WisdomTree Emerging Markets SmallCap ETF Forecast
Weaker technical forecast for WisdomTree Emerging Markets SmallCap as ETF downgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The WisdomTree Emerging Markets SmallCap ETF price gained 0.675% on the last trading day (Friday, 3rd May 2024), rising from $51.89 to $52.24. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.480% from a day low at $52.04 to a day high of $52.29. The price has risen in 8 of the last 10 days and is up by 4.86% over the past 2 weeks. Volume fell on the last day by -49 thousand shares and in total, 485 thousand shares were bought and sold for approximately $25.32 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the upper part of a narrow and weak rising 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 $52.41 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 3.79% during the next 3 months and, with a 90% probability hold a price between $51.81 and $54.39 at the end of this 3-month period.
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DGS Signals & Forecast
The WisdomTree Emerging Markets SmallCap ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $51.19 and $50.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.49%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for WisdomTree Emerging Markets SmallCap ETF
WisdomTree Emerging Markets SmallCap finds support from accumulated volume at $51.12 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 $0.250 between high and low, or 0.480%. For the last week the ETF has had daily average volatility of 0.763%.
Our recommended stop-loss: $49.98 (-4.33%) (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 (DGS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect WisdomTree Emerging Markets SmallCap Dividend Fund to open at $52.19, and during the day (based on 14 day Average True Range), to move between $51.74 and $52.74, which gives a possible trading interval of +/-$0.502 (+/-0.96%) up or down from last closing price. If WisdomTree Emerging Markets SmallCap Dividend Fund takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $51.12, some $1.12 (2.14%) from the current price of $52.24, our system finds the risk reward attractive.
Is WisdomTree Emerging Markets SmallCap Dividend Fund ETF A Buy?
WisdomTree Emerging Markets SmallCap 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 Strong 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 SmallCap Dividend Fund of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$52.19 ( 0.0957%) | $52.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DGS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 52.44 | 0.383 % | |
R2 | 52.34 | 0.200 % | ||
R1 | 52.29 | 0.0871 % | ||
Current price: | 52.24 | |||
Support | S1 | 52.09 | -0.279 % | |
S2 | 52.04 | -0.391 % | ||
S3 | 51.94 | -0.574 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 52.24 | |||
Support | S1 | 51.12 | -2.14% | |
S2 | 49.86 | -4.56% | ||
S3 | 49.07 | -6.07% |
DGS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Mar 22, 2024 | Mar 27, 2024 | $0.0500 | 0.0982% |
2 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.455 | 0.93% |
3 | Sep 25, 2023 | Sep 25, 2023 | Sep 25, 2023 | $0.780 | 1.67% |
4 | Dec 09, 2022 | Jun 26, 2023 | Jun 29, 2023 | $0.92 | 2.00% |
5 | Dec 09, 2022 | Mar 27, 2023 | Mar 30, 2023 | $0.115 | 0.251% |
FAQ
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