Leverage Shares 3x Airbnb Etc ETF Forecast
A very strong day for Leverage Shares 3x Airbnb Etc ETF price on Tuesday
(Updated on Jun 25, 2024)
The Leverage Shares 3x Airbnb Etc ETF price gained 5.26% on the last trading day (Tuesday, 25th Jun 2024), rising from £0.409 to £0.431. During the last trading day the ETF fluctuated 5.26% from a day low at £0.409 to a day high of £0.431. The price has risen in 6 of the last 10 days and is up by 10.41% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately £794.03 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 £0.435 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 -36.30% during the next 3 months and, with a 90% probability hold a price between £0.164 and £0.277 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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ABN3.L Signals & Forecast
The Leverage Shares 3x Airbnb Etc ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £0.418 and £0.420. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 26.09%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Leverage Shares 3x Airbnb Etc ETF
Leverage Shares 3x Airbnb Etc finds support from accumulated volume at £0.410 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved £0.0215 between high and low, or 5.26%. For the last week the ETF has had daily average volatility of 6.70%.
Our recommended stop-loss: £0.416 (-3.36%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 62 days ago.)
Trading Expectations (ABN3.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Leverage Shares 3x Airbnb Etc to open at £0.423, and during the day (based on 14 day Average True Range), to move between £0.400 and £0.461, which gives a possible trading interval of +/-£0.0305 (+/-7.09%) up or down from last closing price. If Leverage Shares 3x Airbnb Etc takes out the full calculated possible swing range there will be an estimated 14.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.436 (1.28%) than the support at £0.410 (4.71%), 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 Airbnb Etc ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.882 Buy Candidate Upgraded
Predicted Opening Price for Leverage Shares 3x Airbnb Etc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £0.423 ( 1.66%) | £0.431 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABN3.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.445 | 3.33% |
| R2 | 0.437 | 1.42% |
| R1 | 0.432 | 0.243% |
| Price | 0.431 | |
| S1 | 0.415 | -3.57% |
| S2 | 0.410 | -4.75% |
| S3 | 0.402 | -6.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.499 | 15.77% |
| R2 | 0.445 | 3.34% |
| R1 | 0.436 | 1.28% |
| Price | 0.431 | |
| S1 | 0.410 | -4.71% |
| S2 | 0.392 | -8.99% |
| S3 | 0.376 | -12.80% |
FAQ
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