Leverage Shares 3x Long China Etp ETF Forecast

Green day on Wednesday for Leverage Shares 3x Long China Etp
(Updated on Jun 19, 2024)

CHI3.L Signals & Forecast

There are few to no technical positive signals at the moment. The Leverage Shares 3x Long China 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 £3.05. On a fall, the ETF will find some support from the short-term average at £2.83. 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. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Leverage Shares 3x Long China Etp ETF

Leverage Shares 3x Long China Etp finds support from accumulated volume at £2.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved £0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 1.10%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CHI3.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Leverage Shares 3x Long China Etp Securities to open at £2.84, and during the day (based on 14 day Average True Range), to move between £2.73 and £2.95, which gives a possible trading interval of +/-£0.114 (+/-4.01%) up or down from last closing price. If Leverage Shares 3x Long China Etp Securities takes out the full calculated possible swing range there will be an estimated 8.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £2.72 (4.22%) than the resistance at £3.08 (8.45%), 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 Long China Etp Securities ETF A Buy?

The Leverage Shares 3x Long China Etp ETF holds several negative signals and despite the positive trend, we believe Leverage Shares 3x Long China Etp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -4.199 Sell Candidate Unchanged

Predicted Opening Price for Leverage Shares 3x Long China Etp Securities of Thursday, June 20, 2024

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