WISDOMTREE JAPAN HEDGED EQUITY FUND N/A ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of WISDOMTREE JAPAN HEDGED EQUITY FUND N/A ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)
The WISDOMTREE JAPAN HEDGED EQUITY FUND N/A ETF price gained 1.06% on the last trading day (Friday, 28th Jun 2024), rising from $111.64 to $112.82. It has now gained 5 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 0.85% from a day low at $112.33 to a day high of $113.28. The price has risen in 8 of the last 10 days and is up by 4.14% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 523 thousand more shares were traded than the day before. In total, 852 thousand shares were bought and sold for approximately $96.11 million.
The ETF has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $112.35, a level that may pose a second chance to hit a runner. According to fan-theory $116.37 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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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. 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 $110.34 and $109.57. 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 4.44%. 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 $110.63 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 $0.95 between high and low, or 0.85%. For the last week the ETF has had daily average volatility of 0.601%.
Our recommended stop-loss: $106.44 (-5.65%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (DXJ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect WISDOMTREE JAPAN HEDGED EQUITY FUND N/A to open at $112.81, and during the day (based on 14 day Average True Range), to move between $111.70 and $113.94, which gives a possible trading interval of +/-$1.12 (+/-1.00%) 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 1.99% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $110.63, some $2.19 (1.94%) from the current price of $112.82, our system finds the risk reward attractive.
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: 0.000 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 JAPAN HEDGED EQUITY FUND N/A of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $112.81 ( 0.0089%) | $112.82 |
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 | 113.76 | 0.83% |
| R2 | 113.40 | 0.512% |
| R1 | 113.17 | 0.313% |
| Price | 112.82 | |
| S1 | 112.45 | -0.331% |
| S2 | 112.22 | -0.529% |
| S3 | 111.86 | -0.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 112.82 | |
| S1 | 110.63 | -1.94% |
| S2 | 107.96 | -4.31% |
| S3 | 105.65 | -6.36% |
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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