3X Inverse Silver ETN Velocityshares Stock Analysis
Technical stock analysis for 22 January 2019
3X Inverse Silver ETN Velocityshares gained 0.17% in the last trading day, rising from $28.92 to $28.97 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 6.94% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 341 999 more shares were traded than the day before. In total, 435 571 shares bought and sold for approximately $12.62 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the DSLV stock was $28.97. This is 0.17% more than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 1.91% from a day low at $28.87 to a day high of $29.42.
30 day high of the DSLV stock price was $32.69 and low was $26.42.
90 day high was $38.65 and low was $26.42.
52 week high for the 3X Inverse Silver ETN Velocityshares - $39.55 and low - $20.93.
3X Inverse Silver ETN Velocityshares lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.95% during the next 3 months and, with 90% probability hold a price between $19.35 and $24.88 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday January 03, 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 a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $30.69. On a fall, the stock will find some support from the short-term average at $27.92. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 59 and the stock is currently not being overbought or oversold
Support & Resistance
3X Inverse Silver ETN Velocityshares finds support from accumulated volume at $27.73.
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 $0.55 between high and low, or 1.91%. For the last week, the stock has had a daily average volatility of 1.93%.
Our recommended stoploss: $27.46 (-5.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 12 days ago.)
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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.