Wisdomtree Btp 10y 3x Daily Leveraged ETF Forecast
Red day on Friday for Wisdomtree Btp 10y 3x Daily Leveraged
(Updated on Jun 21, 2024)
No changes to the price of Wisdomtree Btp 10y 3x Daily Leveraged ETF on the last trading day (Friday, 21st Jun 2024). During the last trading day the ETF fluctuated 1.31% from a day low at 112.72€ to a day high of 114.20€. The price has risen in 5 of the last 10 days and is up by 0.23% over the past 2 weeks.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.92% during the next 3 months and, with a 90% probability hold a price between 103.82€ and 111.61€ 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.
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3BTL.MI Signals & Forecast
There are mixed signals in the ETF today. The Wisdomtree Btp 10y 3x Daily Leveraged ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 112.89€ and 114.28€. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 2.98%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the ETF should be watched more closely at it may be a "turning point".
Support, Risk & Stop-loss for Wisdomtree Btp 10y 3x Daily Leveraged ETF
Wisdomtree Btp 10y 3x Daily Leveraged finds support from accumulated volume at 112.46€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 1.48€ between high and low, or 1.31%. For the last week the ETF has had daily average volatility of 1.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3BTL.MI) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Wisdomtree Btp 10y 3x Daily Leveraged to open at 113.21€, and during the day (based on 14 day Average True Range), to move between 110.81€ and 114.63€, which gives a possible trading interval of +/-1.91€ (+/-1.69%) up or down from last closing price. If Wisdomtree Btp 10y 3x Daily Leveraged takes out the full calculated possible swing range there will be an estimated 3.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 112.46€ (0.23%) than the resistance at 115.71€ (2.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wisdomtree Btp 10y 3x Daily Leveraged ETF A Buy?
Wisdomtree Btp 10y 3x Daily Leveraged 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 ETF.
Current score: -2.685 Sell Candidate Unchanged
Predicted Opening Price for Wisdomtree Btp 10y 3x Daily Leveraged of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 113.21€ ( 0.438%) | 112.72€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3BTL.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 114.69 | 1.75% |
| R2 | 114.13 | 1.25% |
| R1 | 113.78 | 0.94% |
| Price | 112.72 | |
| S1 | 112.65 | -0.0639% |
| S2 | 112.30 | -0.374% |
| S3 | 111.73 | -0.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 117.33 | 4.09% |
| R2 | 116.57 | 3.42% |
| R1 | 115.71 | 2.65% |
| Price | 112.72 | |
| S1 | 112.46 | -0.231% |
| S2 | 111.40 | -1.17% |
| S3 | 109.46 | -2.89% |
FAQ
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