Wisdomtree Coffee 2x Daily Leveraged ETF Forecast

Wisdomtree Coffee 2x Daily Leveraged ETF price ended at $1.49 on Thursday, after losing 0%.
(Updated on Jun 27, 2024)

LCFE.L Signals & Forecast

The Wisdomtree Coffee 2x Daily Leveraged 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 $1.53. On a fall, the ETF will find some support from the long-term average at approximately $1.41. 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. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Wisdomtree Coffee 2x Daily Leveraged ETF

Wisdomtree Coffee 2x Daily Leveraged finds support from accumulated volume at $1.47 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 5.28%

Our recommended stop-loss: $1.40 (-6.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (LCFE.L) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Wisdomtree Coffee 2x Daily Leveraged to open at $1.49, and during the day (based on 14 day Average True Range), to move between $1.41 and $1.57, which gives a possible trading interval of +/-$0.0828 (+/-5.56%) up or down from last closing price. If Wisdomtree Coffee 2x Daily Leveraged takes out the full calculated possible swing range there will be an estimated 11.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.47 (1.34%) than the resistance at $1.52 (1.95%), 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 Coffee 2x Daily Leveraged ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Wisdomtree Coffee 2x Daily Leveraged ETF to perform well in the short-term.

Current score: 2.262 Buy Candidate Unchanged

Predicted Opening Price for Wisdomtree Coffee 2x Daily Leveraged of Friday, June 28, 2024

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