Boost FTSE 100 3x Leverage Daily ETP Stock Forecast
Boost FTSE 100 3x Leverage Daily ETP stock price ended at £101.85 on Wednesday, after gaining 4.54%.
(Updated on Sep 02, 2020)
The Boost FTSE 100 3x Leverage Daily ETP stock price gained 4.54% on the last trading day (Wednesday, 2nd Sep 2020), rising from £97.43 to £101.85. During the last trading day the stock fluctuated 3.77% from a day low at £99.64 to a day high of £103.40. The price has been going up and down for this period, and there has been a 5.97% gain for the last 2 weeks. Volume fell on the last day by -30 thousand shares and in total, 29 thousand shares were bought and sold for approximately £2.98 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.
Given the current short-term trend, the stock is expected to fall -4.79% during the next 3 months and, with a 90% probability hold a price between £91.54 and £96.97 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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3UKL.L Signals & Forecast
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 stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Boost FTSE 100 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 £105.08 and £167.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. 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).
Support, Risk & Stop-loss for Boost FTSE 100 3x Leverage Daily ETP stock
Boost FTSE 100 3x Leverage Daily ETP finds support from accumulated volume at £97.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £3.76 between high and low, or 3.77%. For the last week the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: £5.09 (-5.00%) (Unable to calculate.)
Trading Expectations (3UKL.L) For The Upcoming Trading Day Of Thursday 3rd
Since the stock is closer to the resistance from accumulated volume at £103.05 (1.18%) than the support at £97.43 (4.34%), 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 Boost FTSE 100 3x Leverage Daily ETP stock A Buy?
Boost FTSE 100 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 FTSE 100 3x Leverage Daily ETP of Thursday, September 3, 2020
| Fair opening price September 3, 2020 | Current price |
|---|---|
| £101.63 ( 0.216%) | £101.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3UKL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 105.39 | 3.48 % | |
| R2 | 103.95 | 2.07 % | ||
| R1 | 103.07 | 1.19 % | ||
| Current price: | 101.85 | |||
| Support | S1 | 100.19 | -1.63 % | |
| S2 | 99.31 | -2.50 % | ||
| S3 | 97.87 | -3.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 105.44 | 3.52 % | ||
| R1 | 103.05 | 1.18 % | ||
| Current price | 101.85 | |||
| Support | S1 | 97.43 | -4.34% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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