Social Sentiment for DSLV
Bullish vs. Bearish opinions
Weighted Sentiment 0.00
3X Inverse Silver ETN Velocityshares Forecast and Stock Analysis
Technical DSLV stock analysis for Thursday May 23, 2019.
|Price to book||n/a|
|Next Earnings Date||n/a|
3X Inverse Silver ETN Velocityshares fell by -3.23% in the last day ( Thursday, 23rd May 2019 ) from $34.64 to $33.52 During day the stock fluctuated 2.71% from a day low at $33.17 to a day high of $34.07. The price has been going up and down for this period, and there has been a 3.36% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -5 909 shares and in total 65 922 shares bought and sold for approximately $2.21 million.
- 30 day high of the DSLV stock price was $35.03 and low was $30.37.
- 90 day high was $35.03 and low was $25.54.
- 52 week high for the 3X Inverse Silver ETN Velocityshares - $39.55 and low - $21.07.
3X Inverse Silver ETN Velocityshares lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.58% during the next 3 months and, with 90% probability hold a price between $37.91 and $42.99 at the end of this period.
3X Inverse Silver ETN Velocityshares holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $33.97. On a fall, the stock will find some support from the long-term average at approximately $31.78. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday May 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 69 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $31.35 and $30.39.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, 3X Inverse Silver ETN Velocityshares finds support just below today's level at $31.35. If this is broken, then the next support from accumulated volume will be at $30.39 and $30.01.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.90 between high and low, or 2.71%. For the last week, the stock has had a daily average volatility of 1.55%.
Our recommended stoploss: $31.76 (-5.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 4 days ago.)
1.55 %Average volatility
Very Low Low Medium High Very High
3X Inverse Silver ETN Velocityshares holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us