WisdomTree Europe Hedged Equity Fund ETF Forecast
WisdomTree Europe Hedged Equity Fund ETF downgraded to Buy Candidate
(Updated on Mar 27, 2024)
The WisdomTree Europe Hedged Equity Fund ETF price gained 0.85% on the last trading day (Wednesday, 27th Mar 2024), rising from $47.97 to $48.38. During the last trading day the ETF fluctuated 0.535% from a day low at $48.19 to a day high of $48.45. The price has risen in 6 of the last 10 days and is up by 2.2% over the past 2 weeks. Volume fell on the last day by -794 thousand shares and in total, 104 thousand shares were bought and sold for approximately $5.01 million. 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 ETF lies in the middle of a 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 15.82% during the next 3 months and, with a 90% probability hold a price between $54.56 and $57.33 at the end of this 3-month period.
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HEDJ Signals & Forecast
The WisdomTree Europe Hedged Equity 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 $47.89 and $46.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 16.10%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. 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 Europe Hedged Equity Fund ETF
WisdomTree Europe Hedged Equity Fund finds support from accumulated volume at $46.58 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 $0.258 between high and low, or 0.535%. For the last week the ETF has had daily average volatility of 0.571%.
Our recommended stop-loss: $46.86 (-3.14%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (HEDJ) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect WisdomTree Europe Hedged Equity Fund to open at $48.34, and during the day (based on 14 day Average True Range), to move between $47.99 and $48.77, which gives a possible trading interval of +/-$0.388 (+/-0.80%) up or down from last closing price. If WisdomTree Europe Hedged Equity Fund takes out the full calculated possible swing range there will be an estimated 1.60% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $46.58, some $1.80 (3.72%) from the current price of $48.38, our system finds the risk reward attractive.
Is WisdomTree Europe Hedged Equity Fund ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for WisdomTree Europe Hedged Equity Fund ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.572 Buy Candidate Downgraded
Predicted Opening Price for WisdomTree Europe Hedged Equity Fund of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$48.34 ( 0.0841%) | $48.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEDJ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 48.60 | 0.449 % | |
R2 | 48.50 | 0.246 % | ||
R1 | 48.44 | 0.120 % | ||
Current price: | 48.38 | |||
Support | S1 | 48.24 | -0.288 % | |
S2 | 48.18 | -0.414 % | ||
S3 | 48.08 | -0.617 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 48.38 | |||
Support | S1 | 46.58 | -3.72% | |
S2 | 46.35 | -4.20% | ||
S3 | 46.27 | -4.36% |
HEDJ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.135 | 0.316% |
2 | Sep 25, 2023 | Sep 25, 2023 | Sep 25, 2023 | $0.0750 | 0.191% |
3 | Dec 09, 2022 | Jun 26, 2023 | Jun 29, 2023 | $2.42 | 5.97% |
4 | Jan 07, 2022 | Dec 23, 2022 | Dec 29, 2022 | $0.204 | 0.574% |
5 | Jan 07, 2022 | Sep 26, 2022 | Sep 29, 2022 | $0.165 | 0.531% |
FAQ
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