Wisdomtree Emerging Markets Equity ETF Forecast

Wisdomtree Emerging Markets Equity ETF downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)

DEM.L Signals & Forecast

The Wisdomtree Emerging Markets Equity 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 £1,230.66. On a fall, the ETF will find some support from the long-term average at approximately £1,216.74. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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, June 21, 2024, and so far it has fallen -0.96%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Thursday, July 20, 2023 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.

Buy

Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Thursday, July 20, 2023 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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Friday, June 21, 2024 and based on theory for this formation the price should fall by -9.28% to £1,116.36 within 23 trading days since signal was issued (Wednesday, July 24, 2024).

Support, Risk & Stop-loss for Wisdomtree Emerging Markets Equity ETF

Wisdomtree Emerging Markets Equity finds support from accumulated volume at £1,229.00 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 £19.50 between high and low, or 1.60%. For the last week the ETF has had daily average volatility of 0.97%.

Our recommended stop-loss: £1,185.50 (-3.66%) (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 (DEM.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Wisdomtree Emerging Markets Equity Income Ucits Etf to open at £1,229.33, and during the day (based on 14 day Average True Range), to move between £1,216.82 and £1,244.18, which gives a possible trading interval of +/-£13.68 (+/-1.11%) up or down from last closing price. If Wisdomtree Emerging Markets Equity Income Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £1,229.00 (0.12%) than the resistance at £1,232.75 (0.18%), 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 Emerging Markets Equity Income Ucits Etf ETF A Buy?

Wisdomtree Emerging Markets Equity 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: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Wisdomtree Emerging Markets Equity Income Ucits Etf of Monday, July 1, 2024

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