Themes Silver Miners Etf ETF Forecast

Red day on Monday for Themes Silver Miners Etf ETF after losing 0.795%
(Updated on Jun 17, 2024)

AGMI Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.147%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Themes Silver Miners Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $25.70 and $27.17. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Themes Silver Miners Etf ETF

Themes Silver Miners Etf finds support from accumulated volume at $25.32 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 $0.123 between high and low, or 0.486%. For the last week the ETF has had daily average volatility of 1.29%.

Themes Silver Miners Etf is oversold on RSI14 (22). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $23.69 (-6.56%) (This ETF has medium daily movements and this gives medium risk. Low RSI14 is 22 which reduces the risk some. There is a buy signal from a pivot bottom found 19 days ago.)

Trading Expectations (AGMI) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Themes Silver Miners Etf to open at $25.40, and during the day (based on 14 day Average True Range), to move between $24.73 and $25.99, which gives a possible trading interval of +/-$0.630 (+/-2.48%) up or down from last closing price. If Themes Silver Miners Etf takes out the full calculated possible swing range there will be an estimated 4.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.32 (0.15%) than the resistance at $25.56 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Themes Silver Miners Etf ETF A Buy?

Themes Silver Miners Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.230 Hold/Accumulate Unchanged

Predicted Opening Price for Themes Silver Miners Etf of Tuesday, June 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.