Wisdomtree Long Usd Short Eur 5x Daily 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
Wisdomtree Long Usd Short Eur 5x Daily ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Wisdomtree Long Usd Short Eur 5x Daily ETF price fell by -0.103% on the last day (Friday, 28th Jun 2024) from 116.25€ to 116.13€. During the last trading day the ETF fluctuated 0% from a day low at 116.13€ to a day high of 116.13€. The price has fallen in 6 of the last 10 days and is down by -0.24% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -121 shares and in total, 25 shares were bought and sold for approximately 2.90€ thousand.
The ETF is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Wisdomtree Long Usd Short Eur 5x Daily ETF with a 90% probability to be traded between 107.05€ and 119.16€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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
Fair opening price July 1, 2024 | Current price |
---|---|
116.13€ ( 0%) | 116.13€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUS5.MI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 116.13 | - |
R2 | 116.13 | - |
R1 | 116.13 | - |
Price | 116.13 | |
S1 | 116.13 | - |
S2 | 116.13 | - |
S3 | 116.13 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 118.38 | 1.94% |
R2 | 118.34 | 1.90% |
R1 | 116.41 | 0.241% |
Price | 116.13 | |
S1 | 110.82 | -4.57% |
S2 | 107.40 | -7.52% |
S3 | 107.06 | -7.81% |
FAQ
Click here for our free guide on how to buy Wisdomtree Long Usd Short Eur 5x Daily ETF.