Boost NASDAQ 100 3x Short Daily ETP Stock Forecast

£10.44
+0.215 (+2.10%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of QQQS.L
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Boost NASDAQ 100 3x Short Daily ETP stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Boost NASDAQ 100 3x Short Daily ETP stock price gained 2.10% on the last trading day (Wednesday, 27th Mar 2024), rising from £10.23 to £10.44. During the last trading day the stock fluctuated 2.68% from a day low at £10.25 to a day high of £10.52. The price has risen in 6 of the last 10 days but is still down by -1.67% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 350 thousand more shares were traded than the day before. In total, 469 thousand shares were bought and sold for approximately £4.90 million.

The stock lies in the middle of a 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 -24.91% during the next 3 months and, with a 90% probability hold a price between £7.32 and £8.23 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

QQQS.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 4.57%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Boost NASDAQ 100 3x Short Daily ETP stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £10.83. On a fall, the stock will find some support from the short-term average at £10.39. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Boost NASDAQ 100 3x Short Daily ETP stock

Boost NASDAQ 100 3x Short Daily ETP finds support from accumulated volume at £10.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0.275 between high and low, or 2.68%. For the last week, the stock has had daily average volatility of 2.02%.

Our recommended stop-loss: £9.96 (-4.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (QQQS.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Boost NASDAQ 100 3x Short Daily ETP to open at £10.40, and during the day (based on 14 day Average True Range), to move between £10.07 and £10.81, which gives a possible trading interval of +/-£0.374 (+/-3.59%) up or down from last closing price. If Boost NASDAQ 100 3x Short Daily ETP takes out the full calculated possible swing range there will be an estimated 7.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £10.46 (0.14%) than the support at £10.31 (1.22%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Boost NASDAQ 100 3x Short Daily ETP stock A Buy?

Boost NASDAQ 100 3x Short Daily ETP holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.178 Hold/Accumulate Upgraded

Predicted Opening Price for Boost NASDAQ 100 3x Short Daily ETP of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£10.40 ( 0.367%) £10.44

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for QQQS.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.68 2.27 %
R2 10.57 1.26 %
R1 10.51 0.639 %
Current price: 10.44
Support S1 10.30 -1.37 %
S2 10.23 -2.00 %
S3 10.13 -3.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.40 9.17 %
R2 11.17 6.94 %
R1 10.46 0.144 %
Current price 10.44
Support S1 10.31 -1.22%
S2 10.24 -1.94%
S3 10.23 -2.06%

FAQ

What is the symbol for Boost NASDAQ 100 3x Short Daily ETP Stock and on which exchange is it traded?
The symbol for Boost NASDAQ 100 3x Short Daily ETP is QQQS.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Boost NASDAQ 100 3x Short Daily ETP Stock?
Boost NASDAQ 100 3x Short Daily ETP holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Boost NASDAQ 100 3x Short Daily ETP Stock?
Boost NASDAQ 100 3x Short Daily ETP Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Boost NASDAQ 100 3x Short Daily ETP Stock.

What's the current price of Boost NASDAQ 100 3x Short Daily ETP Stock?
As of the end of day on the 2024-03-27, the price of an Boost NASDAQ 100 3x Short Daily ETP (QQQS.L) share was £10.44.

What is the 52-week high and low for Boost NASDAQ 100 3x Short Daily ETP Stock?
The 52-week high for Boost NASDAQ 100 3x Short Daily ETP Stock is £31.66 and the 52-week low is £9.98.

What is the market capitalization of Boost NASDAQ 100 3x Short Daily ETP Stock?
As of the 2024-03-27, the market capitalization of Boost NASDAQ 100 3x Short Daily ETP is 77.121M.
Click to get the best stock tips daily for free!