21shares Solana Staking Etp ETF Forecast

Stronger technical forecast for 21shares Solana Staking Etp ETF price after Friday trading.
(Updated on Jun 28, 2024)

ASOL.SW Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 15.45%. Further rise is indicated until a new top pivot has been found. 21shares Solana Staking 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. The 21shares Solana Staking Etp 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 88.71 Fr. On a fall, the ETF will find some support from the short-term average at 77.56 Fr. 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).

Support, Risk & Stop-loss for 21shares Solana Staking Etp ETF

21shares Solana Staking Etp finds support from accumulated volume at 81.00 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 0.0900 Fr between high and low, or 0.108%. For the last week, the ETF has had daily average volatility of 2.04%.

Our recommended stop-loss: 78.97 Fr (-5.12%) (This ETF has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (ASOL.SW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect 21shares Solana Staking Etp to open at 83.27 Fr, and during the day (based on 14 day Average True Range), to move between 79.88 Fr and 86.60 Fr, which gives a possible trading interval of +/-3.36 Fr (+/-4.04%) up or down from last closing price. If 21shares Solana Staking Etp takes out the full calculated possible swing range there will be an estimated 8.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 84.35 Fr (1.33%) than the support at 81.00 Fr (2.69%), 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 21shares Solana Staking Etp ETF A Buy?

21shares Solana Staking Etp 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 21shares Solana Staking Etp of Monday, July 1, 2024

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