97168a843)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=7af89690dc608c90c3195b6dbe9356f97168a843)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=7af89690dc608c90c3195b6dbe9356f97168a843)
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
High volatility in Leverage Shares 3x Long Nio Etc ETF price on Thursday which ended trading at £0.295
(Updated on Jul 04, 2024)
The Leverage Shares 3x Long Nio Etc ETF price fell by -8.65% on the last day (Thursday, 4th Jul 2024) from £0.323 to £0.295. During the last trading day the ETF fluctuated 12.39% from a day low at £0.285 to a day high of £0.320. The price has risen in 6 of the last 10 days and is up by 16.44% over the past 2 weeks. Volume has increased on the last day by 222 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, 304 thousand shares were bought and sold for approximately £89.50 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 -11.34% during the next 3 months and, with a 90% probability hold a price between £0.190 and £0.514 at the end of this 3-month period.
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3NIE.L Signals & Forecast
There are mixed signals in the ETF today. 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 £0.366. On a fall, the ETF will find some support from the short-term average at £0.268. 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 Wednesday, July 03, 2024, and so far it has fallen -8.65%. Further fall is indicated until a new bottom pivot has been found. Leverage Shares 3x Long Nio Etc 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Leverage Shares 3x Long Nio Etc ETF
Leverage Shares 3x Long Nio Etc finds support from accumulated volume at £0.288 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 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 £0.0353 between high and low, or 12.39%. For the last week, the ETF has had daily average volatility of 17.23%.
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 Friday 5th
For the upcoming trading day on Friday, 5th we expect Leverage Shares 3x Long Nio Etc to open at £0.300, and during the day (based on 14 day Average True Range), to move between £0.246 and £0.343, which gives a possible trading interval of +/-£0.0488 (+/-16.56%) 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 33.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £0.288 (2.15%) than the resistance at £0.323 (9.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.070 Strong Sell Candidate Downgraded
Predicted Opening Price for Leverage Shares 3x Long Nio Etc of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
£0.300 ( 1.80%) | £0.295 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3NIE.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.335 | 13.78% |
R2 | 0.322 | 9.20% |
R1 | 0.313 | 6.37% |
Price | 0.295 | |
S1 | 0.287 | -2.78% |
S2 | 0.278 | -5.60% |
S3 | 0.265 | -10.18% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.347 | 17.81% |
R2 | 0.344 | 16.69% |
R1 | 0.323 | 9.47% |
Price | 0.295 | |
S1 | 0.288 | -2.15% |
S2 | 0.232 | -21.34% |
S3 | 0.224 | -23.99% |
FAQ
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