Wisdomtree Long Usd Short Eur 3x Daily ETF Forecast
Green day on Friday for Wisdomtree Long Usd Short Eur 3x Daily ETF after gaining 1.62%
(Updated on Jun 21, 2024)
The Wisdomtree Long Usd Short Eur 3x Daily ETF price gained 1.62% on the last trading day (Friday, 21st Jun 2024), rising from 98.78€ to 100.38€. During the last trading day the ETF fluctuated 0.179% from a day low at 100.38€ to a day high of 100.56€. The price has risen in 5 of the last 10 days and is up by 5.67% 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, 21 more shares were traded than the day before. In total, 21 shares were bought and sold for approximately 2.11€ thousand.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 100.94€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 4.88% during the next 3 months and, with a 90% probability hold a price between 102.51€ and 105.87€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EUS3.MI Signals & Forecast
The Wisdomtree Long Usd Short Eur 3x Daily 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 99.32€ and 97.30€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 4.66%. 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 Usd Short Eur 3x Daily 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.
Support, Risk & Stop-loss for Wisdomtree Long Usd Short Eur 3x Daily ETF
Wisdomtree Long Usd Short Eur 3x Daily finds support from accumulated volume at 100.11€ 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 0.180€ between high and low, or 0.179%. For the last week the ETF has had daily average volatility of 0.262%.
Our recommended stop-loss: 95.68€ (-4.68%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (EUS3.MI) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Wisdomtree Long Usd Short Eur 3x Daily to open at 100.44€, and during the day (based on 14 day Average True Range), to move between 99.22€ and 101.54€, which gives a possible trading interval of +/-1.16€ (+/-1.16%) up or down from last closing price. If Wisdomtree Long Usd Short Eur 3x Daily takes out the full calculated possible swing range there will be an estimated 2.32% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 100.11€, some 0.270€ (0.27%) from the current price of 100.38€, our system finds the risk reward attractive.
Is Wisdomtree Long Usd Short Eur 3x Daily ETF A Buy?
Wisdomtree Long Usd Short Eur 3x Daily 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 Usd Short Eur 3x Daily of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 100.44€ ( 0.0598%) | 100.38€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUS3.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.62 | 0.239% |
| R2 | 100.55 | 0.171% |
| R1 | 100.51 | 0.128% |
| Price | 100.38 | |
| S1 | 100.37 | -0.0087% |
| S2 | 100.33 | -0.0510% |
| S3 | 100.26 | -0.120% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 100.38 | |
| S1 | 100.11 | -0.269% |
| S2 | 99.48 | -0.90% |
| S3 | 97.09 | -3.28% |
FAQ
Click here for our free guide on how to buy Wisdomtree Long Usd Short Eur 3x Daily ETF.
