WisdomTree Japan Hedged SmallCap Equity ETF Forecast
WisdomTree Japan Hedged SmallCap Equity ETF price up 0.236% on Monday
(Updated on Jun 17, 2024)
The WisdomTree Japan Hedged SmallCap Equity ETF price gained 0.236% on the last trading day (Monday, 17th Jun 2024), rising from $33.86 to $33.94. During the last trading day the ETF fluctuated 1.07% from a day low at $33.62 to a day high of $33.98. The price has risen in 6 of the last 10 days but is still down by -0.91% for this period. Volume fell on the last day by -7 thousand shares and in total, 10 thousand shares were bought and sold for approximately $323.55 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 ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect WisdomTree Japan Hedged SmallCap Equity ETF with a 90% probability to be traded between $34.06 and $35.11 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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DXJS Signals & Forecast
The WisdomTree Japan Hedged SmallCap Equity 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 $33.87 and $33.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 1.28%. 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. The ETF had a Golden Star Signal on Wednesday, December 27, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, December 27, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A buy signal from a double bottom formation was found on Thursday, June 13, 2024 and based on theory for this formation the price should go up by 0.180% to $34.00 within 11 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for WisdomTree Japan Hedged SmallCap Equity ETF
WisdomTree Japan Hedged SmallCap Equity finds support from accumulated volume at $33.85 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 $0.360 between high and low, or 1.07%. For the last week the ETF has had daily average volatility of 0.82%
Our recommended stop-loss: $32.16 (-5.25%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (DXJS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect WisdomTree Japan Hedged SmallCap Equity Fund to open at $33.85, and during the day (based on 14 day Average True Range), to move between $33.52 and $34.36, which gives a possible trading interval of +/-$0.417 (+/-1.23%) up or down from last closing price. If WisdomTree Japan Hedged SmallCap Equity Fund takes out the full calculated possible swing range there will be an estimated 2.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $33.85 (0.27%) than the resistance at $34.20 (0.77%), 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 Japan Hedged SmallCap Equity Fund ETF A Buy?
WisdomTree Japan Hedged SmallCap Equity 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.
Current score: -0.286 Hold/Accumulate Unchanged
Predicted Opening Price for WisdomTree Japan Hedged SmallCap Equity Fund of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $33.85 ( 0.275%) | $33.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DXJS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.21 | 0.786% |
| R2 | 34.07 | 0.381% |
| R1 | 33.98 | 0.130% |
| Price | 33.94 | |
| S1 | 33.71 | -0.680% |
| S2 | 33.62 | -0.93% |
| S3 | 33.49 | -1.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.30 | 1.05% |
| R2 | 34.26 | 0.94% |
| R1 | 34.20 | 0.766% |
| Price | 33.94 | |
| S1 | 33.85 | -0.265% |
| S2 | 33.83 | -0.324% |
| S3 | 32.91 | -3.03% |
DXJS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 27, 2024 | $0.250 | 0.740% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 28, 2023 | $0.340 | 1.14% |
| 3 | Jun 23, 2023 | Jun 26, 2023 | Jun 29, 2023 | $0.445 | 1.68% |
| 4 | Mar 24, 2023 | Mar 27, 2023 | Mar 30, 2023 | $0.490 | 2.05% |
| 5 | May 10, 2023 | Dec 23, 2022 | Dec 12, 2022 | $0.561 | 2.45% |
FAQ
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