WisdomTree U.S. SmallCap Quality ETF Forecast

Weaker technical forecast for WisdomTree U.S. SmallCap Quality as ETF downgraded to Hold/Accumulate.
(Updated on May 06, 2024)

DGRS Signals & Forecast

The WisdomTree U.S. SmallCap Quality 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 $47.42 and $47.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.35%. 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. 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.

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

WisdomTree U.S. SmallCap Quality finds support from accumulated volume at $47.66 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 therefore the general risk is considered very 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 $0.279 between high and low, or 0.581%. For the last week the ETF has had daily average volatility of 1.16%

Our recommended stop-loss: $46.06 (-4.59%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (DGRS) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect WisdomTree U.S. SmallCap Quality Dividend Growth Fund to open at $48.21, and during the day (based on 14 day Average True Range), to move between $47.61 and $48.95, which gives a possible trading interval of +/-$0.671 (+/-1.39%) 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 2.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $48.29 (0.02%) than the support at $47.66 (1.28%), 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: 0.653 Hold/Accumulate Downgraded

Predicted Opening Price for WisdomTree U.S. SmallCap Quality Dividend Growth Fund of Tuesday, May 7, 2024

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