Leverage Shares 3x Airbnb 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:
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
Big movements in Leverage Shares 3x Airbnb Etc ETF price on Friday moving 10.72% between high and low
(Updated on Jun 28, 2024)
The Leverage Shares 3x Airbnb Etc ETF price fell by -0.711% on the last day (Friday, 28th Jun 2024) from £0.422 to £0.419. During the last trading day the ETF fluctuated 10.72% from a day low at £0.419 to a day high of £0.464. The price has risen in 5 of the last 10 days and is up by 8.69% over the past 2 weeks. Volume has increased on the last day by 91 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, 91 shares were bought and sold for approximately £38.11 .
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 £0.445 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 -32.57% during the next 3 months and, with a 90% probability hold a price between £0.174 and £0.300 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. 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 £0.416 and £0.410. 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 22.64%. 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. Leverage Shares 3x Airbnb 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.
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 and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved £0.0449 between high and low, or 10.72%. For the last week, the ETF has had daily average volatility of 4.82%.
Our recommended stop-loss: £0.406 (-2.98%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 65 days ago.)
Trading Expectations (ABN3.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Leverage Shares 3x Airbnb Etc to open at £0.434, and during the day (based on 14 day Average True Range), to move between £0.390 and £0.448, which gives a possible trading interval of +/-£0.0292 (+/-6.96%) 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 13.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.422 (0.72%) than the support at £0.410 (2.03%), 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?
Leverage Shares 3x Airbnb Etc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Airbnb Etc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £0.434 ( 3.57%) | £0.419 |
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 | 0.479 | 14.29% |
| R2 | 0.462 | 10.20% |
| R1 | 0.451 | 7.67% |
| Price | 0.419 | |
| S1 | 0.417 | -0.522% |
| S2 | 0.406 | -3.05% |
| S3 | 0.389 | -7.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.424 | 1.34% |
| R2 | 0.423 | 1.10% |
| R1 | 0.422 | 0.716% |
| Price | 0.419 | |
| S1 | 0.410 | -2.03% |
| S2 | 0.392 | -6.42% |
| S3 | 0.376 | -10.34% |
FAQ
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