Wisdomtree Us Treasuries 10y 3x Daily ETF Forecast
Wisdomtree Us Treasuries 10y 3x Daily ETF price ended at £8,326.00 on Friday, after gaining 1.78%.
(Updated on Jun 28, 2024)
The Wisdomtree Us Treasuries 10y 3x Daily ETF price gained 1.78% on the last trading day (Friday, 28th Jun 2024), rising from £8,180.00 to £8,326.00. During the last trading day the ETF fluctuated 0% from a day low at £8,326.00 to a day high of £8,326.00. The price has been going up and down for this period, and there has been a 0.69% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 more shares were traded than the day before. In total, 2 shares were bought and sold for approximately £16.65 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 -5.48% during the next 3 months and, with a 90% probability hold a price between £7,654.41 and £8,158.84 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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3TYS.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 2.36%. Further rise is indicated until a new top pivot has been found. Wisdomtree Us Treasuries 10y 3x Daily has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wisdomtree Us Treasuries 10y 3x Daily ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £8,424.10. On a fall, the ETF will find some support from the short-term average at £8,202.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wisdomtree Us Treasuries 10y 3x Daily ETF
Wisdomtree Us Treasuries 10y 3x Daily finds support from accumulated volume at £8,269.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved £0 (0%) between high and low. For the last week, the ETF has had daily average volatility of 0%.
Our recommended stop-loss: £7,881.14 (-5.34%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (3TYS.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Wisdomtree Us Treasuries 10y 3x Daily Short to open at £8,326.00, and during the day (based on 14 day Average True Range), to move between £8,256.93 and £8,395.07, which gives a possible trading interval of +/-£69.07 (+/-0.83%) up or down from last closing price. If Wisdomtree Us Treasuries 10y 3x Daily Short takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £8,269.00 (0.68%) than the resistance at £8,501.50 (2.11%), 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 Us Treasuries 10y 3x Daily Short 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Wisdomtree Us Treasuries 10y 3x Daily Short of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £8,326.00 ( 0%) | £8,326.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3TYS.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8,326.00 | - |
| R2 | 8,326.00 | - |
| R1 | 8,326.00 | - |
| Price | 8,326.00 | |
| S1 | 8,326.00 | - |
| S2 | 8,326.00 | - |
| S3 | 8,326.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8,873.50 | 6.58% |
| R2 | 8,797.50 | 5.66% |
| R1 | 8,501.50 | 2.11% |
| Price | 8,326.00 | |
| S1 | 8,269.00 | -0.685% |
| S2 | 8,209.00 | -1.41% |
| S3 | 8,180.00 | -1.75% |
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