WISDOMTREE EMERGING MARKETS CONSUMER Stock Forecast
WISDOMTREE EMERGING MARKETS CONSUMER stock price ended at $11.26 on Monday, after gaining 0.0889%.
(Updated on Jun 24, 2024)
The WISDOMTREE EMERGING MARKETS CONSUMER stock price gained 0.0889% on the last trading day (Monday, 24th Jun 2024), rising from $11.25 to $11.26. During the last trading day the stock fluctuated 0% from a day low at $11.26 to a day high of $11.26. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day by -719 shares and in total, 103 shares were bought and sold for approximately $1.16 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 stock 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 EMERGING MARKETS CONSUMER stock with a 90% probability to be traded between $11.34 and $11.40 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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EMCG Signals & Forecast
The WISDOMTREE EMERGING MARKETS CONSUMER stock 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 $11.25 and $11.24. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for WISDOMTREE EMERGING MARKETS CONSUMER stock
WISDOMTREE EMERGING MARKETS CONSUMER finds support from accumulated volume at $11.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock 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 stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0890%
Our recommended stop-loss: $10.74 (-4.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (EMCG) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect WISDOMTREE EMERGING MARKETS CONSUMER GROWTH FUND N/A to open at $11.26, and during the day (based on 14 day Average True Range), to move between $11.23 and $11.29, which gives a possible trading interval of +/-$0.0342 (+/-0.30%) up or down from last closing price. If WISDOMTREE EMERGING MARKETS CONSUMER GROWTH FUND N/A takes out the full calculated possible swing range there will be an estimated 0.61% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $11.24, some $0.0200 (0.18%) from the current price of $11.26, our system finds the risk reward attractive.
Is WISDOMTREE EMERGING MARKETS CONSUMER GROWTH FUND N/A stock A Buy?
WISDOMTREE EMERGING MARKETS CONSUMER 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: 0.287 Hold/Accumulate Unchanged
Predicted Opening Price for WISDOMTREE EMERGING MARKETS CONSUMER GROWTH FUND N/A of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $11.26 ( 0%) | $11.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMCG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.26 | - |
| R2 | 11.26 | - |
| R1 | 11.26 | - |
| Price | 11.26 | |
| S1 | 11.26 | - |
| S2 | 11.26 | - |
| S3 | 11.26 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 11.26 | |
| S1 | 11.24 | -0.178% |
| S2 | 11.20 | -0.533% |
| S3 | 11.19 | -0.622% |
EMCG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 23, 2020 | Mar 24, 2020 | Mar 27, 2020 | $0.0200 | 0.113% |
| 2 | Dec 23, 2019 | Dec 23, 2019 | Dec 27, 2019 | $0.0974 | 0.415% |
| 3 | Sep 24, 2019 | Sep 24, 2019 | Sep 27, 2019 | $0.405 | 1.90% |
| 4 | Jun 24, 2019 | Jun 24, 2019 | Jun 24, 2019 | $0.115 | 0.516% |
| 5 | Mar 26, 2019 | Mar 26, 2019 | Mar 29, 2019 | $0.0300 | 0.135% |
FAQ
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