Wisdomtree At1 Coco Bond Ucits Etf - 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
Red day on Thursday for Wisdomtree At1 Coco Bond Ucits Etf - Eur ETF after losing 0.0475%
(Updated on Jul 04, 2024)
The Wisdomtree At1 Coco Bond Ucits Etf - Eur ETF price fell by -0.0475% on the last day (Thursday, 4th Jul 2024) from 84.29€ to 84.25€. During the last trading day the ETF fluctuated 0.378% from a day low at 84.19€ to a day high of 84.51€. The price has risen in 6 of the last 10 days and is up by 1.01% over the past 2 weeks. Volume has increased on the last day by 613 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, 635 shares were bought and sold for approximately 53.50€ thousand.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 84.32€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.59% during the next 3 months and, with a 90% probability hold a price between 84.85€ and 86.51€ at the end of this 3-month period.
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WTEB.F Signals & Forecast
The Wisdomtree At1 Coco Bond Ucits Etf - Eur 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 83.88€ and 83.62€. A breakdown below any of these levels will issue sell signals. 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 Wednesday, July 03, 2024, and so far it has fallen -0.0475%. Further fall is indicated until a new bottom pivot has been found. Wisdomtree At1 Coco Bond Ucits Etf - 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. The ETF had a Golden Star Signal on Wednesday, July 19, 2023 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 Wednesday, July 19, 2023 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 At1 Coco Bond Ucits Etf - Eur ETF
Wisdomtree At1 Coco Bond Ucits Etf - Eur finds support from accumulated volume at 83.72€ 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 0.318€ between high and low, or 0.378%. For the last week the ETF has had daily average volatility of 0.397%.
The Wisdomtree At1 Coco Bond Ucits Etf - Eur ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: 82.40€ (-2.19%) (This ETF has low daily movements and this gives low risk. The RSI14 is 92 and this increases the risk substantially. There is a sell signal from a pivot top found 56 days ago.)
Trading Expectations (WTEB.F) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Wisdomtree At1 Coco Bond Ucits Etf - Eur Hedged to open at 84.32€, and during the day (based on 14 day Average True Range), to move between 83.82€ and 84.67€, which gives a possible trading interval of +/-0.428€ (+/-0.51%) up or down from last closing price. If Wisdomtree At1 Coco Bond Ucits Etf - Eur Hedged takes out the full calculated possible swing range there will be an estimated 1.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 84.29€ (0.05%) than the support at 83.72€ (0.63%), 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 At1 Coco Bond Ucits Etf - Eur Hedged ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Wisdomtree At1 Coco Bond Ucits Etf - Eur ETF to perform well in the short-term.
Current score: 1.733 Buy Candidate Unchanged
Predicted Opening Price for Wisdomtree At1 Coco Bond Ucits Etf - Eur Hedged of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| 84.32€ ( 0.0831%) | 84.25€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTEB.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 84.63 | 0.461% |
| R2 | 84.51 | 0.316% |
| R1 | 84.44 | 0.227% |
| Price | 84.25 | |
| S1 | 84.19 | -0.0611% |
| S2 | 84.12 | -0.150% |
| S3 | 84.00 | -0.294% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 84.29 | 0.0475% |
| Price | 84.25 | |
| S1 | 83.72 | -0.629% |
| S2 | 83.61 | -0.755% |
| S3 | 83.53 | -0.85% |
FAQ
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