Wisdomtree Us Treasuries 30y 3x Daily ETF Forecast
Wisdomtree Us Treasuries 30y 3x Daily ETF upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 24, 2024)
The Wisdomtree Us Treasuries 30y 3x Daily ETF price fell by -1.45% on the last day (Monday, 24th Jun 2024) from £8,235.00 to £8,116.00. During the last trading day the ETF fluctuated 0.123% from a day low at £8,106.00 to a day high of £8,116.00. The price has fallen in 5 of the last 10 days and is down by -1.8% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately £24.03 million.
The ETF lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £7,900.69 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -7.27% during the next 3 months and, with a 90% probability hold a price between £7,326.21 and £9,066.78 at the end of this 3-month period.
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UL3S.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.03%. 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. The Wisdomtree Us Treasuries 30y 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 £8,155.29 and £8,951.04. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Wisdomtree Us Treasuries 30y 3x Daily ETF
Wisdomtree Us Treasuries 30y 3x Daily finds support from accumulated volume at £8,102.00 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 and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved £10.00 between high and low, or 0.123%. For the last week, the ETF has had daily average volatility of 0.513%.
Our recommended stop-loss: £7,730.47 (-4.75%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (UL3S.L) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Wisdomtree Us Treasuries 30y 3x Daily Short to open at £8,112.67, and during the day (based on 14 day Average True Range), to move between £7,854.88 and £8,377.12, which gives a possible trading interval of +/-£261.12 (+/-3.22%) up or down from last closing price. If Wisdomtree Us Treasuries 30y 3x Daily Short takes out the full calculated possible swing range there will be an estimated 6.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £8,102.00 (0.17%) than the resistance at £8,191.00 (0.92%), 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 Us Treasuries 30y 3x Daily Short ETF A Buy?
Wisdomtree Us Treasuries 30y 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Us Treasuries 30y 3x Daily Short of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| £8,112.67 ( 0.0411%) | £8,116.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UL3S.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8,122.67 | 0.0821% |
| R2 | 8,118.85 | 0.0351% |
| R1 | 8,116.49 | 0.0060% |
| Price | 8,116.00 | |
| S1 | 8,108.85 | -0.0881% |
| S2 | 8,106.49 | -0.117% |
| S3 | 8,102.67 | -0.164% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8,645.50 | 6.52% |
| R2 | 8,235.00 | 1.47% |
| R1 | 8,191.00 | 0.92% |
| Price | 8,116.00 | |
| S1 | 8,102.00 | -0.172% |
| S2 | 8,055.00 | -0.752% |
| S3 | 7,954.50 | -1.99% |
FAQ
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