L&g Dax Daily 2x Long Ucits Etf ETF Forecast
L&g Dax Daily 2x Long Ucits Etf ETF price down 0.527% on Wednesday
(Updated on Jun 26, 2024)
The L&g Dax Daily 2x Long Ucits Etf ETF price fell by -0.527% on the last day (Wednesday, 26th Jun 2024) from 436.45€ to 434.15€. During the last trading day the ETF fluctuated 2.07% from a day low at 432.25€ to a day high of 441.20€. The price has fallen in 7 of the last 10 days and is down by -5.93% for this period. Volume has increased on the last day by 129 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, 502 shares were bought and sold for approximately 217.94€ thousand.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 429.67€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 2.23% during the next 3 months and, with a 90% probability hold a price between 439.25€ and 490.35€ at the end of this 3-month period.
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DEL2.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.85%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The L&g Dax Daily 2x Long Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 437.37€ and 454.80€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). L&g Dax Daily 2x Long Ucits Etf 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".
Support, Risk & Stop-loss for L&g Dax Daily 2x Long Ucits Etf ETF
L&g Dax Daily 2x Long Ucits Etf finds support from accumulated volume at 428.67€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 8.95€ (2.07%) between high and low. For the last week, the ETF has had daily average volatility of 1.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DEL2.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect L&g Dax Daily 2x Long Ucits Etf to open at 435.87€, and during the day (based on 14 day Average True Range), to move between 424.87€ and 443.43€, which gives a possible trading interval of +/-9.28€ (+/-2.14%) up or down from last closing price. If L&g Dax Daily 2x Long Ucits Etf takes out the full calculated possible swing range there will be an estimated 4.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 428.67€ (1.26%) than the resistance at 446.98€ (2.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is L&g Dax Daily 2x Long Ucits Etf ETF A Buy?
The L&g Dax Daily 2x Long Ucits Etf ETF holds several negative signals and despite the positive trend, we believe L&g Dax Daily 2x Long Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.102 Sell Candidate Unchanged
Predicted Opening Price for L&g Dax Daily 2x Long Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 435.87€ ( 0.395%) | 434.15€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DEL2.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 444.82 | 2.46% |
| R2 | 441.40 | 1.67% |
| R1 | 439.29 | 1.18% |
| Price | 434.15 | |
| S1 | 432.45 | -0.392% |
| S2 | 430.34 | -0.88% |
| S3 | 426.92 | -1.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 455.30 | 4.87% |
| R2 | 448.67 | 3.34% |
| R1 | 446.98 | 2.95% |
| Price | 434.15 | |
| S1 | 428.67 | -1.26% |
| S2 | 428.30 | -1.35% |
| S3 | 421.40 | -2.94% |
FAQ
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