WISDOMTREE INTERNATIONAL EQUITY FUND N/A ETF Forecast
WISDOMTREE INTERNATIONAL EQUITY FUND N/A ETF downgraded to Hold/Accumulate
(Updated on Jun 25, 2024)
The WISDOMTREE INTERNATIONAL EQUITY FUND N/A ETF price fell by -1.78% on the last day (Tuesday, 25th Jun 2024) from $55.03 to $54.05. During the last trading day the ETF fluctuated 0.418% from a day low at $53.83 to a day high of $54.06. The price has been going up and down for this period, and there has been a -2.93% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -25 thousand shares and in total, 12 thousand shares were bought and sold for approximately $637.47 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $53.87 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 3.11% during the next 3 months and, with a 90% probability hold a price between $55.55 and $58.97 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DWM Signals & Forecast
There are few to no technical positive signals at the moment. The WISDOMTREE INTERNATIONAL EQUITY 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 $54.53 and $55.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -4.23%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for WISDOMTREE INTERNATIONAL EQUITY FUND N/A ETF
WISDOMTREE INTERNATIONAL EQUITY FUND N/A finds support from accumulated volume at $53.24 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 $0.225 between high and low, or 0.418%. For the last week the ETF has had daily average volatility of 0.481%
Our recommended stop-loss: $50.64 (-6.30%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (DWM) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect WISDOMTREE INTERNATIONAL EQUITY FUND N/A to open at $53.98, and during the day (based on 14 day Average True Range), to move between $53.45 and $54.65, which gives a possible trading interval of +/-$0.602 (+/-1.11%) up or down from last closing price. If WISDOMTREE INTERNATIONAL EQUITY FUND N/A takes out the full calculated possible swing range there will be an estimated 2.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $53.24 (1.50%) than the resistance at $55.60 (2.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is WISDOMTREE INTERNATIONAL EQUITY FUND N/A ETF A Buy?
WISDOMTREE INTERNATIONAL EQUITY FUND N/A holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.779 Hold/Accumulate Downgraded
Predicted Opening Price for WISDOMTREE INTERNATIONAL EQUITY FUND N/A of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $53.98 ( 0.133%) | $54.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DWM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.20 | 0.284% |
| R2 | 54.12 | 0.125% |
| R1 | 54.06 | 0.0266% |
| Price | 54.05 | |
| S1 | 53.89 | -0.292% |
| S2 | 53.84 | -0.390% |
| S3 | 53.75 | -0.549% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 56.40 | 4.35% |
| R2 | 55.70 | 3.05% |
| R1 | 55.60 | 2.87% |
| Price | 54.05 | |
| S1 | 53.24 | -1.50% |
| S2 | 52.73 | -2.44% |
| S3 | 52.54 | -2.79% |
DWM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 27, 2024 | $0.325 | 0.591% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.385 | 0.739% |
| 3 | Dec 19, 2022 | Jun 26, 2023 | Jun 29, 2023 | $1.01 | 2.04% |
| 4 | Dec 19, 2022 | Mar 27, 2023 | Mar 30, 2023 | $0.455 | 0.92% |
| 5 | Jan 06, 2022 | Dec 23, 2022 | Dec 29, 2022 | $0.312 | 0.658% |
FAQ
Click here for our free guide on how to buy WISDOMTREE INTERNATIONAL EQUITY FUND N/A ETF.
