WisdomTree China ex-State-Owned ETF Forecast
WisdomTree China ex-State-Owned ETF upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The WisdomTree China ex-State-Owned ETF price gained 0.84% on the last trading day (Thursday, 28th Mar 2024), rising from $26.16 to $26.38. During the last trading day the ETF fluctuated 0.575% from a day low at $26.35 to a day high of $26.50. The price has been going up and down for this period, and there has been a -1.79% loss for the last 2 weeks. Volume fell on the last day by -227 thousand shares and in total, 16 thousand shares were bought and sold for approximately $414.09 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.70% during the next 3 months and, with a 90% probability hold a price between $24.86 and $28.66 at the end of this 3-month period.
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CXSE Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -3.93%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Some positive signals were issued as well, and these may have some influence on the near short-term development. The WisdomTree China ex-State-Owned ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $26.50. On a fall, the ETF will find some support from the long-term average at approximately $26.15. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for WisdomTree China ex-State-Owned ETF
WisdomTree China ex-State-Owned finds support from accumulated volume at $26.20 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved $0.152 between high and low, or 0.575%. For the last week the ETF has had daily average volatility of 0.474%.
Our recommended stop-loss: $25.29 (-4.15%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (CXSE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect WisdomTree China ex-State-Owned Enterprises Fund to open at $26.41, and during the day (based on 14 day Average True Range), to move between $25.97 and $26.79, which gives a possible trading interval of +/-$0.407 (+/-1.54%) up or down from last closing price. If WisdomTree China ex-State-Owned Enterprises Fund takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.20 (0.68%) than the resistance at $26.64 (0.99%), 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 China ex-State-Owned Enterprises Fund ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.516 Buy Candidate Upgraded
Predicted Opening Price for WisdomTree China ex-State-Owned Enterprises Fund of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$26.41 ( 0.116%) | $26.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CXSE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.56 | 0.690 % | |
R2 | 26.50 | 0.471 % | ||
R1 | 26.47 | 0.335 % | ||
Current price: | 26.38 | |||
Support | S1 | 26.35 | -0.104 % | |
S2 | 26.32 | -0.239 % | ||
S3 | 26.26 | -0.459 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.02 | 6.22 % | |
R2 | 27.17 | 2.99 % | ||
R1 | 26.64 | 0.99 % | ||
Current price | 26.38 | |||
Support | S1 | 26.20 | -0.682% | |
S2 | 26.16 | -0.83% | ||
S3 | 26.12 | -0.99% |
CXSE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 21, 2023 | Dec 22, 2023 | Dec 28, 2023 | $0.125 | 0.450% |
2 | Sep 22, 2023 | Sep 25, 2023 | Sep 28, 2023 | $0.105 | 0.357% |
3 | Jun 23, 2023 | Jun 26, 2023 | Jun 29, 2023 | $0.250 | 0.83% |
4 | May 10, 2023 | Dec 23, 2022 | Dec 12, 2022 | $0.0420 | 0.119% |
5 | Sep 23, 2022 | Sep 26, 2022 | Sep 29, 2022 | $0.110 | 0.344% |
FAQ
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