WISDOMTREE EUROPE HEDGED SMALLCAP EQUITY ETF Forecast

WISDOMTREE EUROPE HEDGED SMALLCAP EQUITY ETF downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 21, 2024)

EUSC Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.04%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The WISDOMTREE EUROPE HEDGED SMALLCAP EQUITY 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 $39.30 and $40.01. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). WISDOMTREE EUROPE HEDGED SMALLCAP EQUITY 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". The ETF had a Golden Star Signal on Monday, August 28, 2023 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 HEDGED SMALLCAP EQUITY ETF

WISDOMTREE EUROPE HEDGED SMALLCAP EQUITY finds support from accumulated volume at $38.58 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 $0.0750 between high and low, or 0.192%. For the last week the ETF has had daily average volatility of 0.374%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EUSC) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect WISDOMTREE EUROPE HEDGED SMALLCAP EQUITY FUND N/A to open at $39.06, and during the day (based on 14 day Average True Range), to move between $38.70 and $39.41, which gives a possible trading interval of +/-$0.354 (+/-0.91%) up or down from last closing price. If WISDOMTREE EUROPE HEDGED SMALLCAP EQUITY FUND N/A takes out the full calculated possible swing range there will be an estimated 1.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $38.58 (1.23%) than the resistance at $40.36 (3.33%), 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 EUROPE HEDGED SMALLCAP EQUITY FUND N/A ETF A Buy?

The WISDOMTREE EUROPE HEDGED SMALLCAP EQUITY ETF holds several negative signals and despite the positive trend, we believe WISDOMTREE EUROPE HEDGED SMALLCAP EQUITY 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: -2.547 Sell Candidate Downgraded

Predicted Opening Price for WISDOMTREE EUROPE HEDGED SMALLCAP EQUITY FUND N/A of Monday, June 24, 2024

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