Wisdomtree Short Usd Long Eur ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Wisdomtree Short Usd Long Eur ETF downgraded to Sell Candidate
(Updated on Jun 26, 2024)
The Wisdomtree Short Usd Long Eur ETF price fell by -0.153% on the last day (Wednesday, 26th Jun 2024) from 29.38€ to 29.34€. During the last trading day the ETF fluctuated 0.188% from a day low at 29.32€ to a day high of 29.38€. The price has fallen in 6 of the last 10 days and is down by -1.51% for this period. Volume has increased on the last day by 183 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, 485 shares were bought and sold for approximately 14.23€ thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 29.26€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Wisdomtree Short Usd Long Eur ETF with a 90% probability to be traded between 29.39€ and 30.04€ 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
There are few to no technical positive signals at the moment. The Wisdomtree Short Usd Long Eur 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 29.42€ and 29.64€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.81%. 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). Wisdomtree Short Usd Long Eur gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wisdomtree Short Usd Long Eur ETF
Wisdomtree Short Usd Long Eur finds support from accumulated volume at 29.32€ 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 0.0550€ between high and low, or 0.188%. For the last week the ETF has had daily average volatility of 0.707%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (USEU.MI) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Wisdomtree Short Usd Long Eur to open at 29.34€, and during the day (based on 14 day Average True Range), to move between 29.17€ and 29.50€, which gives a possible trading interval of +/-0.166€ (+/-0.57%) 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 1.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 29.35€ (0.05%) than the support at 29.32€ (0.05%), 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 negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.147 Sell Candidate Downgraded
Predicted Opening Price for Wisdomtree Short Usd Long Eur of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 29.34€ ( 0.0284%) | 29.34€ |
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 | 29.40 | 0.216% |
| R2 | 29.38 | 0.144% |
| R1 | 29.36 | 0.100% |
| Price | 29.34 | |
| S1 | 29.32 | -0.0432% |
| S2 | 29.31 | -0.0875% |
| S3 | 29.29 | -0.159% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.82 | 1.65% |
| R2 | 29.50 | 0.562% |
| R1 | 29.35 | 0.0511% |
| Price | 29.34 | |
| S1 | 29.32 | -0.0511% |
| S2 | 29.17 | -0.562% |
| S3 | 29.16 | -0.597% |
FAQ
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