Leverage Shares 5x Long Us Tech 100 Etp ETF Forecast
Green day on Friday for Leverage Shares 5x Long Us Tech 100 Etp
(Updated on Jun 28, 2024)
The Leverage Shares 5x Long Us Tech 100 Etp ETF price gained 4.63% on the last trading day (Friday, 28th Jun 2024), rising from 1.66€ to 1.73€. During the last trading day the ETF fluctuated 3.48% from a day low at 1.71€ to a day high of 1.77€. The price has risen in 6 of the last 10 days and is up by 6.68% 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, 8 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately 48.36€ thousand.
The ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 40.01% during the next 3 months and, with a 90% probability hold a price between 2.28€ and 2.71€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
5QQQ.AS Signals & Forecast
The Leverage Shares 5x Long Us Tech 100 Etp 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 1.68€ and 1.51€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Leverage Shares 5x Long Us Tech 100 Etp 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. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -1.84%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Leverage Shares 5x Long Us Tech 100 Etp ETF
On the downside, the ETF finds support just below today's level from accumulated volume at 1.60€ and 1.57€. 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 5x Long Us Tech 100 Etp finds support just below today's level at 1.60€. If this is broken, then the next support from accumulated volume will be at 1.57€ and 1.40€.
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 0.0595€ between high and low, or 3.48%. For the last week, the ETF has had daily average volatility of 3.75%.
Our recommended stop-loss: 1.67€ (-3.74%) (This ETF has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (5QQQ.AS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Leverage Shares 5x Long Us Tech 100 Etp Securities to open at 1.74€, and during the day (based on 14 day Average True Range), to move between 1.66€ and 1.81€, which gives a possible trading interval of +/-0.0752€ (+/-4.33%) up or down from last closing price. If Leverage Shares 5x Long Us Tech 100 Etp Securities takes out the full calculated possible swing range there will be an estimated 8.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 1.75€ (0.84%) than the support at 1.60€ (7.76%), 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 5x Long Us Tech 100 Etp Securities ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Leverage Shares 5x Long Us Tech 100 Etp ETF to perform well in the short-term.
Current score: 3.046 Buy Candidate Unchanged
Predicted Opening Price for Leverage Shares 5x Long Us Tech 100 Etp Securities of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 1.74€ ( 0.163%) | 1.73€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5QQQ.AS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.80 | 3.60% |
| R2 | 1.77 | 2.28% |
| R1 | 1.76 | 1.47% |
| Price | 1.73 | |
| S1 | 1.71 | -1.15% |
| S2 | 1.70 | -1.96% |
| S3 | 1.68 | -3.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.77 | 1.87% |
| R2 | 1.75 | 0.93% |
| R1 | 1.75 | 0.84% |
| Price | 1.73 | |
| S1 | 1.60 | -7.76% |
| S2 | 1.57 | -9.63% |
| S3 | 1.40 | -19.26% |
FAQ
Click here for our free guide on how to buy Leverage Shares 5x Long Us Tech 100 Etp Securities ETF.
