Wisdomtree Short Usd Long Gbp 3x Daily ETF Forecast
Green day on Friday for Wisdomtree Short Usd Long Gbp 3x Daily ETF after gaining 0.153%
(Updated on Jun 28, 2024)
The Wisdomtree Short Usd Long Gbp 3x Daily ETF price gained 0.153% on the last trading day (Friday, 28th Jun 2024), rising from £818.75 to £820.00. During the last trading day the ETF fluctuated 0.549% from a day low at £819.50 to a day high of £824.00. The price has fallen in 5 of the last 10 days and is down by -4.87% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 63 more shares were traded than the day before. In total, 63 shares were bought and sold for approximately £51.66 thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 6.64% during the next 3 months and, with a 90% probability hold a price between £856.71 and £929.18 at the end of this 3-month period.
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PUS3.L Signals & Forecast
Wisdomtree Short Usd Long Gbp 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wisdomtree Short Usd Long Gbp 3x Daily ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £826.04 and £831.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -4.87%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wisdomtree Short Usd Long Gbp 3x Daily ETF
Wisdomtree Short Usd Long Gbp 3x Daily finds support from accumulated volume at £818.75 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 £4.50 between high and low, or 0.549%. For the last week the ETF has had daily average volatility of 0.511%.
Our recommended stop-loss: £768.50 (-6.28%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (PUS3.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Wisdomtree Short Usd Long Gbp 3x Daily to open at £821.17, and during the day (based on 14 day Average True Range), to move between £812.04 and £827.96, which gives a possible trading interval of +/-£7.96 (+/-0.97%) up or down from last closing price. If Wisdomtree Short Usd Long Gbp 3x Daily takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £818.75 (0.15%) than the resistance at £826.75 (0.82%), 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 Short Usd Long Gbp 3x Daily ETF A Buy?
Wisdomtree Short Usd Long Gbp 3x Daily holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Short Usd Long Gbp 3x Daily of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £821.17 ( 0.142%) | £820.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PUS3.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 825.67 | 0.691% |
| R2 | 823.95 | 0.481% |
| R1 | 822.89 | 0.352% |
| Price | 820.00 | |
| S1 | 819.45 | -0.0674% |
| S2 | 818.39 | -0.197% |
| S3 | 816.67 | -0.407% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 836.25 | 1.98% |
| R2 | 834.25 | 1.74% |
| R1 | 826.75 | 0.82% |
| Price | 820.00 | |
| S1 | 818.75 | -0.152% |
| S2 | 810.25 | -1.19% |
| S3 | 783.50 | -4.45% |
FAQ
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