3X Long Silver ETN Velocityshares Forecast and Stock Analysis
Technical USLV stock analysis for Thursday May 23, 2019.
|Price to book||n/a|
|Next Earnings Date||n/a|
3X Long Silver ETN Velocityshares gained 3.36% in the last trading day ( Thursday, 23rd May 2019 ), rising from $55.91 to $57.79 During day the stock fluctuated 2.64% from a day low at $56.80 to a day high of $58.30. The price has risen in 6 of the last 10 days , but is still down by -3.75% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 43 541 more shares were traded than the day before. In total, 173 824 shares bought and sold for approximately $10.05 million.
- 30 day high of the USLV stock price was $64.63 and low was $55.05.
- 90 day high was $79.40 and low was $55.05.
- 52 week high for the 3X Long Silver ETN Velocityshares - $83.61 and low - $5.65.
3X Long Silver ETN Velocityshares 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 -20.05% during the next 3 months and, with 90% probability hold a price between $41.48 and $49.13 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday May 22, 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 Long 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 $61.74. On a fall, the stock will find some support from the short-term average at $57.14. 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)
The stock currently holds a RSI14 at 28 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
3X Long Silver ETN Velocityshares finds support from accumulated volume at $57.51.
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 $1.50 between high and low, or 2.64%. For the last week, the stock has had a daily average volatility of 1.73%.
3X Long Silver ETN Velocityshares is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.73 %Average volatility
Very Low Low Medium High Very High
3X Long Silver ETN Velocityshares holds several negative signals and we believe that 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|
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
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us