Wisdomtree Precious Metals ETF Forecast

Weaker technical forecast for Wisdomtree Precious Metals as ETF downgraded to Hold/Accumulate.
(Updated on Jul 03, 2024)

AIGP.L Signals & Forecast

The Wisdomtree Precious Metals 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 $26.08 and $26.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 3.62%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Wisdomtree Precious Metals 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. Higher liquidity also reduces the general risk. The ETF had a Golden Star Signal on Wednesday, June 19, 2024 in the short-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 Precious Metals ETF

Wisdomtree Precious Metals finds support from accumulated volume at $26.66 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 $0.305 between high and low, or 1.16%. For the last week the ETF has had daily average volatility of 1.05%.

Our recommended stop-loss: $25.30 (-5.13%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (AIGP.L) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect Wisdomtree Precious Metals to open at $26.57, and during the day (based on 14 day Average True Range), to move between $26.37 and $26.97, which gives a possible trading interval of +/-$0.298 (+/-1.12%) up or down from last closing price. If Wisdomtree Precious Metals takes out the full calculated possible swing range there will be an estimated 2.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.66 (0.03%) than the resistance at $26.71 (0.14%), 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?

Wisdomtree Precious Metals 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. 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: 0.977 Hold/Accumulate Downgraded

Predicted Opening Price for Wisdomtree Precious Metals of Thursday, July 4, 2024

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