Lyxor 10y Us Treasury Daily (-2x) ETF Forecast
Lyxor 10y Us Treasury Daily (-2x) ETF upgraded to Hold/Accumulate.
(Updated on Jun 27, 2024)
The Lyxor 10y Us Treasury Daily (-2x) ETF price gained 0.0695% on the last trading day (Thursday, 27th Jun 2024), rising from 100.72€ to 100.79€. During the last trading day the ETF fluctuated 0.84% from a day low at 100.72€ to a day high of 101.57€. The price has risen in 7 of the last 10 days and is up by 1.3% over the past 2 weeks. Volume fell on the last day by -19 shares and in total, 3 shares were bought and sold for approximately 302.37€ . 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Lyxor 10y Us Treasury Daily (-2x) ETF with a 90% probability to be traded between 96.47€ and 101.24€ 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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DSUS.PA Signals & Forecast
The Lyxor 10y Us Treasury Daily (-2x) ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 100.26€ and 100.77€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 1.77%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
A buy signal from a double bottom formation was found on Friday, June 07, 2024 and based on theory for this formation the price should go up by 5.94% to 106.77€ within 17 trading days since signal was issued (Tuesday, July 02, 2024).
Support, Risk & Stop-loss for Lyxor 10y Us Treasury Daily (-2x) ETF
Lyxor 10y Us Treasury Daily (-2x) finds support from accumulated volume at 100.38€ 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 0.85€ between high and low, or 0.84%. For the last week the ETF has had daily average volatility of 0.191%
Our recommended stop-loss: 96.53€ (-4.22%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (DSUS.PA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Lyxor 10y Us Treasury Daily (-2x) Inverse Ucits Etf to open at 101.03€, and during the day (based on 14 day Average True Range), to move between 100.07€ and 101.51€, which gives a possible trading interval of +/-0.723€ (+/-0.72%) up or down from last closing price. If Lyxor 10y Us Treasury Daily (-2x) Inverse Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 100.38€ (0.41%) than the resistance at 102.19€ (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lyxor 10y Us Treasury Daily (-2x) Inverse Ucits Etf ETF A Buy?
Lyxor 10y Us Treasury Daily (-2x) 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.118 Hold/Accumulate Upgraded
Predicted Opening Price for Lyxor 10y Us Treasury Daily (-2x) Inverse Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 101.03€ ( 0.235%) | 100.79€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DSUS.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 101.88 | 1.08% |
| R2 | 101.55 | 0.756% |
| R1 | 101.35 | 0.557% |
| Price | 100.79 | |
| S1 | 100.70 | -0.0873% |
| S2 | 100.50 | -0.286% |
| S3 | 100.18 | -0.609% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 104.51 | 3.69% |
| R2 | 103.84 | 3.03% |
| R1 | 102.19 | 1.39% |
| Price | 100.79 | |
| S1 | 100.38 | -0.407% |
| S2 | 99.89 | -0.89% |
| S3 | 99.46 | -1.32% |
FAQ
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