How to play the short term trend accelerating higher – Crypto News – Crypto News
Connect with us
PSNY falls on big loss PSNY falls on big loss

others

How to play the short term trend accelerating higher – Crypto News

Published

2 years ago

on

Introduction

VolatilityMarkets suggests top quant trade ideas to take advantage of trending markets,

Market summary

spce last price was $6.34, In the short term Virgin Galactic has been accelerating higher, In the long term Virgin Galactic has been acceleratinghigher. Over the past 22 days, the SPCE price increased 16 days and decreased 6 days, For every up day, there were 0.38 down days. The average return on days where the price is increased is 5.4985% The average return on days where the price decreased is -4.4765% Over the past 22 days, the price has increased by 75.14% percentage, Over the past 22 days, the average return per day have been 3.4155% percent. With the short term trend being the stronger of the two, we propose a long trade idea with an overnight time horizon.

The trade idea

Buy $35,907 USD of Virgin Galactic, take profits at $6.5165 level with 50.01% odds for a $999 USD gain, stop out at $6.1634 with 50.0% odds for a $1,000 USD loss through O/N time horizon,

charts

Intraday Predictions

charts

SPCE trend analysis

charts

spce last price was $6.34, The short term trend accelerating higher is stronger than the long term trend accelerating higher. This trade goes long when the last change was higher and accelerating.

SPCE value analysis

charts

Over the past 22 days, the SPCE price increased 16 days and decreased 6 days, For every up day, there were 0.38 down days. The average return on days where the price is increased is 5.4985% The average return on days where the price decreased is -4.4765% Over the past 22 days, the price has increased by 75.14% percent. Over the past 22 days, the average return per day have been 3.4155% percent.

SPCE worst/best case scenario analysis

charts

Within 1 week, our worst case scenario where we are 95% certain that this level won’t trade for SPCE, is $5.8091, and the best case scenario overnight is $6.8709. Levels outside of this range are unlikely, but still possible, to trade. We are 50% confident that $6.1634 could trade and that $6.5165 could trade. These levels are within statistical probability.

Key Takeaways:

  • Price today $ 6.34

  • Over the past 22 days, the SPCE price increased by 16 days and decreased by 6 days.

  • For every up day, there were 0.38 down days.

  • The average return on days where the price increased is 5.4985%.

  • The average return on days where the price decreased is -4.4765%.

  • Over the past 22 days, the price has increased by 75.14% percent.

  • Over the past 22 days, the average return per day has been 3.4155% percent.

  • Over the past 22 days, the price has on average been accelerating: $0.0176 per day higher.

  • Over the last session, the price increased by $0.48.

  • Over the last session, the price increased by 7.571%.

  • Over the last session, the price accelerated by $0.10.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending