Wisdomtree Precious Metals ETF Forecast

Red day on Tuesday for Wisdomtree Precious Metals ETF after losing 0.574%
(Updated on Jun 25, 2024)

AIGP.L Signals & Forecast

There are few to no technical positive signals at the moment. The Wisdomtree Precious 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 $26.19 and $26.38. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -6.03%. 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 Precious Metals 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.

Support, Risk & Stop-loss for Wisdomtree Precious Metals ETF

Wisdomtree Precious Metals finds support from accumulated volume at $25.95 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 $0.205 between high and low, or 0.789%. For the last week the ETF has had daily average volatility of 0.175%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AIGP.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Wisdomtree Precious Metals to open at $26.06, and during the day (based on 14 day Average True Range), to move between $25.71 and $26.28, which gives a possible trading interval of +/-$0.285 (+/-1.09%) up or down from last closing price. If Wisdomtree Precious Metals takes out the full calculated possible swing range there will be an estimated 2.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.95 (0.16%) than the resistance at $26.23 (0.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Wisdomtree Precious Metals ETF A Buy?

The Wisdomtree Precious Metals ETF holds several negative signals and despite the positive trend, we believe Wisdomtree Precious Metals will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -1.367 Sell Candidate Unchanged

Predicted Opening Price for Wisdomtree Precious Metals of Wednesday, June 26, 2024

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