AXS TSLA Bear Daily ETF Forecast
Green day on Friday for AXS TSLA Bear Daily ETF after gaining 1.22%
(Updated on Apr 26, 2024)
The AXS TSLA Bear Daily ETF price gained 1.22% on the last trading day (Friday, 26th Apr 2024), rising from $38.51 to $38.98. During the last trading day the ETF fluctuated 3.39% from a day low at $38.11 to a day high of $39.40. The price has risen in 7 of the last 10 days but is still down by -0.46% for this period. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately $118.52 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $38.35 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 18.77% during the next 3 months and, with a 90% probability hold a price between $45.55 and $56.30 at the end of this 3-month period.
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TSLQ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AXS TSLA Bear Daily ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $42.99 and $40.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -16.92%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for AXS TSLA Bear Daily ETF
AXS TSLA Bear Daily finds support from accumulated volume at $38.33 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 $1.29 between high and low, or 3.39%. For the last week, the ETF has had daily average volatility of 5.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TSLQ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect AXS TSLA Bear Daily ETF to open at $38.83, and during the day (based on 14 day Average True Range), to move between $36.82 and $41.14, which gives a possible trading interval of +/-$2.16 (+/-5.55%) up or down from last closing price. If AXS TSLA Bear Daily ETF takes out the full calculated possible swing range there will be an estimated 11.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $38.33 (1.67%) than the resistance at $39.93 (2.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AXS TSLA Bear Daily ETF ETF A Buy?
The AXS TSLA Bear Daily ETF holds several negative signals and despite the positive trend, we believe AXS TSLA Bear Daily will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -4.597 Sell Candidate Unchanged
Predicted Opening Price for AXS TSLA Bear Daily ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $38.83 ( 0.393%) | $38.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSLQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.12 | 2.92 % | |
| R2 | 39.62 | 1.65 % | ||
| R1 | 39.32 | 0.87 % | ||
| Current price: | 38.98 | |||
| Support | S1 | 38.33 | -1.66 % | |
| S2 | 38.03 | -2.44 % | ||
| S3 | 37.54 | -3.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.59 | 6.70 % | |
| R2 | 40.53 | 3.98 % | ||
| R1 | 39.93 | 2.44 % | ||
| Current price | 38.98 | |||
| Support | S1 | 38.33 | -1.67% | |
| S2 | 37.95 | -2.64% | ||
| S3 | 36.54 | -6.26% |
TSLQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Dec 26, 2023 | Dec 29, 2023 | $2.03 | 7.25% |
| 2 | Dec 23, 2022 | Dec 27, 2022 | Dec 29, 2022 | $2.03 | 2.52% |
FAQ
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