WISDOMTREE JAPAN HEDGED EQUITY FUND N/A ETF Forecast
WISDOMTREE JAPAN HEDGED EQUITY FUND N/A ETF downgraded to Hold/Accumulate
(Updated on Jun 25, 2024)
The WISDOMTREE JAPAN HEDGED EQUITY FUND N/A ETF price gained 1.24% on the last trading day (Tuesday, 25th Jun 2024), rising from $109.27 to $110.63. During the last trading day the ETF fluctuated 0.528% from a day low at $110.24 to a day high of $110.82. The price has risen in 6 of the last 10 days but is still down by -0.4% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $195.65 million.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.56% during the next 3 months and, with a 90% probability hold a price between $110.20 and $114.70 at the end of this 3-month period.
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DXJ Signals & Forecast
The WISDOMTREE JAPAN HEDGED EQUITY FUND N/A 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 $108.83 and $109.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 2.42%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for WISDOMTREE JAPAN HEDGED EQUITY FUND N/A ETF
WISDOMTREE JAPAN HEDGED EQUITY FUND N/A finds support from accumulated volume at $109.58 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 $0.582 between high and low, or 0.528%. For the last week the ETF has had daily average volatility of 0.510%.
Our recommended stop-loss: $104.29 (-5.73%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (DXJ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect WISDOMTREE JAPAN HEDGED EQUITY FUND N/A to open at $110.56, and during the day (based on 14 day Average True Range), to move between $109.48 and $111.78, which gives a possible trading interval of +/-$1.15 (+/-1.04%) up or down from last closing price. If WISDOMTREE JAPAN HEDGED EQUITY FUND N/A takes out the full calculated possible swing range there will be an estimated 2.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $111.07 (0.40%) than the support at $109.58 (0.95%), 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 JAPAN HEDGED EQUITY FUND N/A ETF A Buy?
WISDOMTREE JAPAN HEDGED EQUITY FUND N/A 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: 0.837 Hold/Accumulate Downgraded
Predicted Opening Price for WISDOMTREE JAPAN HEDGED EQUITY FUND N/A of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $110.56 ( 0.0609%) | $110.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DXJ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 111.14 | 0.465% |
| R2 | 110.92 | 0.264% |
| R1 | 110.78 | 0.140% |
| Price | 110.63 | |
| S1 | 110.34 | -0.262% |
| S2 | 110.20 | -0.386% |
| S3 | 109.98 | -0.587% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 111.11 | 0.434% |
| R2 | 111.08 | 0.407% |
| R1 | 111.07 | 0.398% |
| Price | 110.63 | |
| S1 | 109.58 | -0.95% |
| S2 | 107.96 | -2.41% |
| S3 | 105.65 | -4.50% |
DXJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Mar 22, 2024 | Mar 27, 2024 | $0.305 | 0.280% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $1.61 | 1.83% |
| 3 | Dec 20, 2022 | Jun 26, 2023 | Jun 29, 2023 | $0.782 | 0.94% |
| 4 | Dec 20, 2022 | Mar 27, 2023 | Mar 30, 2023 | $0.625 | 0.89% |
| 5 | Jan 06, 2022 | Dec 23, 2022 | Dec 29, 2022 | $1.07 | 1.62% |
FAQ
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