Wisdomtree Long Nok Short Eur ETF Forecast
Green day on Friday for Wisdomtree Long Nok Short Eur ETF after gaining 0.0273%
(Updated on Jun 21, 2024)
The Wisdomtree Long Nok Short Eur ETF price gained 0.0273% on the last trading day (Friday, 21st Jun 2024), rising from 36.64€ to 36.65€. It has now gained 4 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% from a day low at 36.65€ to a day high of 36.65€. The price has risen in 8 of the last 10 days and is up by 2.22% 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, 513 more shares were traded than the day before. In total, 574 shares were bought and sold for approximately 21.04€ thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 36.69€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Wisdomtree Long Nok Short Eur ETF with a 90% probability to be traded between 36.70€ and 37.32€ 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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EUNO.MI Signals & Forecast
The Wisdomtree Long Nok Short Eur 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 36.27€ and 36.08€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 2.05%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Wisdomtree Long Nok Short Eur 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.
A buy signal from a double bottom formation was found on Monday, June 17, 2024 with a target of 36.06€. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for Wisdomtree Long Nok Short Eur ETF
Wisdomtree Long Nok Short Eur finds support from accumulated volume at 36.20€ 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€ between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.242%.
Our recommended stop-loss: 34.81€ (-5.03%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (EUNO.MI) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Wisdomtree Long Nok Short Eur to open at 36.65€, and during the day (based on 14 day Average True Range), to move between 36.45€ and 36.85€, which gives a possible trading interval of +/-0.197€ (+/-0.54%) up or down from last closing price. If Wisdomtree Long Nok Short Eur takes out the full calculated possible swing range there will be an estimated 1.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 36.20€, some 0.455€ (1.24%) from the current price of 36.65€, our system finds the risk reward attractive.
Is Wisdomtree Long Nok Short Eur ETF A Buy?
Wisdomtree Long Nok Short Eur 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 Long Nok Short Eur of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 36.65€ ( 0%) | 36.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUNO.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.65 | - |
| R2 | 36.65 | - |
| R1 | 36.65 | - |
| Price | 36.65 | |
| S1 | 36.65 | - |
| S2 | 36.65 | - |
| S3 | 36.65 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 36.65 | |
| S1 | 36.20 | -1.24% |
| S2 | 36.08 | -1.57% |
| S3 | 35.92 | -2.01% |
FAQ
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