Wisdomtree Us Treasuries 10y 3x Daily ETF Forecast
Wisdomtree Us Treasuries 10y 3x Daily ETF downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Wisdomtree Us Treasuries 10y 3x Daily ETF price gained 0.172% on the last trading day (Tuesday, 25th Jun 2024), rising from £5,830.00 to £5,840.00. During the last trading day the ETF fluctuated 0.360% from a day low at £5,840.00 to a day high of £5,861.00. The price has risen in 7 of the last 10 days and is up by 3.83% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 11 shares were bought and sold for approximately £64.24 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 ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £5,893.12 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Wisdomtree Us Treasuries 10y 3x Daily ETF with a 90% probability to be traded between £5,538.77 and £5,961.15 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3TYL.L Signals & Forecast
The Wisdomtree Us Treasuries 10y 3x Daily ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £5,834.93 and £5,691.89. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.765%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, November 30, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, November 30, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A buy signal from a double bottom formation was found on Wednesday, May 29, 2024 and based on theory for this formation the price should go up by 1.62% to £5,934.50 within 22 trading days since signal was issued (Friday, June 28, 2024).
Support, Risk & Stop-loss for Wisdomtree Us Treasuries 10y 3x Daily ETF
Wisdomtree Us Treasuries 10y 3x Daily finds support from accumulated volume at £5,785.00 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved £21.00 between high and low, or 0.360%. For the last week the ETF has had daily average volatility of 0.439%.
Our recommended stop-loss: £5,649.55 (-3.26%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (3TYL.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Wisdomtree Us Treasuries 10y 3x Daily Leveraged to open at £5,847.00, and during the day (based on 14 day Average True Range), to move between £5,778.25 and £5,901.75, which gives a possible trading interval of +/-£61.75 (+/-1.06%) up or down from last closing price. If Wisdomtree Us Treasuries 10y 3x Daily Leveraged takes out the full calculated possible swing range there will be an estimated 2.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £5,848.00 (0.14%) than the support at £5,785.00 (0.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Wisdomtree Us Treasuries 10y 3x Daily Leveraged ETF A Buy?
Wisdomtree Us Treasuries 10y 3x Daily holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.157 Hold/Accumulate Downgraded
Predicted Opening Price for Wisdomtree Us Treasuries 10y 3x Daily Leveraged of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £5,847.00 ( 0.120%) | £5,840.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3TYL.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,868.00 | 0.479% |
| R2 | 5,859.98 | 0.342% |
| R1 | 5,855.02 | 0.257% |
| Price | 5,840.00 | |
| S1 | 5,838.98 | -0.0175% |
| S2 | 5,834.02 | -0.102% |
| S3 | 5,826.00 | -0.240% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,879.50 | 0.676% |
| R2 | 5,853.00 | 0.223% |
| R1 | 5,848.00 | 0.137% |
| Price | 5,840.00 | |
| S1 | 5,785.00 | -0.94% |
| S2 | 5,767.50 | -1.24% |
| S3 | 5,660.00 | -3.08% |
FAQ
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