WisdomTree Barclays U.S. Aggregate Bond ETF Forecast

WisdomTree Barclays U.S. Aggregate Bond ETF downgraded to Hold/Accumulate
(Updated on May 07, 2024)

AGZD Signals & Forecast

The WisdomTree Barclays U.S. Aggregate Bond ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.16 and $22.16. A breakdown below any of these levels will issue sell signals. 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, April 12, 2024, and so far it has fallen -0.225%. 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). WisdomTree Barclays U.S. Aggregate Bond 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 ETF had a Golden Star Signal on Wednesday, March 13, 2024 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 Barclays U.S. Aggregate Bond ETF

WisdomTree Barclays U.S. Aggregate Bond finds support from accumulated volume at $22.16 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 $0.0560 between high and low, or 0.253%. For the last week the ETF has had daily average volatility of 0.558%.

Our recommended stop-loss: $21.15 (-4.61%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (AGZD) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund to open at $22.18, and during the day (based on 14 day Average True Range), to move between $22.05 and $22.29, which gives a possible trading interval of +/-$0.123 (+/-0.55%) up or down from last closing price. If WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund takes out the full calculated possible swing range there will be an estimated 1.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.18 (0.05%) than the support at $22.16 (0.05%), 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 Barclays U.S. Aggregate Bond Zero Duration Fund ETF A Buy?

WisdomTree Barclays U.S. Aggregate Bond holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.327 Hold/Accumulate Downgraded

Predicted Opening Price for WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund of Wednesday, May 8, 2024

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