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XLON:3OIL
Delisted

Boost WTI Oil 3x Leverage Daily ETP Stock Forecast

£0.193
+0 (+0%)
At Close: Apr 16, 2020
RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Boost WTI Oil 3x Leverage Daily ETP stock price down 0% on Thursday
(Updated on Apr 16, 2020)

Hold candidate since Apr 10, 2020 PDF

No changes to the price of Boost WTI Oil 3x Leverage Daily ETP stock on the last trading day (Thursday, 16th Apr 2020). During the last trading day the stock fluctuated 0% from a day low at £0.193 to a day high of £0.193. The price has fallen in 4 of the last 10 days and is down by -46.09% for this period.

The stock 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 £0.205 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -59.92% during the next 3 months and, with a 90% probability hold a price between £0.0467 and £0.0820 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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3OIL.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 10, 2020, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Boost WTI Oil 3x Leverage Daily ETP stock 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 £0.236 and £0.455. A break-up above any of these levels will issue buy signals. 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.

Support, Risk & Stop-loss for Boost WTI Oil 3x Leverage Daily ETP stock

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

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Boost WTI Oil 3x Leverage Daily ETP is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: £0.180 (-6.82%) (This stock has low daily movements and this gives low risk. Low RSI14 is 9 which reduces the risk some. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (3OIL.L) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Boost WTI Oil 3x Leverage Daily ETP to open at £0.193, and during the day (based on 14 day Average True Range), to move between £0.156 and £0.230, which gives a possible trading interval of +/-£0.0368 (+/-19.08%) up or down from last closing price. If Boost WTI Oil 3x Leverage Daily ETP takes out the full calculated possible swing range there will be an estimated 38.17% move between the lowest and the highest trading price during the day.

Is Boost WTI Oil 3x Leverage Daily ETP stock A Buy?

Boost WTI Oil 3x Leverage Daily ETP holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Boost WTI Oil 3x Leverage Daily ETP of Friday, April 17, 2020

Fair opening price April 17, 2020 Current price
£0.193 ( 0.00000000%) £0.193

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

Trading levels for 3OIL.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.193 0.00000000 %
R2 0.193 0.00000000 %
R1 0.193 0.00000000 %
Current price: 0.193
Support S1 0.193 0.00000000 %
S2 0.193 0.00000000 %
S3 0.193 0.00000000 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 0.193
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Boost WTI Oil 3x Leverage Daily ETP Stock and on which exchange is it traded?
The symbol for Boost WTI Oil 3x Leverage Daily ETP is 3OIL.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Boost WTI Oil 3x Leverage Daily ETP Stock?
Boost WTI Oil 3x Leverage Daily ETP holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Boost WTI Oil 3x Leverage Daily ETP Stock?
Boost WTI Oil 3x Leverage Daily ETP Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Boost WTI Oil 3x Leverage Daily ETP Stock.

What's the current price of Boost WTI Oil 3x Leverage Daily ETP Stock?
As of the end of day on the 2020-04-16, the price of an Boost WTI Oil 3x Leverage Daily ETP (3OIL.L) share was £0.193.

What is the 52-week high and low for Boost WTI Oil 3x Leverage Daily ETP Stock?
The 52-week high for Boost WTI Oil 3x Leverage Daily ETP Stock is £1.10 and the 52-week low is £0.193.
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