DSLV Forecast and Technical Stock Analysis
Buy candidate since 2019-12-13 PDF
3X Inverse Silver ETN Velocityshares gained 0.48% in the last trading day ( Friday, 13th Dec 2019 ), rising from $18.87 to $18.96 During the day the stock fluctuated 2.12% from a day low at $18.84 to a day high of $19.24. The price has fallen in 6 of the last 10 days , but is still up by 1.07% over the past 2 weeks. Volume fell in the last day by -80 723 shares and in total, 245 672 shares bought and sold for approximately $4.66 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the DSLV stock price was $21.38 and low was $18.16.
- 90 day high was $21.38 and low was $14.42.
- 52 week high for 3X Inverse Silver ETN Velocityshares - $35.65 and low - $13.10.
3X Inverse Silver ETN Velocityshares lies in the middle of a very 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 17.05% during the next 3 months and, with 90% probability hold a price between $20.09 and $25.24 at the end of this period.
Only positive signals in the chart today. 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 $19.47. On a fall, the stock will find some support from the long-term average at approximately $18.28. 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. A buy signal was issued from a pivot bottom point on Thursday December 12, 2019, which indicates further gains until a new top pivot has been found. 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 51 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 behaviour.
Support & Resistance
3X Inverse Silver ETN Velocityshares finds support from accumulated volume at $18.92.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.40 (2.12%) between high and low. For the last week, the stock has had daily average volatility of 3.23%.
Our recommended stop-loss: $17.89 (-5.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
3.23 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate candidate.
Golden Star Signal
This unique 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 substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!