Leverage Shares Public Limited ETF Forecast
Big movements in Leverage Shares Public Limited ETF price on Friday moving 21.10% between high and low
(Updated on Jun 28, 2024)
The Leverage Shares Public Limited ETF price gained 6.89% on the last trading day (Friday, 28th Jun 2024), rising from £96.39 to £103.03. During the last trading day the ETF fluctuated 21.10% from a day low at £88.12 to a day high of £106.71. The price has risen in 6 of the last 10 days and is up by 10.31% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 134 more shares were traded than the day before. In total, 134 shares were bought and sold for approximately £13.81 thousand.
Given the current short-term trend, the ETF is expected to fall -27.80% during the next 3 months and, with a 90% probability hold a price between £40.46 and £74.39 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3UBR.L Signals & Forecast
The Leverage Shares Public Limited ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £95.21 and £83.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 51.66%. 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 Public Limited 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.
Support, Risk & Stop-loss for Leverage Shares Public Limited ETF
Leverage Shares Public Limited finds support from accumulated volume at £98.20 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 £18.59 between high and low, or 21.10%. For the last week, the ETF has had daily average volatility of 6.25%.
Our recommended stop-loss: £99.22 (-3.70%) (This ETF has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (3UBR.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Leverage Shares Public Limited to open at £99.29, and during the day (based on 14 day Average True Range), to move between £96.10 and £109.97, which gives a possible trading interval of +/-£6.94 (+/-6.73%) up or down from last closing price. If Leverage Shares Public Limited takes out the full calculated possible swing range there will be an estimated 13.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £98.20 (4.69%) than the resistance at £117.36 (13.90%), 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 Public Limited ETF A Buy?
Leverage Shares Public Limited 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 Public Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £99.29 ( 3.64%) | £103.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3UBR.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 117.88 | 14.41% |
| R2 | 110.78 | 7.52% |
| R1 | 106.39 | 3.26% |
| Price | 103.03 | |
| S1 | 92.19 | -10.53% |
| S2 | 87.80 | -14.79% |
| S3 | 80.70 | -21.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 120.59 | 17.04% |
| R2 | 117.66 | 14.19% |
| R1 | 117.36 | 13.90% |
| Price | 103.03 | |
| S1 | 98.20 | -4.69% |
| S2 | 83.14 | -19.31% |
| S3 | 78.74 | -23.58% |
FAQ
Click here for our free guide on how to buy Leverage Shares Public Limited ETF.
