Ossiam Us Steepener ETF Forecast
Green day on Friday for Ossiam Us Steepener
(Updated on Jun 28, 2024)
The Ossiam Us Steepener ETF price gained 0.486% on the last trading day (Friday, 28th Jun 2024), rising from 115.30€ to 115.86€. During the last trading day the ETF fluctuated 0.368% from a day low at 115.43€ to a day high of 115.86€. The price has fallen in 6 of the last 10 days but is still up by 0.7% over the past 2 weeks. Volume fell on the last day by -1 shares and in total, 19 shares were bought and sold for approximately 2.20€ thousand. 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.
Given the current horizontal trend, you can expect Ossiam Us Steepener ETF with a 90% probability to be traded between 112.11€ and 115.02€ 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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USTP.F Signals & Forecast
The Ossiam Us Steepener ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 115.26€ and 114.28€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 27, 2024, and so far it has risen 2.30%. 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 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.
Golden Star
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 115.40€ 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 0.425€ between high and low, or 0.368%. For the last week the ETF has had daily average volatility of 0.335%
Our recommended stop-loss: 111.37€ (-3.87%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 52 days ago.)
Trading Expectations (USTP.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ossiam Us Steepener to open at 115.71€, and during the day (based on 14 day Average True Range), to move between 115.31€ and 116.40€, which gives a possible trading interval of +/-0.549€ (+/-0.47%) up or down from last closing price. If Ossiam Us Steepener takes out the full calculated possible swing range there will be an estimated 0.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 116.05€ (0.17%) than the support at 115.40€ (0.40%), 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.
Current score: 0.511 Hold/Accumulate Unchanged
Predicted Opening Price for Ossiam Us Steepener of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 115.71€ ( 0.122%) | 115.86€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USTP.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 116.14 | 0.245% |
| R2 | 115.98 | 0.104% |
| R1 | 115.88 | 0.0179% |
| Price | 115.86 | |
| S1 | 115.55 | -0.262% |
| S2 | 115.45 | -0.349% |
| S3 | 115.29 | -0.489% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 116.17 | 0.272% |
| R2 | 116.15 | 0.255% |
| R1 | 116.05 | 0.168% |
| Price | 115.86 | |
| S1 | 115.40 | -0.397% |
| S2 | 114.90 | -0.83% |
| S3 | 113.98 | -1.62% |
FAQ
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