Themes Global Systemically Important ETF Forecast
Themes Global Systemically Important ETF price ended at $28.94 on Wednesday, after losing 0%.
(Updated on Jun 26, 2024)
No changes to the price of Themes Global Systemically Important ETF on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the ETF fluctuated 0.521% from a day low at $28.79 to a day high of $28.94. The price has risen in 5 of the last 10 days and is up by 0.63% over the past 2 weeks.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $28.50 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 8.57% during the next 3 months and, with a 90% probability hold a price between $30.95 and $34.01 at the end of this 3-month period.
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GSIB Signals & Forecast
There are mixed signals in the ETF today. The Themes Global Systemically Important 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 $29.47. On a fall, the ETF will find some support from the short-term average at $28.89. 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 Tuesday, May 21, 2024, and so far it has fallen -4.71%. 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 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. The ETF had a Golden Star Signal on Friday, February 16, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, February 16, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Themes Global Systemically Important ETF
Themes Global Systemically Important finds support from accumulated volume at $28.81 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 controlled movements and therefore the general risk is considered 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 $0.150 between high and low, or 0.521%. For the last week the ETF has had daily average volatility of 0.706%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GSIB) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Themes Global Systemically Important Banks Etf to open at $28.89, and during the day (based on 14 day Average True Range), to move between $28.58 and $29.30, which gives a possible trading interval of +/-$0.363 (+/-1.26%) up or down from last closing price. If Themes Global Systemically Important Banks Etf takes out the full calculated possible swing range there will be an estimated 2.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.04 (0.35%) than the support at $28.81 (0.44%), 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.
Is Themes Global Systemically Important Banks Etf ETF A Buy?
Themes Global Systemically Important holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.952 Sell Candidate Unchanged
Predicted Opening Price for Themes Global Systemically Important Banks Etf of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$28.89 ( 0.173%) | $28.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GSIB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 29.04 | 0.346% |
R2 | 28.98 | 0.148% |
R1 | 28.95 | 0.0252% |
Price | 28.94 | |
S1 | 28.83 | -0.371% |
S2 | 28.80 | -0.493% |
S3 | 28.74 | -0.691% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 30.37 | 4.94% |
R2 | 30.18 | 4.27% |
R1 | 29.04 | 0.346% |
Price | 28.94 | |
S1 | 28.81 | -0.442% |
S2 | 28.52 | -1.45% |
S3 | 28.27 | -2.32% |
FAQ
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