WisdomTree Europe Quality Dividend ETF Forecast
WisdomTree Europe Quality Dividend ETF downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The WisdomTree Europe Quality Dividend ETF price fell by -0.92% on the last day (Wednesday, 26th Jun 2024) from $32.53 to $32.23. During the last trading day the ETF fluctuated 0.498% from a day low at $32.11 to a day high of $32.27. The price has been going up and down for this period, and there has been a -2.18% loss for the last 2 weeks. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 thousand shares were bought and sold for approximately $181.34 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $32.23 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 5.43% during the next 3 months and, with a 90% probability hold a price between $33.98 and $36.05 at the end of this 3-month period.
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EUDG Signals & Forecast
There are few to no technical positive signals at the moment. The WisdomTree Europe Quality Dividend 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 $32.79 and $33.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -4.70%. 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). WisdomTree Europe Quality Dividend gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for WisdomTree Europe Quality Dividend ETF
WisdomTree Europe Quality Dividend finds support from accumulated volume at $32.05 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 $0.160 between high and low, or 0.498%. For the last week the ETF has had daily average volatility of 0.223%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EUDG) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect WisdomTree Europe Quality Dividend Growth Fund to open at $32.20, and during the day (based on 14 day Average True Range), to move between $31.92 and $32.54, which gives a possible trading interval of +/-$0.308 (+/-0.96%) up or down from last closing price. If WisdomTree Europe Quality Dividend Growth Fund takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $32.05 (0.56%) than the resistance at $32.75 (1.60%), 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 Quality Dividend Growth Fund ETF A Buy?
The WisdomTree Europe Quality Dividend ETF holds several negative signals and despite the positive trend, we believe WisdomTree Europe Quality Dividend will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.219 Sell Candidate Downgraded
Predicted Opening Price for WisdomTree Europe Quality Dividend Growth Fund of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $32.20 ( 0.0871%) | $32.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUDG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.36 | 0.409% |
| R2 | 32.30 | 0.220% |
| R1 | 32.27 | 0.103% |
| Price | 32.23 | |
| S1 | 32.14 | -0.277% |
| S2 | 32.11 | -0.394% |
| S3 | 32.04 | -0.583% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.82 | 4.93% |
| R2 | 33.12 | 2.75% |
| R1 | 32.75 | 1.60% |
| Price | 32.23 | |
| S1 | 32.05 | -0.565% |
| S2 | 32.02 | -0.658% |
| S3 | 31.63 | -1.87% |
EUDG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Mar 22, 2024 | Mar 27, 2024 | $0.0900 | 0.275% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.110 | 0.348% |
| 3 | Sep 25, 2023 | Sep 25, 2023 | Sep 28, 2023 | $0.0400 | 0.140% |
| 4 | Dec 13, 2022 | Jun 26, 2023 | Jun 29, 2023 | $0.400 | 1.33% |
| 5 | Dec 13, 2022 | Mar 27, 2023 | Mar 30, 2023 | $0.130 | 0.433% |
FAQ
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