US Trsy Long Bond Bear ETN Ipath ETF Forecast

US Trsy Long Bond Bear ETN Ipath ETF price ended at $9.94 on Friday, after gaining 4.08%.
(Updated on Jan 17, 2020)

DLBS Signals & Forecast

There are mixed signals in the ETF today. The US Trsy Long Bond Bear ETN Ipath ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $13.52. On a fall, the ETF will find some support from the short-term average at $9.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. 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). US Trsy Long Bond Bear ETN Ipath has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for US Trsy Long Bond Bear ETN Ipath ETF

US Trsy Long Bond Bear ETN Ipath finds support from accumulated volume at $9.78 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 $0.330 between high and low, or 3.32%. For the last week the ETF has had daily average volatility of 2.31%.

Our recommended stop-loss: $0.500 (-5.00%) (Unable to calculate.)

Trading Expectations (DLBS) For The Upcoming Trading Day Of Tuesday 21st

Since the stock is closer to the resistance from accumulated volume at $9.98 (0.40%) than the support at $9.78 (1.65%), 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 US Trsy Long Bond Bear ETN Ipath ETF A Buy?

US Trsy Long Bond Bear ETN Ipath 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for US Trsy Long Bond Bear ETN Ipath of Tuesday, January 21, 2020

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