DIREXION AUSPICE BROAD COMMODITY Stock Forecast
DIREXION AUSPICE BROAD COMMODITY stock price ended at £7.00 on Friday, after losing 0%.
(Updated on May 03, 2024)
No changes to the price of DIREXION AUSPICE BROAD COMMODITY stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0% from a day low at £7.00 to a day high of £7.00. The price has been going up and down for this period, and there has been a 3.7% gain for the last 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.48% during the next 3 months and, with a 90% probability hold a price between £6.17 and £7.08 at the end of this 3-month period.
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COM.L Signals & Forecast
The DIREXION AUSPICE BROAD COMMODITY stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £6.81 and £6.80. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for DIREXION AUSPICE BROAD COMMODITY stock
DIREXION AUSPICE BROAD COMMODITY finds support from accumulated volume at £6.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock 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 stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.62%
Our recommended stop-loss: £6.76 (-3.40%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (COM.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect DIREXION AUSPICE BROAD COMMODITY STRATEGY ETF to open at £7.00, and during the day (based on 14 day Average True Range), to move between £6.80 and £7.20, which gives a possible trading interval of +/-£0.201 (+/-2.87%) up or down from last closing price. If DIREXION AUSPICE BROAD COMMODITY STRATEGY ETF takes out the full calculated possible swing range there will be an estimated 5.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £7.24 (3.43%) than the support at £6.75 (3.57%), 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.
Earnings coming up
DIREXION AUSPICE BROAD COMMODITY STRATEGY ETF will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for DIREXION AUSPICE BROAD COMMODITY STRATEGY ETF, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.32% in the first trading day after earnings release.
Is DIREXION AUSPICE BROAD COMMODITY STRATEGY ETF stock A Buy?
DIREXION AUSPICE BROAD COMMODITY 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.
Current score: -0.589 Hold/Accumulate Unchanged
Predicted Opening Price for DIREXION AUSPICE BROAD COMMODITY STRATEGY ETF of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
£7.00 ( 0%) | £7.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COM.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.00 | . | |
R2 | 7.00 | . | ||
R1 | 7.00 | . | ||
Current price: | 7.00 | |||
Support | S1 | 7.00 | . | |
S2 | 7.00 | . | ||
S3 | 7.00 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.44 | 6.29 % | |
R2 | 7.40 | 5.71 % | ||
R1 | 7.24 | 3.43 % | ||
Current price | 7.00 | |||
Support | S1 | 6.75 | -3.57% | |
S2 | 6.70 | -4.29% | ||
S3 | 6.50 | -7.14% |
FAQ
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