Wisdomtree Short Usd Long Eur ETF Forecast
Green day on Thursday for Wisdomtree Short Usd Long Eur
(Updated on Jul 04, 2024)
The Wisdomtree Short Usd Long Eur ETF price gained 0.0506% on the last trading day (Thursday, 4th Jul 2024), rising from 29.67€ to 29.68€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0% from a day low at 29.68€ to a day high of 29.68€. The price has risen in 5 of the last 10 days and is up by 0.88% over the past 2 weeks. Volume fell on the last day by -256 shares and in total, 7 shares were bought and sold for approximately 207.76€ . 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 Short Usd Long Eur ETF with a 90% probability to be traded between 29.46€ and 30.09€ 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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USEU.MI Signals & Forecast
The Wisdomtree Short Usd Long Eur 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 29.48€ and 29.61€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.18%. 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, July 02, 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, July 02, 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 Short Usd Long Eur ETF
Wisdomtree Short Usd Long Eur finds support from accumulated volume at 29.50€ 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 0.96%
Our recommended stop-loss: 28.15€ (-5.16%) (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 (USEU.MI) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Wisdomtree Short Usd Long Eur to open at 29.68€, and during the day (based on 14 day Average True Range), to move between 29.48€ and 29.88€, which gives a possible trading interval of +/-0.204€ (+/-0.69%) up or down from last closing price. If Wisdomtree Short Usd Long Eur takes out the full calculated possible swing range there will be an estimated 1.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 29.69€ (0.03%) than the support at 29.50€ (0.61%), 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 Short Usd Long Eur ETF A Buy?
Wisdomtree Short Usd Long Eur holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.557 Hold/Accumulate Unchanged
Predicted Opening Price for Wisdomtree Short Usd Long Eur of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| 29.68€ ( 0.00000000%) | 29.68€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USEU.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.68 | 0.00000000% |
| R2 | 29.68 | 0.00000000% |
| R1 | 29.68 | 0.00000000% |
| Price | 29.68 | |
| S1 | 29.68 | 0.00000000% |
| S2 | 29.68 | 0.00000000% |
| S3 | 29.68 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.82 | 0.472% |
| R2 | 29.79 | 0.354% |
| R1 | 29.69 | 0.0337% |
| Price | 29.68 | |
| S1 | 29.50 | -0.606% |
| S2 | 29.35 | -1.11% |
| S3 | 29.17 | -1.72% |
FAQ
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