WisdomTree Alternative Income Fund ETF Forecast

WisdomTree Alternative Income Fund ETF price up 0.561% on Thursday
(Updated on Apr 18, 2024)

HYIN Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.96%. Further rise is indicated until a new top pivot has been found. WisdomTree Alternative Income Fund 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The WisdomTree Alternative Income 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 $17.97 and $18.37. 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).

Support, Risk & Stop-loss for WisdomTree Alternative Income Fund ETF

WisdomTree Alternative Income Fund finds support from accumulated volume at $17.82 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 $0.0949 between high and low, or 0.530%. For the last week the ETF has had daily average volatility of 1.02%.

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

Trading Expectations (HYIN) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect WisdomTree Alternative Income Fund to open at $17.95, and during the day (based on 14 day Average True Range), to move between $17.72 and $18.12, which gives a possible trading interval of +/-$0.196 (+/-1.09%) up or down from last closing price. If WisdomTree Alternative Income Fund takes out the full calculated possible swing range there will be an estimated 2.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.82 (0.56%) than the resistance at $18.10 (1.00%), 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 Alternative Income Fund ETF A Buy?

WisdomTree Alternative Income 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.

Current score: -1.017 Sell Candidate Unchanged

Predicted Opening Price for WisdomTree Alternative Income Fund of Friday, April 19, 2024

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