Wisdomtree Long Nok Short Eur ETF Forecast

Wisdomtree Long Nok Short Eur ETF price ended at 36.29€ on Thursday, after gaining 0.0965%.
(Updated on Jun 27, 2024)

EUNO.MI Signals & Forecast

The Wisdomtree Long Nok Short Eur ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 36.46€. On a fall, the ETF will find some support from the long-term average at approximately 36.15€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 24, 2024, and so far it has fallen -0.98%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for Wisdomtree Long Nok Short Eur ETF

Wisdomtree Long Nok Short Eur finds support from accumulated volume at 36.26€ 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 0.0797%

Our recommended stop-loss: 34.98€ (-3.61%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (EUNO.MI) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Wisdomtree Long Nok Short Eur to open at 36.29€, and during the day (based on 14 day Average True Range), to move between 36.12€ and 36.46€, which gives a possible trading interval of +/-0.174€ (+/-0.48%) 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 0.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 36.26€ (0.10%) than the resistance at 36.35€ (0.17%), 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 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 Friday, June 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.