Leverage Shares 3x Amd 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
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
Leverage Shares 3x Amd Etc ETF price ended at £2.61 on Tuesday, after losing 2.87%.
(Updated on Jun 25, 2024)
The Leverage Shares 3x Amd Etc ETF price fell by -2.87% on the last day (Tuesday, 25th Jun 2024) from £2.68 to £2.61. During the last trading day the ETF fluctuated 9.74% from a day low at £2.46 to a day high of £2.70. The price has fallen in 8 of the last 10 days and is down by -15.07% for this period. Volume has increased on the last day by 45 thousand 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, 202 thousand shares were bought and sold for approximately £527.00 thousand.
The ETF lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -28.76% during the next 3 months and, with a 90% probability hold a price between £0.96 and £2.18 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.
AMD3.L Signals & Forecast
There are mixed signals in the ETF today. The Leverage Shares 3x Amd Etc ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £2.74. On a fall, the ETF will find some support from the short-term average at £2.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Leverage Shares 3x Amd 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". A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 12.29%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Leverage Shares 3x Amd Etc ETF
On the downside, the ETF finds support just below today's level from accumulated volume at £2.43 and £2.08. 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 3x Amd Etc finds support just below today's level at £2.43. If this is broken, then the next support from accumulated volume will be at £2.08 and £2.07.
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 £0.240 between high and low, or 9.74%. For the last week, the ETF has had daily average volatility of 12.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMD3.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Leverage Shares 3x Amd Etc to open at £2.59, and during the day (based on 14 day Average True Range), to move between £2.28 and £2.93, which gives a possible trading interval of +/-£0.322 (+/-12.35%) up or down from last closing price. If Leverage Shares 3x Amd Etc takes out the full calculated possible swing range there will be an estimated 24.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £2.43 (6.78%) than the resistance at £2.92 (12.08%), 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 3x Amd Etc ETF A Buy?
Leverage Shares 3x Amd Etc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -3.095 Sell Candidate Unchanged
Predicted Opening Price for Leverage Shares 3x Amd Etc of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
£2.59 ( 0.692%) | £2.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMD3.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.83 | 8.50% |
R2 | 2.74 | 4.99% |
R1 | 2.68 | 2.82% |
Price | 2.61 | |
S1 | 2.50 | -4.20% |
S2 | 2.44 | -6.37% |
S3 | 2.35 | -9.88% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.95 | 13.17% |
R2 | 2.95 | 13.03% |
R1 | 2.92 | 12.08% |
Price | 2.61 | |
S1 | 2.43 | -6.78% |
S2 | 2.08 | -20.21% |
S3 | 2.07 | -20.59% |
FAQ
Click here for our free guide on how to buy Leverage Shares 3x Amd Etc ETF.