Lyxor 10y Us Treasury Daily (-2x) 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 Lyxor 10y Us Treasury Daily (-2x) ETF after gaining 0.595%
(Updated on Jun 28, 2024)
The Lyxor 10y Us Treasury Daily (-2x) ETF price gained 0.595% on the last trading day (Friday, 28th Jun 2024), rising from 100.79€ to 101.39€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.237% from a day low at 101.15€ to a day high of 101.39€. The price has risen in 7 of the last 10 days and is up by 1.7% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 389 more shares were traded than the day before. In total, 392 shares were bought and sold for approximately 39.74€ thousand.
The ETF lies in the middle of a narrow and 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 -2.36% during the next 3 months and, with a 90% probability hold a price between 95.86€ and 100.49€ 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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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 100.52€ and 100.75€. A breakdown below any of these levels will issue sell signals. Lyxor 10y Us Treasury Daily (-2x) 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. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -0.87%. 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).
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 5.31% 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.240€ between high and low, or 0.237%. For the last week the ETF has had daily average volatility of 0.216%.
Our recommended stop-loss: 97.12€ (-4.21%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (DSUS.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor 10y Us Treasury Daily (-2x) Inverse Ucits Etf to open at 101.31€, and during the day (based on 14 day Average True Range), to move between 100.68€ and 102.10€, which gives a possible trading interval of +/-0.711€ (+/-0.70%) 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 1.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 102.19€ (0.79%) than the support at 100.38€ (1.00%), 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 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.
Current score: 0.218 Hold/Accumulate Unchanged
Predicted Opening Price for Lyxor 10y Us Treasury Daily (-2x) Inverse Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 101.31€ ( 0.0789%) | 101.39€ |
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 | 101.55 | 0.158% |
| R2 | 101.46 | 0.0674% |
| R1 | 101.40 | 0.0115% |
| Price | 101.39 | |
| S1 | 101.22 | -0.169% |
| S2 | 101.16 | -0.225% |
| S3 | 101.07 | -0.316% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 104.51 | 3.08% |
| R2 | 103.84 | 2.42% |
| R1 | 102.19 | 0.789% |
| Price | 101.39 | |
| S1 | 100.38 | -1.00% |
| S2 | 99.89 | -1.48% |
| S3 | 99.46 | -1.90% |
FAQ
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