USLV Forecast and Technical Stock AnalysisBuy candidate since 2019-07-19
3X Long Silver ETN Velocityshares fell by -2.80% in the last day ( Friday, 19th Jul 2019 ) from $79.34 to $77.12 During day the stock fluctuated 10.14% from a day low at $75.28 to a day high of $82.92. The price has risen in 8 of the last 10 days and is up by 25.19% over the past 2 weeks. Volume has increased in the last day by 90 494 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, 974 777 shares bought and sold for approximately $75.17 million.
- 30 day high of the USLV stock price was $82.92 and low was $60.20.
- 90 day high was $82.92 and low was $54.09.
- 52 week high for the 3X Long Silver ETN Velocityshares - $83.61 and low - $5.65.
3X Long Silver ETN Velocityshares lies in the upper part of a very wide and strong rising 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 $79.48 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 12.43% during the next 3 months and, with 90% probability hold a price between $67.39 and $89.36 at the end of this period.
3X Long Silver ETN Velocityshares holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $70.43 and $64.31. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday July 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 69 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 Long Silver ETN Velocityshares finds support from accumulated volume at $74.32.
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 $7.64 between high and low, or 10.14%. For the last week, the stock has had a daily average volatility of 5.58%.
Our recommended stoploss: $73.71 (-4.42%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)
5.58 %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 recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|Golden Star Signal|
Get competitive edge
The 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 a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now