Wisdomtree Silver 3x Daily Leveraged ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Wisdomtree Silver 3x Daily Leveraged ETF after gaining 2.38%
(Updated on Jun 28, 2024)
The Wisdomtree Silver 3x Daily Leveraged ETF price gained 2.38% on the last trading day (Friday, 28th Jun 2024), rising from 54.62€ to 55.92€. During the last trading day the ETF fluctuated 4.74% from a day low at 55.50€ to a day high of 58.13€. The price has been going up and down for this period, and there has been a -0.92% loss for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 12 thousand shares were bought and sold for approximately 649.96€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 51.74€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 13.74% during the next 3 months and, with a 90% probability hold a price between 58.85€ and 95.87€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3SIL.MI Signals & Forecast
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 Silver 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 57.39€ and 63.54€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -29.83%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Wisdomtree Silver 3x Daily Leveraged ETF
Wisdomtree Silver 3x Daily Leveraged finds support from accumulated volume at 54.51€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF may move much during the day (volatility) and with periodic low trading volume this ETF is considered to be "high risk". During the last day, the ETF moved 2.63€ between high and low, or 4.74%. For the last week the ETF has had daily average volatility of 4.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3SIL.MI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Wisdomtree Silver 3x Daily Leveraged to open at 56.52€, and during the day (based on 14 day Average True Range), to move between 51.41€ and 60.43€, which gives a possible trading interval of +/-4.51€ (+/-8.06%) up or down from last closing price. If Wisdomtree Silver 3x Daily Leveraged takes out the full calculated possible swing range there will be an estimated 16.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 54.51€ (2.52%) than the resistance at 59.90€ (7.12%), 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 Silver 3x Daily Leveraged ETF A Buy?
The Wisdomtree Silver 3x Daily Leveraged ETF holds several negative signals and despite the positive trend, we believe Wisdomtree Silver 3x Daily Leveraged will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -3.977 Sell Candidate Unchanged
Predicted Opening Price for Wisdomtree Silver 3x Daily Leveraged of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 56.52€ ( 1.07%) | 55.92€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3SIL.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 59.15 | 5.77% |
| R2 | 58.14 | 3.97% |
| R1 | 57.52 | 2.86% |
| Price | 55.92 | |
| S1 | 55.51 | -0.730% |
| S2 | 54.89 | -1.84% |
| S3 | 53.89 | -3.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 65.04 | 16.31% |
| R2 | 62.40 | 11.59% |
| R1 | 59.90 | 7.12% |
| Price | 55.92 | |
| S1 | 54.51 | -2.52% |
| S2 | 51.79 | -7.39% |
| S3 | 50.59 | -9.53% |
FAQ
Click here for our free guide on how to buy Wisdomtree Silver 3x Daily Leveraged ETF.
