DSLV Forecast and Technical Stock Analysis
Sell candidate since 2019-09-16 Loss -1.02% PDF
3X Inverse Silver ETN Velocityshares fell by -3.10% in the last day ( Friday, 20th Sep 2019 ) from $17.10 to $16.57 and has now fallen 3 days in a row. During the day the stock fluctuated 3.44% from a day low at $16.55 to a day high of $17.12. The price has fallen in 6 of the last 10 days , but is still up by 0.55% over the past 2 weeks. Volume has increased in the last day by 128 721 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 283 868 shares bought and sold for approximately $4.70 million.
- 30 day high of the DSLV stock price was $20.27 and low was $13.10.
- 90 day high was $31.00 and low was $13.10.
- 52 week high for 3X Inverse Silver ETN Velocityshares - $38.65 and low - $13.10.
3X Inverse Silver ETN Velocityshares lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $17.07 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -48.05% during the next 3 months and, with 90% probability hold a price between $5.24 and $8.87 at the end of this period.
There are few to none technical positive signals at the moment. 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 $16.94 and $18.32. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday September 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 52 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 $16.48.
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 $0.57 between high and low, or 3.44%. For the last week, the stock has had a daily average volatility of 4.62%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
4.62 %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.
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!