WisdomTree Yield Enhanced U.S. Aggregate ETF Forecast
Evaluation of WisdomTree Yield Enhanced U.S. Aggregate ETF downgraded after the last trading session.
(Updated on Apr 24, 2024)
The WisdomTree Yield Enhanced U.S. Aggregate ETF price fell by -0.565% on the last day (Wednesday, 24th Apr 2024) from $42.45 to $42.21. During the last trading day the ETF fluctuated 0.232% from a day low at $42.14 to a day high of $42.24. The price has been going up and down for this period, and there has been a -0.89% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -42 thousand shares and in total, 49 thousand shares were bought and sold for approximately $2.05 million.
The ETF has broken the narrow and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($42.32) are considered to be a "second chance" to get out. According to the fan-theory $41.56 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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AGGY Signals & Forecast
There are few to no technical positive signals at the moment. The WisdomTree Yield Enhanced U.S. Aggregate 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 $42.34 and $42.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -3.21%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for WisdomTree Yield Enhanced U.S. Aggregate ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $0.0977 between high and low, or 0.232%. For the last week the ETF has had daily average volatility of 0.293%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AGGY) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect WisdomTree Yield Enhanced U.S. Aggregate Bond Fund to open at $42.20, and during the day (based on 14 day Average True Range), to move between $42.02 and $42.40, which gives a possible trading interval of +/-$0.190 (+/-0.45%) up or down from last closing price. If WisdomTree Yield Enhanced U.S. Aggregate Bond Fund takes out the full calculated possible swing range there will be an estimated 0.90% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $43.07, some $0.86 (2.04%) from the current price of $42.21, our system finds the risk reward not very attractive.
Is WisdomTree Yield Enhanced U.S. Aggregate Bond Fund ETF A Buy?
WisdomTree Yield Enhanced U.S. Aggregate 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: -2.384 Sell Candidate Downgraded
Predicted Opening Price for WisdomTree Yield Enhanced U.S. Aggregate Bond Fund of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $42.20 ( 0.0298%) | $42.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.30 | 0.202 % | |
| R2 | 42.26 | 0.113 % | ||
| R1 | 42.23 | 0.0586 % | ||
| Current price: | 42.21 | |||
| Support | S1 | 42.16 | -0.118 % | |
| S2 | 42.14 | -0.173 % | ||
| S3 | 42.10 | -0.261 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.52 | 3.10 % | |
| R2 | 43.42 | 2.87 % | ||
| R1 | 43.07 | 2.04 % | ||
| Current price | 42.21 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
AGGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Mar 22, 2024 | Mar 27, 2024 | $0.150 | 0.346% |
| 2 | Dec 26, 2023 | Feb 23, 2024 | Feb 28, 2024 | $0.150 | 0.349% |
| 3 | Dec 26, 2023 | Jan 25, 2024 | Jan 30, 2024 | $0.150 | 0.343% |
| 4 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.190 | 0.434% |
| 5 | Dec 09, 2022 | Nov 24, 2023 | Nov 29, 2023 | $0.150 | 0.351% |
FAQ
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