Leverage Shares 3x Short Alibaba (baba) 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
Leverage Shares 3x Short Alibaba (baba) ETF price down 0% on Friday
(Updated on Jun 28, 2024)
No changes to the price of Leverage Shares 3x Short Alibaba (baba) ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at £1.26 to a day high of £1.26. The price has risen in 4 of the last 10 days and is up by 9.96% over the past 2 weeks.
The ETF lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £1.41 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -34.79% during the next 3 months and, with a 90% probability hold a price between £0.301 and £0.92 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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3SBE.L Signals & Forecast
The Leverage Shares 3x Short Alibaba (baba) ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately £1.26. On a fall, the ETF will find some support from the long-term average at approximately £1.13. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Leverage Shares 3x Short Alibaba (baba) ETF
On the downside, the ETF finds support just below today's level from accumulated volume at £1.19 and £1.17. 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 Short Alibaba (baba) finds support just below today's level at £1.19. If this is broken, then the next support from accumulated volume will be at £1.17 and £1.14.
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 2.53%
Our recommended stop-loss: £1.18 (-5.78%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (3SBE.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Leverage Shares 3x Short Alibaba (baba) Etp Securities to open at £1.26, and during the day (based on 14 day Average True Range), to move between £1.20 and £1.31, which gives a possible trading interval of +/-£0.0546 (+/-4.35%) up or down from last closing price. If Leverage Shares 3x Short Alibaba (baba) Etp Securities takes out the full calculated possible swing range there will be an estimated 8.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1.29 (2.77%) than the support at £1.19 (5.25%), 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 Short Alibaba (baba) Etp Securities ETF A Buy?
Leverage Shares 3x Short Alibaba (baba) 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 Leverage Shares 3x Short Alibaba (baba) Etp Securities of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £1.26 ( 0%) | £1.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3SBE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.26 | - |
| R2 | 1.26 | - |
| R1 | 1.26 | - |
| Price | 1.26 | |
| S1 | 1.26 | - |
| S2 | 1.26 | - |
| S3 | 1.26 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.53 | 21.82% |
| R2 | 1.49 | 18.63% |
| R1 | 1.29 | 2.77% |
| Price | 1.26 | |
| S1 | 1.19 | -5.25% |
| S2 | 1.17 | -6.92% |
| S3 | 1.14 | -9.06% |
FAQ
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