WisdomTree Europe Hedged Equity Fund ETF Forecast
WisdomTree Europe Hedged Equity Fund ETF downgraded to Strong Sell Candidate
(Updated on Jun 25, 2024)
The WisdomTree Europe Hedged Equity Fund ETF price fell by -2.54% on the last day (Tuesday, 25th Jun 2024) from $46.79 to $45.60. During the last trading day the ETF fluctuated 0.594% from a day low at $45.47 to a day high of $45.74. The price has been going up and down for this period, and there has been a -4.3% loss for the last 2 weeks. Volume has increased on the last day by 66 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, 268 thousand shares were bought and sold for approximately $12.22 million.
The ETF has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $45.89 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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HEDJ Signals & Forecast
There are few to no technical positive signals at the moment. The WisdomTree Europe Hedged Equity Fund 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 $46.37 and $47.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -5.96%. 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). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for WisdomTree Europe Hedged Equity Fund ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $0.270 between high and low, or 0.594%. For the last week the ETF has had daily average volatility of 0.663%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HEDJ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect WisdomTree Europe Hedged Equity Fund to open at $45.60, and during the day (based on 14 day Average True Range), to move between $45.03 and $46.17, which gives a possible trading interval of +/-$0.575 (+/-1.26%) 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 2.52% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $46.48, some $0.88 (1.93%) from the current price of $45.60, our system finds the risk reward not very attractive.
Is WisdomTree Europe Hedged Equity Fund ETF A Buy?
WisdomTree Europe Hedged Equity Fund holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Sell to a Strong Sell candidate.
Current score: -5.411 Strong Sell Candidate Downgraded
Predicted Opening Price for WisdomTree Europe Hedged Equity Fund of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $45.60 ( 0.0073%) | $45.60 |
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 | |
|---|---|---|
| R3 | 45.87 | 0.599% |
| R2 | 45.77 | 0.373% |
| R1 | 45.71 | 0.233% |
| Price | 45.60 | |
| S1 | 45.50 | -0.219% |
| S2 | 45.44 | -0.359% |
| S3 | 45.33 | -0.585% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.87 | 4.98% |
| R2 | 47.78 | 4.78% |
| R1 | 46.48 | 1.93% |
| Price | 45.60 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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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