Wisdomtree Btp 10y 3x Daily Leveraged ETF Forecast
Wisdomtree Btp 10y 3x Daily Leveraged ETF price ended at 110.55€ on Thursday, after losing 1.07%.
(Updated on Jun 27, 2024)
The Wisdomtree Btp 10y 3x Daily Leveraged ETF price fell by -1.07% on the last day (Thursday, 27th Jun 2024) from 111.75€ to 110.55€. During the last trading day the ETF fluctuated 0.780% from a day low at 110.26€ to a day high of 111.12€. The price has risen in 5 of the last 10 days but is still down by -1.78% for this period. Volume has increased on the last day by 685 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately 190.26€ thousand.
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 -3.14% during the next 3 months and, with a 90% probability hold a price between 105.03€ and 112.68€ at the end of this 3-month period.
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3BTL.MI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 1.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 112.38€ and 113.79€. A break-up above any of these levels will issue buy signals. Wisdomtree Btp 10y 3x Daily Leveraged gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Wisdomtree Btp 10y 3x Daily Leveraged ETF
Wisdomtree Btp 10y 3x Daily Leveraged finds support from accumulated volume at 109.72€ 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 0.86€ between high and low, or 0.780%. For the last week the ETF has had daily average volatility of 0.793%.
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 Friday 28th
For the upcoming trading day on Friday, 28th we expect Wisdomtree Btp 10y 3x Daily Leveraged to open at 110.64€, and during the day (based on 14 day Average True Range), to move between 108.85€ and 112.25€, which gives a possible trading interval of +/-1.70€ (+/-1.54%) 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 3.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 109.72€ (0.75%) than the resistance at 111.40€ (0.77%), 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 is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.485 Sell Candidate Unchanged
Predicted Opening Price for Wisdomtree Btp 10y 3x Daily Leveraged of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 110.64€ ( 0.0844%) | 110.55€ |
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 | 111.50 | 0.86% |
| R2 | 111.17 | 0.565% |
| R1 | 110.97 | 0.382% |
| Price | 110.55 | |
| S1 | 110.31 | -0.213% |
| S2 | 110.11 | -0.396% |
| S3 | 109.78 | -0.694% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 116.57 | 5.45% |
| R2 | 115.71 | 4.67% |
| R1 | 111.40 | 0.769% |
| Price | 110.55 | |
| S1 | 109.72 | -0.751% |
| S2 | 109.46 | -0.99% |
| S3 | 0 | - |
FAQ
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