WISDOMTREE U.S. SMALLCAP DIVIDEND FUND ETF Forecast
WISDOMTREE U.S. SMALLCAP DIVIDEND FUND ETF price down 0.130% on Wednesday
(Updated on Jun 26, 2024)
The WISDOMTREE U.S. SMALLCAP DIVIDEND FUND ETF price fell by -0.130% on the last day (Wednesday, 26th Jun 2024) from $30.69 to $30.65. During the last trading day the ETF fluctuated 0.675% from a day low at $30.47 to a day high of $30.68. The price has been going up and down for this period, and there has been a -0.33% loss for the last 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 85 thousand shares were bought and sold for approximately $2.60 million.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.17% during the next 3 months and, with a 90% probability hold a price between $29.14 and $31.51 at the end of this 3-month period.
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DES Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.558%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The WISDOMTREE U.S. SMALLCAP DIVIDEND FUND 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 $30.79 and $31.49. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
A buy signal from a double bottom formation was found on Friday, June 14, 2024 and based on theory for this formation the price should go up by 12.04% to $34.34 within 41 trading days since signal was issued (Wednesday, August 14, 2024).
Support, Risk & Stop-loss for WISDOMTREE U.S. SMALLCAP DIVIDEND FUND ETF
WISDOMTREE U.S. SMALLCAP DIVIDEND FUND finds support from accumulated volume at $30.51 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 $0.206 between high and low, or 0.675%. For the last week the ETF has had daily average volatility of 0.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DES) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect WISDOMTREE U.S. SMALLCAP DIVIDEND FUND N/A to open at $30.60, and during the day (based on 14 day Average True Range), to move between $30.25 and $31.05, which gives a possible trading interval of +/-$0.397 (+/-1.30%) up or down from last closing price. If WISDOMTREE U.S. SMALLCAP DIVIDEND FUND N/A takes out the full calculated possible swing range there will be an estimated 2.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.51 (0.46%) than the resistance at $31.05 (1.31%), 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 U.S. SMALLCAP DIVIDEND FUND N/A ETF A Buy?
WISDOMTREE U.S. SMALLCAP DIVIDEND FUND holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.937 Sell Candidate Unchanged
Predicted Opening Price for WISDOMTREE U.S. SMALLCAP DIVIDEND FUND N/A of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $30.60 ( 0.158%) | $30.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DES
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.81 | 0.514% |
| R2 | 30.73 | 0.257% |
| R1 | 30.68 | 0.0986% |
| Price | 30.65 | |
| S1 | 30.52 | -0.414% |
| S2 | 30.47 | -0.573% |
| S3 | 30.40 | -0.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.21 | 5.09% |
| R2 | 31.77 | 3.65% |
| R1 | 31.05 | 1.31% |
| Price | 30.65 | |
| S1 | 30.51 | -0.457% |
| S2 | 30.48 | -0.555% |
| S3 | 30.34 | -1.01% |
DES Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 29, 2024 | $0.0800 | 0.255% |
| 2 | Dec 26, 2023 | Mar 22, 2024 | Mar 27, 2024 | $0.0650 | 0.200% |
| 3 | Dec 26, 2023 | Feb 23, 2024 | Feb 28, 2024 | $0.0550 | 0.177% |
| 4 | Dec 26, 2023 | Jan 25, 2024 | Jan 30, 2024 | $0.0150 | 0.0473% |
| 5 | Dec 27, 2023 | Dec 28, 2023 | Jan 03, 2024 | $0.0171 | 0.0545% |
FAQ
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