Wisdomtree Long Usd Short Eur 5x Daily ETF Forecast

Wisdomtree Long Usd Short Eur 5x Daily ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)

EUS5.MI Signals & Forecast

The Wisdomtree Long Usd Short Eur 5x Daily 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 116.16€. On a fall, the ETF will find some support from the long-term average at approximately 111.22€. 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 Wednesday, June 26, 2024, and so far it has fallen -1.42%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Wisdomtree Long Usd Short Eur 5x Daily ETF

Wisdomtree Long Usd Short Eur 5x Daily finds support from accumulated volume at 110.82€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. 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 0.757%.

Our recommended stop-loss: 111.18€ (-4.26%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 32 days ago.)

Trading Expectations (EUS5.MI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Wisdomtree Long Usd Short Eur 5x Daily to open at 116.13€, and during the day (based on 14 day Average True Range), to move between 113.70€ and 118.56€, which gives a possible trading interval of +/-2.43€ (+/-2.09%) up or down from last closing price. If Wisdomtree Long Usd Short Eur 5x Daily takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 116.41€ (0.24%) than the support at 110.82€ (4.57%), 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 Wisdomtree Long Usd Short Eur 5x Daily ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Wisdomtree Long Usd Short Eur 5x Daily ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.698 Buy Candidate Upgraded

Predicted Opening Price for Wisdomtree Long Usd Short Eur 5x Daily of Monday, July 1, 2024

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