Leverage Shares 3x Bp Etp 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
Leverage Shares 3x Bp Etp ETF upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Leverage Shares 3x Bp Etp ETF price fell by -2.24% on the last day (Friday, 28th Jun 2024) from £5.41 to £5.29. During the last trading day the ETF fluctuated 5.18% from a day low at £5.29 to a day high of £5.57. The price has risen in 7 of the last 10 days and is up by 9.16% over the past 2 weeks. Volume has increased on the last day by 71 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, 71 shares were bought and sold for approximately £375.70 .
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 -27.24% during the next 3 months and, with a 90% probability hold a price between £3.26 and £4.14 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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BP3L.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 9.16%. 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. The Leverage Shares 3x Bp 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 £5.59. On a fall, the ETF will find some support from the short-term average at £5.28. 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. Leverage Shares 3x Bp Etp 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 Bp Etp ETF
Leverage Shares 3x Bp Etp finds support from accumulated volume at £5.24 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 £0.274 between high and low, or 5.18%. For the last week, the ETF has had daily average volatility of 1.97%.
Our recommended stop-loss: £5.14 (-2.86%) (This ETF has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (BP3L.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Leverage Shares 3x Bp Etp to open at £5.38, and during the day (based on 14 day Average True Range), to move between £5.04 and £5.54, which gives a possible trading interval of +/-£0.247 (+/-4.68%) up or down from last closing price. If Leverage Shares 3x Bp Etp takes out the full calculated possible swing range there will be an estimated 9.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £5.24 (1.03%) than the resistance at £5.79 (9.42%), 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 Bp Etp ETF A Buy?
Leverage Shares 3x Bp 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 Leverage Shares 3x Bp Etp of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £5.38 ( 1.73%) | £5.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BP3L.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.66 | 6.90% |
| R2 | 5.55 | 4.93% |
| R1 | 5.49 | 3.70% |
| Price | 5.29 | |
| S1 | 5.28 | -0.252% |
| S2 | 5.21 | -1.47% |
| S3 | 5.11 | -3.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.13 | 15.85% |
| R2 | 5.96 | 12.63% |
| R1 | 5.79 | 9.42% |
| Price | 5.29 | |
| S1 | 5.24 | -1.03% |
| S2 | 5.17 | -2.39% |
| S3 | 4.93 | -6.78% |
FAQ
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