Wisdomtree Europe Equity Income Ucits ETF Forecast
Red day on Wednesday for Wisdomtree Europe Equity Income Ucits
(Updated on Jun 19, 2024)
The Wisdomtree Europe Equity Income Ucits ETF price fell by -1.21% on the last day (Wednesday, 19th Jun 2024) from £1,072.80 to £1,059.80. During the last trading day the ETF fluctuated 0% from a day low at £1,059.80 to a day high of £1,059.80. The price has fallen in 5 of the last 10 days and is down by -5.39% for this period. 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 -32 shares and in total, 0 shares were bought and sold for approximately £0 .
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £1,053.91 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Wisdomtree Europe Equity Income Ucits ETF with a 90% probability to be traded between £1,070.97 and £1,163.93 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EEI.L Signals & Forecast
There are few to no technical positive signals at the moment. The Wisdomtree Europe Equity Income Ucits 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 £1,069.04 and £1,105.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.21%. 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. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, February 15, 2024 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 Thursday, February 15, 2024 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.
Support, Risk & Stop-loss for Wisdomtree Europe Equity Income Ucits ETF
Wisdomtree Europe Equity Income Ucits finds support from accumulated volume at £1,053.00 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.755%
Our recommended stop-loss: £1,010.29 (-4.67%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (EEI.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Wisdomtree Europe Equity Income Ucits Etf to open at £1,059.80, and during the day (based on 14 day Average True Range), to move between £1,047.68 and £1,071.92, which gives a possible trading interval of +/-£12.12 (+/-1.14%) up or down from last closing price. If Wisdomtree Europe Equity Income Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,053.00 (0.64%) than the resistance at £1,087.30 (2.59%), 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 Europe Equity Income Ucits Etf ETF A Buy?
Wisdomtree Europe Equity Income Ucits 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.
Current score: -0.992 Hold/Accumulate Unchanged
Predicted Opening Price for Wisdomtree Europe Equity Income Ucits Etf of Thursday, June 20, 2024
Fair opening price June 20, 2024 | Current price |
---|---|
£1,059.80 ( 0%) | £1,059.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EEI.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,059.80 | - |
R2 | 1,059.80 | - |
R1 | 1,059.80 | - |
Price | 1,059.80 | |
S1 | 1,059.80 | - |
S2 | 1,059.80 | - |
S3 | 1,059.80 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,114.60 | 5.17% |
R2 | 1,087.40 | 2.60% |
R1 | 1,087.30 | 2.59% |
Price | 1,059.80 | |
S1 | 1,053.00 | -0.642% |
S2 | 0 | - |
S3 | 0 | - |
EEI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 04, 2024 | Jan 04, 2024 | Jan 18, 2024 | £0.164 | 0.0161% |
2 | Jul 06, 2023 | Jul 06, 2023 | Jul 20, 2023 | £43.73 | 4.28% |
3 | Jan 05, 2023 | Jan 05, 2023 | Jan 18, 2023 | £16.47 | 1.57% |
4 | Jul 07, 2022 | Jul 07, 2022 | Jul 21, 2022 | £35.28 | 3.79% |
5 | Jan 06, 2022 | Jan 06, 2022 | Jan 19, 2022 | £16.40 | 1.58% |
FAQ
Click here for our free guide on how to buy Wisdomtree Europe Equity Income Ucits Etf ETF.