Wisdomtree Us Treasuries 10y 3x Daily ETF Forecast
Wisdomtree Us Treasuries 10y 3x Daily ETF price down 0% on Friday
(Updated on Jun 28, 2024)
No changes to the price of Wisdomtree Us Treasuries 10y 3x Daily ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at 97.07€ to a day high of 97.07€. The price has been going up and down for this period, and there has been a 1.29% gain for the last 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 -4.59% during the next 3 months and, with a 90% probability hold a price between 89.17€ and 94.16€ 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.MI Signals & Forecast
There are few to no technical positive signals at the moment. The Wisdomtree Us Treasuries 10y 3x Daily 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 97.10€ and 98.09€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -0.635%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, June 12, 2024 and based on theory for this formation the price should go up by 5.93% to 102.83€ within 2 trading days since signal was issued (Friday, June 14, 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 96.77€ 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 therefore the general risk is considered very 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 0€ between high and low, or 0%. For the last week the ETF has had daily average volatility of 0%
Our recommended stop-loss: 92.99€ (-4.21%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (3TYS.MI) 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 97.07€, and during the day (based on 14 day Average True Range), to move between 96.19€ and 97.95€, which gives a possible trading interval of +/-0.88€ (+/-0.90%) 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 1.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 96.77€ (0.31%) than the resistance at 97.69€ (0.64%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 |
|---|---|
| 97.07€ ( 0%) | 97.07€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3TYS.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 97.07 | - |
| R2 | 97.07 | - |
| R1 | 97.07 | - |
| Price | 97.07 | |
| S1 | 97.07 | - |
| S2 | 97.07 | - |
| S3 | 97.07 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.43 | 3.46% |
| R2 | 97.85 | 0.80% |
| R1 | 97.69 | 0.639% |
| Price | 97.07 | |
| S1 | 96.77 | -0.309% |
| S2 | 96.31 | -0.783% |
| S3 | 95.83 | -1.28% |
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