Wisdomtree Industrial Metals ETF Forecast
Red day on Tuesday for Wisdomtree Industrial Metals
(Updated on Jun 25, 2024)
The Wisdomtree Industrial Metals ETF price fell by -0.530% on the last day (Tuesday, 25th Jun 2024) from $15.58 to $15.49. During the last trading day the ETF fluctuated 0.614% from a day low at $15.48 to a day high of $15.58. The price has fallen in 5 of the last 10 days and is down by -2.56% for this period. 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 -21 thousand shares and in total, 20 thousand shares were bought and sold for approximately $307.37 thousand.
The ETF has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $15.57. A reaction back to this level may hold a second chance to get out before further falls.
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AIGI.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.0646%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wisdomtree Industrial Metals 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 $15.58 and $16.35. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Wisdomtree Industrial Metals ETF
Wisdomtree Industrial Metals finds support from accumulated volume at $15.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.0950 between high and low, or 0.614%. For the last week the ETF has had daily average volatility of 0.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AIGI.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Wisdomtree Industrial Metals to open at $15.52, and during the day (based on 14 day Average True Range), to move between $15.22 and $15.77, which gives a possible trading interval of +/-$0.275 (+/-1.78%) up or down from last closing price. If Wisdomtree Industrial Metals takes out the full calculated possible swing range there will be an estimated 3.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.54 (0.27%) than the support at $15.24 (1.63%), 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 Industrial Metals ETF A Buy?
The Wisdomtree Industrial Metals ETF holds several negative signals and despite the positive trend, we believe Wisdomtree Industrial Metals will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.119 Sell Candidate Unchanged
Predicted Opening Price for Wisdomtree Industrial Metals of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$15.52 ( 0.151%) | $15.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIGI.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.61 | 0.764% |
R2 | 15.57 | 0.530% |
R1 | 15.55 | 0.385% |
Price | 15.49 | |
S1 | 15.48 | -0.0836% |
S2 | 15.46 | -0.228% |
S3 | 15.42 | -0.463% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.01 | 9.80% |
R2 | 16.56 | 6.89% |
R1 | 15.54 | 0.274% |
Price | 15.49 | |
S1 | 15.24 | -1.63% |
S2 | 15.10 | -2.53% |
S3 | 14.89 | -3.89% |
FAQ
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