T-Rex 2X Inverse Tesla Daily Target ETF Forecast

Volatile ride for T-Rex 2X Inverse Tesla Daily Target ETF price on Monday moving between $25.20 and $31.69
(Updated on Apr 29, 2024)

TSLZ Signals & Forecast

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. The T-Rex 2X Inverse Tesla Daily Target 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 $45.13 and $42.98. 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 -53.24%. Further fall is indicated until a new bottom pivot has been found. 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 T-Rex 2X Inverse Tesla Daily Target ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

This ETF may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this ETF is considered to be "very high risk". During the last day, the ETF moved $6.49 between high and low, or 25.75%. For the last week, the ETF has had daily average volatility of 15.95%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TSLZ) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect T-Rex 2X Inverse Tesla Daily Target ETF to open at $28.04, and during the day (based on 14 day Average True Range), to move between $21.81 and $32.65, which gives a possible trading interval of +/-$5.42 (+/-19.91%) up or down from last closing price. If T-Rex 2X Inverse Tesla Daily Target ETF takes out the full calculated possible swing range there will be an estimated 39.82% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $31.42, some $4.19 (15.39%) from the current price of $27.23, our system finds the risk reward not very attractive.

Is T-Rex 2X Inverse Tesla Daily Target ETF ETF A Buy?

The T-Rex 2X Inverse Tesla Daily Target ETF holds several negative signals and despite the positive trend, we believe T-Rex 2X Inverse Tesla Daily Target will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -4.125 Sell Candidate Unchanged

Predicted Opening Price for T-Rex 2X Inverse Tesla Daily Target ETF of Tuesday, April 30, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.