Wisdomtree Trust - Wisdomtree India Trust Forecast
Wisdomtree Trust - Wisdomtree India trust price down 0.0016% on Tuesday
(Updated on Jun 25, 2024)
The Wisdomtree Trust - Wisdomtree India trust price fell by -0.0016% on the last day (Tuesday, 25th Jun 2024) from $42.43 to $42.43. During the last trading day the trust fluctuated 0.214% from a day low at $42.43 to a day high of $42.52. The price has risen in 6 of the last 10 days and is up by 1.53% over the past 2 weeks. Volume fell on the last day along with the trust, which is actually a good sign as volume should follow the trust. On the last day, the trading volume fell by -9 thousand shares and in total, 1 thousand shares were bought and sold for approximately $56.52 thousand.
The trust lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the trust is expected to rise 6.33% during the next 3 months and, with a 90% probability hold a price between $43.45 and $45.70 at the end of this 3-month period.
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INDH Signals & Forecast
The Wisdomtree Trust - Wisdomtree India trust 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 $42.37 and $41.22. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.306%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this trust may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wisdomtree Trust - Wisdomtree India trust
Wisdomtree Trust - Wisdomtree India finds support from accumulated volume at $41.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved $0.0907 between high and low, or 0.214%. For the last week the trust has had daily average volatility of 0.360%
Our recommended stop-loss: $41.01 (-3.36%) (This trust has low daily movements and this gives low risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (INDH) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Wisdomtree Trust - Wisdomtree India Hedged Equity Fund to open at $42.46, and during the day (based on 14 day Average True Range), to move between $42.03 and $42.83, which gives a possible trading interval of +/-$0.404 (+/-0.95%) up or down from last closing price. If Wisdomtree Trust - Wisdomtree India Hedged Equity Fund takes out the full calculated possible swing range there will be an estimated 1.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.43 (0.00%) than the support at $41.29 (2.68%), 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 Trust - Wisdomtree India Hedged Equity Fund trust 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 Trust - Wisdomtree India trust to perform well in the short-term.
Current score: 2.870 Buy Candidate Unchanged
Predicted Opening Price for Wisdomtree Trust - Wisdomtree India Hedged Equity Fund of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $42.46 ( 0.0713%) | $42.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INDH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.55 | 0.285% |
| R2 | 42.52 | 0.203% |
| R1 | 42.49 | 0.153% |
| Price | 42.43 | |
| S1 | 42.42 | -0.0104% |
| S2 | 42.40 | -0.0609% |
| S3 | 42.37 | -0.143% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.56 | 0.307% |
| R2 | 42.46 | 0.0768% |
| R1 | 42.43 | 0.0016% |
| Price | 42.43 | |
| S1 | 41.29 | -2.68% |
| S2 | 40.84 | -3.74% |
| S3 | 39.71 | -6.42% |
FAQ
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