DSLV Forecast and Technical Stock AnalysisSell candidate since 2019-07-12 Loss -17.45%
3X Inverse Silver ETN Velocityshares gained 2.52% in the last trading day ( Friday, 19th Jul 2019 ), rising from $23.39 to $23.98 During day the stock fluctuated 10.89% from a day low at $22.22 to a day high of $24.64. The price has fallen in 7 of the last 10 days and is down by -20.95% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 241 039 more shares were traded than the day before. In total, 547 422 shares bought and sold for approximately $13.13 million.
- 30 day high of the DSLV stock price was $31.00 and low was $22.22.
- 90 day high was $35.65 and low was $22.22.
- 52 week high for the 3X Inverse Silver ETN Velocityshares - $39.55 and low - $22.22.
3X Inverse Silver ETN Velocityshares lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $23.30 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.32% during the next 3 months and, with 90% probability hold a price between $19.73 and $26.94 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday July 18, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 3X Inverse Silver ETN Velocityshares holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $26.62 and $29.55. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 31 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
3X Inverse Silver ETN Velocityshares finds support from accumulated volume at $23.39.
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 $2.42 between high and low, or 10.89%. For the last week, the stock has had a daily average volatility of 5.81%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
5.81 %Average volatility
Very Low Low Medium High Very High
3X Inverse Silver ETN Velocityshares holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
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