WISDOMTREE JAPAN SMALLCAP DIVIDEND FUND ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for WISDOMTREE JAPAN SMALLCAP DIVIDEND FUND ETF price after Friday trading.
(Updated on Jun 28, 2024)
The WISDOMTREE JAPAN SMALLCAP DIVIDEND FUND ETF price gained 0.260% on the last trading day (Friday, 28th Jun 2024), rising from $74.93 to $75.12. During the last trading day the ETF fluctuated 0.708% from a day low at $74.81 to a day high of $75.34. The price has risen in 6 of the last 10 days and is up by 1.93% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately $983.62 thousand.
The ETF lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $75.58 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -2.11% during the next 3 months and, with a 90% probability hold a price between $71.14 and $73.99 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DFJ Signals & Forecast
The WISDOMTREE JAPAN SMALLCAP DIVIDEND FUND 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 $74.46 and $74.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 1.93%. 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 JAPAN SMALLCAP DIVIDEND FUND 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.
A buy signal from a double bottom formation was found on Thursday, June 13, 2024 and based on theory for this formation the price should go up by 1.81% to $76.48 within 11 trading days since signal was issued (Monday, July 01, 2024).
Support, Risk & Stop-loss for WISDOMTREE JAPAN SMALLCAP DIVIDEND FUND ETF
WISDOMTREE JAPAN SMALLCAP DIVIDEND FUND finds support from accumulated volume at $74.51 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 $0.530 between high and low, or 0.708%. For the last week the ETF has had daily average volatility of 0.384%.
Our recommended stop-loss: $70.76 (-5.80%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (DFJ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect WISDOMTREE JAPAN SMALLCAP DIVIDEND FUND N/A to open at $75.09, and during the day (based on 14 day Average True Range), to move between $74.43 and $75.81, which gives a possible trading interval of +/-$0.693 (+/-0.92%) up or down from last closing price. If WISDOMTREE JAPAN SMALLCAP DIVIDEND FUND N/A takes out the full calculated possible swing range there will be an estimated 1.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $75.65 (0.71%) than the support at $74.51 (0.81%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is WISDOMTREE JAPAN SMALLCAP DIVIDEND FUND N/A ETF A Buy?
WISDOMTREE JAPAN SMALLCAP DIVIDEND FUND 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.925 Hold/Accumulate Upgraded
Predicted Opening Price for WISDOMTREE JAPAN SMALLCAP DIVIDEND FUND N/A of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $75.09 ( 0.0399%) | $75.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFJ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 75.62 | 0.665% |
| R2 | 75.42 | 0.396% |
| R1 | 75.29 | 0.229% |
| Price | 75.12 | |
| S1 | 74.89 | -0.309% |
| S2 | 74.76 | -0.476% |
| S3 | 74.56 | -0.745% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 76.13 | 1.34% |
| R2 | 75.94 | 1.09% |
| R1 | 75.65 | 0.706% |
| Price | 75.12 | |
| S1 | 74.51 | -0.81% |
| S2 | 74.47 | -0.87% |
| S3 | 74.35 | -1.03% |
DFJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Mar 22, 2024 | Mar 27, 2024 | $0.615 | 0.788% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0460 | 0.0617% |
| 3 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.530 | 0.720% |
| 4 | Dec 09, 2022 | Jun 26, 2023 | Jun 29, 2023 | $0.461 | 0.697% |
| 5 | Dec 09, 2022 | Mar 27, 2023 | Mar 30, 2023 | $0.785 | 1.18% |
FAQ
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