Themes European Luxury Etf ETF Forecast
Green day on Monday for Themes European Luxury Etf ETF after gaining 0.688%
(Updated on Jun 17, 2024)
The Themes European Luxury Etf ETF price gained 0.688% on the last trading day (Monday, 17th Jun 2024), rising from $23.13 to $23.29. During the last trading day the ETF fluctuated 0.99% from a day low at $23.17 to a day high of $23.40. The price has been going up and down for this period, and there has been a -4.57% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 102 more shares were traded than the day before. In total, 669 shares were bought and sold for approximately $15.58 thousand.
The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $23.11 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -5.19% during the next 3 months and, with a 90% probability hold a price between $21.91 and $23.32 at the end of this 3-month period.
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FINE Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.688%. Further rise is indicated until a new top pivot has been found. Themes European Luxury Etf 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 Themes European Luxury 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 $23.85 and $24.15. 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).
Support, Risk & Stop-loss for Themes European Luxury Etf ETF
Themes European Luxury Etf finds support from accumulated volume at $23.13 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.230 between high and low, or 0.99%. For the last week the ETF has had daily average volatility of 0.694%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FINE) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Themes European Luxury Etf to open at $23.29, and during the day (based on 14 day Average True Range), to move between $22.99 and $23.59, which gives a possible trading interval of +/-$0.304 (+/-1.31%) up or down from last closing price. If Themes European Luxury Etf takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.13 (0.68%) than the resistance at $24.11 (3.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Themes European Luxury Etf ETF A Buy?
Themes European Luxury Etf holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.860 Sell Candidate Unchanged
Predicted Opening Price for Themes European Luxury Etf of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $23.29 ( 0.0143%) | $23.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FINE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.52 | 0.97% |
| R2 | 23.43 | 0.596% |
| R1 | 23.37 | 0.363% |
| Price | 23.29 | |
| S1 | 23.20 | -0.392% |
| S2 | 23.14 | -0.625% |
| S3 | 23.06 | -1.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.33 | 4.47% |
| R2 | 24.15 | 3.69% |
| R1 | 24.11 | 3.52% |
| Price | 23.29 | |
| S1 | 23.13 | -0.684% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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