WisdomTree Emerging Markets Corporate ETF Forecast

WisdomTree Emerging Markets Corporate ETF upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 07, 2024)

EMCB Signals & Forecast

The WisdomTree Emerging Markets Corporate 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 $63.90 and $64.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.38%. 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). WisdomTree Emerging Markets Corporate has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The ETF had a Golden Star Signal on Friday, May 03, 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 Emerging Markets Corporate ETF

WisdomTree Emerging Markets Corporate finds support from accumulated volume at $64.03 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 $0.420 between high and low, or 0.655%. For the last week the ETF has had daily average volatility of 0.766%.

Our recommended stop-loss: $60.77 (-5.39%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (EMCB) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect WisdomTree Emerging Markets Corporate Bond Fund to open at $64.33, and during the day (based on 14 day Average True Range), to move between $63.74 and $64.71, which gives a possible trading interval of +/-$0.486 (+/-0.76%) up or down from last closing price. If WisdomTree Emerging Markets Corporate Bond Fund takes out the full calculated possible swing range there will be an estimated 1.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $64.03 (0.30%) than the resistance at $64.44 (0.33%), 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 Emerging Markets Corporate Bond Fund ETF A Buy?

WisdomTree Emerging Markets Corporate 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.865 Hold/Accumulate Upgraded

Predicted Opening Price for WisdomTree Emerging Markets Corporate Bond Fund of Wednesday, May 8, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.