WisdomTree India Earnings Fund ETF Forecast
Stronger technical forecast for WisdomTree India Earnings Fund ETF price after Thursday trading.
(Updated on May 02, 2024)
The WisdomTree India Earnings Fund ETF price gained 1.02% on the last trading day (Thursday, 2nd May 2024), rising from $45.24 to $45.70. During the last trading day the ETF fluctuated 0.660% from a day low at $45.45 to a day high of $45.75. The price has risen in 9 of the last 10 days and is up by 4.27% 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, 822 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $67.48 million.
The ETF has broken the 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 $45.50, a level that may pose a second chance to hit a runner. According to fan-theory $48.21 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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EPI Signals & Forecast
The WisdomTree India Earnings Fund 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 $45.22 and $43.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.41%. 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 India Earnings Fund ETF
WisdomTree India Earnings Fund finds support from accumulated volume at $44.87 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 $0.300 between high and low, or 0.660%. For the last week the ETF has had daily average volatility of 0.481%.
The WisdomTree India Earnings Fund ETF is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.
Our recommended stop-loss: $43.59 (-4.63%) (This ETF has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (EPI) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect WisdomTree India Earnings Fund to open at $45.63, and during the day (based on 14 day Average True Range), to move between $45.35 and $46.05, which gives a possible trading interval of +/-$0.349 (+/-0.76%) up or down from last closing price. If WisdomTree India Earnings Fund takes out the full calculated possible swing range there will be an estimated 1.53% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $44.87, some $0.83 (1.82%) from the current price of $45.70, our system finds the risk reward attractive.
Is WisdomTree India Earnings Fund ETF A Buy?
Several short-term signals, along with a general good trend, are positive and the ETF has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for WisdomTree India Earnings Fund ETF to perform well in the short-term period. Due to a possible false trend-break listing ETF as pure buy candidate is held back. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.100 Buy Candidate Upgraded
Predicted Opening Price for WisdomTree India Earnings Fund of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $45.63 ( 0.146%) | $45.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EPI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.93 | 0.510 % | |
| R2 | 45.82 | 0.260 % | ||
| R1 | 45.75 | 0.105 % | ||
| Current price: | 45.70 | |||
| Support | S1 | 45.52 | -0.397 % | |
| S2 | 45.45 | -0.552 % | ||
| S3 | 45.33 | -0.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 45.70 | |||
| Support | S1 | 44.87 | -1.82% | |
| S2 | 42.78 | -6.39% | ||
| S3 | 42.27 | -7.51% |
EPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2022 | Jun 26, 2023 | Jun 29, 2023 | $0.0600 | 0.174% |
| 2 | Jan 06, 2022 | Jun 24, 2022 | Jun 29, 2022 | $1.85 | 6.21% |
| 3 | Jan 06, 2022 | Mar 25, 2022 | Mar 30, 2022 | $0.115 | 0.317% |
| 4 | Jan 12, 2021 | Dec 27, 2021 | Dec 30, 2021 | $0.192 | 0.526% |
| 5 | Jan 12, 2021 | Sep 24, 2021 | Sep 29, 2021 | $0.110 | 0.293% |
FAQ
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