WisdomTree Trust - WisdomTree Efficient ETF Forecast
Stronger technical forecast for WisdomTree Trust - WisdomTree Efficient ETF price after Friday trading.
(Updated on May 17, 2024)
The WisdomTree Trust - WisdomTree Efficient ETF price gained 3.92% on the last trading day (Friday, 17th May 2024), rising from $29.72 to $30.89. During the last trading day the ETF fluctuated 1.70% from a day low at $30.37 to a day high of $30.89. The price has risen in 6 of the last 10 days and is up by 12.22% 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, 3 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $103.25 thousand.
The ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 41.75% during the next 3 months and, with a 90% probability hold a price between $40.43 and $46.93 at the end of this 3-month period.
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GDMN Signals & Forecast
Mostly positive signals in the chart today. The WisdomTree Trust - WisdomTree Efficient 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 $29.64 and $28.27. 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 13.78%. 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 Trust - WisdomTree Efficient 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.
Support, Risk & Stop-loss for WisdomTree Trust - WisdomTree Efficient ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $29.02 and $27.97. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, WisdomTree Trust - WisdomTree Efficient finds support just below today's level at $29.02. If this is broken, then the next support from accumulated volume will be at $27.97 and $27.94.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.515 between high and low, or 1.70%. For the last week, the ETF has had daily average volatility of 1.19%.
Our recommended stop-loss: $29.71 (-3.81%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (GDMN) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect WisdomTree Trust - WisdomTree Efficient Gold Plus Gold Miners Strategy Fund to open at $30.71, and during the day (based on 14 day Average True Range), to move between $30.12 and $31.65, which gives a possible trading interval of +/-$0.764 (+/-2.47%) up or down from last closing price. If WisdomTree Trust - WisdomTree Efficient Gold Plus Gold Miners Strategy Fund takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $29.02, some $1.87 (6.05%) from the current price of $30.89, our system finds the risk reward attractive.
Is WisdomTree Trust - WisdomTree Efficient Gold Plus Gold Miners Strategy Fund ETF A Buy?
WisdomTree Trust - WisdomTree Efficient holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.252 Strong Buy Candidate Upgraded
Predicted Opening Price for WisdomTree Trust - WisdomTree Efficient Gold Plus Gold Miners Strategy Fund of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $30.71 ( 0.556%) | $30.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GDMN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.23 | 1.11 % | |
| R2 | 31.03 | 0.475 % | ||
| R1 | 30.91 | 0.0812 % | ||
| Current price: | 30.89 | |||
| Support | S1 | 30.52 | -1.19 % | |
| S2 | 30.40 | -1.59 % | ||
| S3 | 30.20 | -2.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 30.89 | |||
| Support | S1 | 29.02 | -6.05% | |
| S2 | 27.97 | -9.43% | ||
| S3 | 27.94 | -9.54% |
GDMN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.160 | 0.658% |
| 2 | Oct 24, 2023 | Oct 25, 2023 | Oct 30, 2023 | $1.68 | 7.67% |
| 3 | Dec 23, 2022 | Dec 23, 2022 | Dec 23, 2022 | $0.144 | 0.631% |
| 4 | Oct 25, 2022 | Oct 25, 2022 | Oct 25, 2022 | $0.187 | 1.03% |
FAQ
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