Wisdomtree Long Usd Short Gbp ETF Forecast
Wisdomtree Long Usd Short Gbp ETF upgraded from Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on Jun 19, 2024)
The Wisdomtree Long Usd Short Gbp ETF price gained 0.354% on the last trading day (Wednesday, 19th Jun 2024), rising from £5,645.00 to £5,665.00. During the last trading day the ETF fluctuated 0% from a day low at £5,665.00 to a day high of £5,665.00. The price has risen in 5 of the last 10 days and is up by 1.05% over the past 2 weeks. Volume fell on the last day by -8 shares and in total, 0 shares were bought and sold for approximately £0 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Wisdomtree Long Usd Short Gbp ETF with a 90% probability to be traded between £5,545.50 and £5,719.93 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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GBUS.L Signals & Forecast
The Wisdomtree Long Usd Short Gbp ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £5,636.07 and £5,653.94. 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 1.41%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. The ETF had a Golden Star Signal on Tuesday, March 19, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, March 19, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Wisdomtree Long Usd Short Gbp ETF
Wisdomtree Long Usd Short Gbp finds support from accumulated volume at £5,643.50 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 0.0959%
Our recommended stop-loss: £5,397.94 (-4.71%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (GBUS.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Wisdomtree Long Usd Short Gbp to open at £5,665.00, and during the day (based on 14 day Average True Range), to move between £5,647.31 and £5,682.69, which gives a possible trading interval of +/-£17.69 (+/-0.31%) up or down from last closing price. If Wisdomtree Long Usd Short Gbp takes out the full calculated possible swing range there will be an estimated 0.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £5,643.50 (0.38%) than the resistance at £5,712.00 (0.83%), 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 Usd Short Gbp 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 Gbp ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.272 Buy Candidate Upgraded
Predicted Opening Price for Wisdomtree Long Usd Short Gbp of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £5,665.00 ( 0%) | £5,665.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GBUS.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,665.00 | - |
| R2 | 5,665.00 | - |
| R1 | 5,665.00 | - |
| Price | 5,665.00 | |
| S1 | 5,665.00 | - |
| S2 | 5,665.00 | - |
| S3 | 5,665.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,731.00 | 1.17% |
| R2 | 5,722.00 | 1.01% |
| R1 | 5,712.00 | 0.83% |
| Price | 5,665.00 | |
| S1 | 5,643.50 | -0.380% |
| S2 | 5,631.00 | -0.600% |
| S3 | 5,627.00 | -0.671% |
FAQ
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