Leverage Shares -1x Short Jd.com Etc ETF Forecast
Red day on Friday for Leverage Shares -1x Short Jd.com Etc
(Updated on Jun 28, 2024)
The Leverage Shares -1x Short Jd.com Etc ETF price fell by -1.12% on the last day (Friday, 28th Jun 2024) from £338.10 to £334.30. During the last trading day the ETF fluctuated 0.0150% from a day low at £334.25 to a day high of £334.30. The price has risen in 4 of the last 10 days and is up by 8.09% over the past 2 weeks. Volume has increased on the last day by 99 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, 99 shares were bought and sold for approximately £33.10 thousand.
The ETF lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £336.78 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -16.89% during the next 3 months and, with a 90% probability hold a price between £197.63 and £279.89 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SJD.L Signals & Forecast
The Leverage Shares -1x Short Jd.com Etc ETF 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 £332.17 and £306.35. 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, June 27, 2024, and so far it has fallen -1.12%. Further fall is indicated until a new bottom pivot has been found. Leverage Shares -1x Short Jd.com Etc 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Leverage Shares -1x Short Jd.com Etc ETF
Leverage Shares -1x Short Jd.com Etc finds support from accumulated volume at £322.60 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 £0.0500 between high and low, or 0.0150%. For the last week, the ETF has had daily average volatility of 0.420%.
Our recommended stop-loss: £323.79 (-3.14%) (This ETF has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (SJD.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Leverage Shares -1x Short Jd.com Etc to open at £334.28, and during the day (based on 14 day Average True Range), to move between £326.46 and £342.14, which gives a possible trading interval of +/-£7.84 (+/-2.35%) up or down from last closing price. If Leverage Shares -1x Short Jd.com Etc takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £322.60 (3.50%) than the resistance at £363.52 (8.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Leverage Shares -1x Short Jd.com Etc ETF A Buy?
Leverage Shares -1x Short Jd.com Etc 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Leverage Shares -1x Short Jd.com Etc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £334.28 ( 0.0050%) | £334.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SJD.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 334.33 | 0.0100% |
| R2 | 334.31 | 0.0043% |
| R1 | 334.30 | 0.0007% |
| Price | 334.30 | |
| S1 | 334.26 | -0.0107% |
| S2 | 334.25 | -0.0142% |
| S3 | 334.23 | -0.0199% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 365.70 | 9.39% |
| R2 | 365.08 | 9.21% |
| R1 | 363.52 | 8.74% |
| Price | 334.30 | |
| S1 | 322.60 | -3.50% |
| S2 | 320.38 | -4.16% |
| S3 | 302.05 | -9.65% |
FAQ
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