WISDOMTREE U.S. MIDCAP DIVIDEND FUND N/A ETF Forecast
WISDOMTREE U.S. MIDCAP DIVIDEND FUND N/A ETF price ended at $46.68 on Tuesday, after losing 1.50%.
(Updated on Jun 25, 2024)
The WISDOMTREE U.S. MIDCAP DIVIDEND FUND N/A ETF price fell by -1.50% on the last day (Tuesday, 25th Jun 2024) from $47.39 to $46.68. During the last trading day the ETF fluctuated 1.33% from a day low at $46.59 to a day high of $47.21. The price has been going up and down for this period, and there has been a -0.68% loss for the last 2 weeks. Volume has increased on the last day by 66 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, 156 thousand shares were bought and sold for approximately $7.27 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect WISDOMTREE U.S. MIDCAP DIVIDEND FUND N/A ETF with a 90% probability to be traded between $45.18 and $48.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DON Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.89%. 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. MIDCAP DIVIDEND FUND N/A 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 $46.81 and $47.57. 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.
Support, Risk & Stop-loss for WISDOMTREE U.S. MIDCAP DIVIDEND FUND N/A ETF
WISDOMTREE U.S. MIDCAP DIVIDEND FUND N/A finds support from accumulated volume at $45.75 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 $0.618 between high and low, or 1.33%. For the last week the ETF has had daily average volatility of 0.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DON) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect WISDOMTREE U.S. MIDCAP DIVIDEND FUND N/A to open at $46.83, and during the day (based on 14 day Average True Range), to move between $46.14 and $47.22, which gives a possible trading interval of +/-$0.535 (+/-1.15%) up or down from last closing price. If WISDOMTREE U.S. MIDCAP DIVIDEND FUND N/A takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $47.52 (1.80%) than the support at $45.75 (1.99%), 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. MIDCAP DIVIDEND FUND N/A ETF A Buy?
WISDOMTREE U.S. MIDCAP DIVIDEND FUND N/A 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: -2.446 Sell Candidate Unchanged
Predicted Opening Price for WISDOMTREE U.S. MIDCAP DIVIDEND FUND N/A of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $46.83 ( 0.315%) | $46.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DON
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.45 | 1.64% |
| R2 | 47.21 | 1.13% |
| R1 | 47.06 | 0.82% |
| Price | 46.68 | |
| S1 | 46.59 | -0.191% |
| S2 | 46.44 | -0.504% |
| S3 | 46.21 | -1.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48.11 | 3.06% |
| R2 | 47.55 | 1.86% |
| R1 | 47.52 | 1.80% |
| Price | 46.68 | |
| S1 | 45.75 | -1.99% |
| S2 | 45.65 | -2.21% |
| S3 | 45.60 | -2.31% |
DON Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 29, 2024 | $0.0550 | 0.117% |
| 2 | Dec 26, 2023 | Mar 22, 2024 | Mar 27, 2024 | $0.170 | 0.351% |
| 3 | Dec 26, 2023 | Feb 23, 2024 | Feb 28, 2024 | $0.0600 | 0.131% |
| 4 | Dec 26, 2023 | Jan 25, 2024 | Jan 30, 2024 | $0.0200 | 0.0438% |
| 5 | Dec 20, 2022 | Dec 28, 2023 | Dec 28, 2023 | $0.0200 | 0.0435% |
FAQ
Click here for our free guide on how to buy WISDOMTREE U.S. MIDCAP DIVIDEND FUND N/A ETF.
