WisdomTree U.S. Total Dividend Fund ETF Forecast
Evaluation of WisdomTree U.S. Total Dividend Fund ETF downgraded after the last trading session.
(Updated on May 17, 2024)
The WisdomTree U.S. Total Dividend Fund ETF price gained 0.168% on the last trading day (Friday, 17th May 2024), rising from $70.83 to $70.95. It has now gained 4 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 0.283% from a day low at $70.79 to a day high of $70.99. The price has risen in 9 of the last 10 days and is up by 3.69% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 12 thousand shares were bought and sold for approximately $832.60 thousand. 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 ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $71.34 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect WisdomTree U.S. Total Dividend Fund ETF with a 90% probability to be traded between $68.52 and $72.46 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.
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DTD Signals & Forecast
The WisdomTree U.S. Total Dividend Fund 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 $70.35 and $68.94. 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 5.79%. 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. Total Dividend Fund ETF
WisdomTree U.S. Total Dividend Fund finds support from accumulated volume at $69.06 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 $0.200 between high and low, or 0.283%. For the last week the ETF has had daily average volatility of 0.451%
Our recommended stop-loss: $67.55 (-4.79%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (DTD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect WisdomTree U.S. Total Dividend Fund to open at $70.91, and during the day (based on 14 day Average True Range), to move between $70.45 and $71.45, which gives a possible trading interval of +/-$0.499 (+/-0.70%) up or down from last closing price. If WisdomTree U.S. Total Dividend Fund takes out the full calculated possible swing range there will be an estimated 1.41% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $69.06, some $1.89 (2.66%) from the current price of $70.95, our system finds the risk reward attractive.
Is WisdomTree U.S. Total Dividend Fund ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for WisdomTree U.S. Total Dividend Fund ETF to perform well in the short-term period. 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 Buy candidate.
Current score: 3.394 Buy Candidate Downgraded
Predicted Opening Price for WisdomTree U.S. Total Dividend Fund of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$70.91 ( 0.0564%) | $70.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DTD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 71.11 | 0.226 % | |
R2 | 71.03 | 0.118 % | ||
R1 | 70.99 | 0.0513 % | ||
Current price: | 70.95 | |||
Support | S1 | 70.83 | -0.164 % | |
S2 | 70.79 | -0.231 % | ||
S3 | 70.71 | -0.338 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 70.95 | |||
Support | S1 | 69.06 | -2.66% | |
S2 | 68.77 | -3.07% | ||
S3 | 68.31 | -3.72% |
DTD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 24, 2024 | Apr 24, 2024 | Apr 29, 2024 | $0.110 | 0.160% |
2 | Dec 26, 2023 | Mar 22, 2024 | Mar 27, 2024 | $0.180 | 0.255% |
3 | Dec 26, 2023 | Feb 23, 2024 | Feb 28, 2024 | $0.100 | 0.148% |
4 | Dec 26, 2023 | Jan 25, 2024 | Jan 30, 2024 | $0.0450 | 0.0675% |
5 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.250 | 0.384% |
FAQ
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