Advisorshares Msos 2x Daily Etf ETF Forecast
Volatile ride for Advisorshares Msos 2x Daily Etf ETF price on Friday moving between $2.68 and $3.48
(Updated on Jun 28, 2024)
The Advisorshares Msos 2x Daily Etf ETF price fell by -20.80% on the last day (Friday, 28th Jun 2024) from $3.51 to $2.78. During the last trading day the ETF fluctuated 30.09% from a day low at $2.68 to a day high of $3.48. The price has risen in 6 of the last 10 days but is still down by -2.46% for this period. Volume has increased on the last day by 1 million 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, 4 million shares were bought and sold for approximately $10.91 million.
The ETF lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -14.60% during the next 3 months and, with a 90% probability hold a price between $2.08 and $2.98 at the end of this 3-month period.
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MSOX Signals & Forecast
There are few to no technical positive signals at the moment. The Advisorshares Msos 2x Daily 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 $3.09 and $3.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -20.80%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Advisorshares Msos 2x Daily Etf ETF
Advisorshares Msos 2x Daily Etf finds support from accumulated volume at $2.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $0.81 between high and low, or 30.09%. For the last week, the ETF has had daily average volatility of 14.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MSOX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Advisorshares Msos 2x Daily Etf to open at $2.98, and during the day (based on 14 day Average True Range), to move between $2.45 and $3.11, which gives a possible trading interval of +/-$0.331 (+/-11.90%) up or down from last closing price. If Advisorshares Msos 2x Daily Etf takes out the full calculated possible swing range there will be an estimated 23.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.85 (2.52%) than the support at $2.66 (4.32%), 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 Advisorshares Msos 2x Daily Etf ETF A Buy?
Advisorshares Msos 2x Daily Etf holds several negative signals and is within a very wide and 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -4.793 Sell Candidate Downgraded
Predicted Opening Price for Advisorshares Msos 2x Daily Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $2.98 ( 7.13%) | $2.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSOX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.78 | 36.09% |
| R2 | 3.48 | 25.03% |
| R1 | 3.29 | 18.20% |
| Price | 2.78 | |
| S1 | 2.67 | -3.93% |
| S2 | 2.48 | -10.76% |
| S3 | 2.17 | -21.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.26 | 17.27% |
| R2 | 3.23 | 16.19% |
| R1 | 2.85 | 2.52% |
| Price | 2.78 | |
| S1 | 2.66 | -4.32% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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