WisdomTree International Hedged Quality ETF Forecast

WisdomTree International Hedged Quality ETF upgraded to Strong Buy Candidate.
(Updated on May 09, 2024)

IHDG Signals & Forecast

Mostly positive signals in the chart today. The WisdomTree International Hedged Quality 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 $45.16 and $45.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.25%. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 International Hedged Quality ETF

WisdomTree International Hedged Quality finds support from accumulated volume at $45.42 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 $0.241 between high and low, or 0.529%. For the last week the ETF has had daily average volatility of 0.467%.

Since the WisdomTree International Hedged Quality has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $43.53 (-5.01%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (IHDG) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect WisdomTree International Hedged Quality Dividend Growth Fund to open at $45.75, and during the day (based on 14 day Average True Range), to move between $45.45 and $46.21, which gives a possible trading interval of +/-$0.377 (+/-0.82%) up or down from last closing price. If WisdomTree International Hedged Quality Dividend Growth Fund takes out the full calculated possible swing range there will be an estimated 1.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $45.89 (0.13%) than the support at $45.42 (0.89%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is WisdomTree International Hedged Quality Dividend Growth Fund ETF A Buy?

WisdomTree International Hedged Quality holds several positive signals and is considered to be a good choice at current levels. We expect the WisdomTree International Hedged Quality ETF to perform great in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.204 Strong Buy Candidate Upgraded

Predicted Opening Price for WisdomTree International Hedged Quality Dividend Growth Fund of Friday, May 10, 2024

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