WisdomTree U.S. SmallCap Quality ETF Forecast

WisdomTree U.S. SmallCap Quality ETF downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)

DGRS Signals & Forecast

There are mixed signals in the ETF today. The WisdomTree U.S. SmallCap Quality ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $47.90. On a fall, the ETF will find some support from the short-term average at $47.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.71%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for WisdomTree U.S. SmallCap Quality ETF

WisdomTree U.S. SmallCap Quality finds support from accumulated volume at $47.21 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 $0.340 between high and low, or 0.717%. For the last week the ETF has had daily average volatility of 1.11%.

Our recommended stop-loss: $45.13 (-5.04%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (DGRS) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect WisdomTree U.S. SmallCap Quality Dividend Growth Fund to open at $47.55, and during the day (based on 14 day Average True Range), to move between $46.87 and $48.17, which gives a possible trading interval of +/-$0.650 (+/-1.37%) up or down from last closing price. If WisdomTree U.S. SmallCap Quality Dividend Growth Fund takes out the full calculated possible swing range there will be an estimated 2.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $47.57 (0.11%) than the support at $47.21 (0.65%), 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 U.S. SmallCap Quality Dividend Growth Fund ETF A Buy?

WisdomTree U.S. SmallCap Quality 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: 0.097 Hold/Accumulate Downgraded

Predicted Opening Price for WisdomTree U.S. SmallCap Quality Dividend Growth Fund of Monday, April 29, 2024

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