Ossiam Us Steepener ETF Forecast

Evaluation of Ossiam Us Steepener ETF downgraded after the last trading session.
(Updated on Jun 24, 2024)

USTP.F Signals & Forecast

The Ossiam Us Steepener 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 114.95€. On a fall, the ETF will find some support from the long-term average at approximately 114.22€. 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. 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -0.468%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, June 07, 2024 in the short-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 Ossiam Us Steepener ETF

Ossiam Us Steepener finds support from accumulated volume at 113.98€ 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 0.585€ between high and low, or 0.510%. For the last week the ETF has had daily average volatility of 0.302%

Our recommended stop-loss: 110.54€ (-3.76%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (USTP.F) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Ossiam Us Steepener to open at 114.91€, and during the day (based on 14 day Average True Range), to move between 114.28€ and 115.43€, which gives a possible trading interval of +/-0.575€ (+/-0.50%) up or down from last closing price. If Ossiam Us Steepener takes out the full calculated possible swing range there will be an estimated 1.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 114.90€ (0.03%) than the support at 113.98€ (0.77%), 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 Ossiam Us Steepener ETF A Buy?

Ossiam Us Steepener 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.918 Hold/Accumulate Downgraded

Predicted Opening Price for Ossiam Us Steepener of Tuesday, June 25, 2024

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