Wisdomtree Cloud Computing Ucits Etf ETF Forecast
Wisdomtree Cloud Computing Ucits Etf ETF price ended at £2,442.50 on Tuesday, after losing 0.133%.
(Updated on Jul 02, 2024)
The Wisdomtree Cloud Computing Ucits Etf ETF price fell by -0.133% on the last day (Tuesday, 2nd Jul 2024) from £2,445.75 to £2,442.50. During the last trading day the ETF fluctuated 1.44% from a day low at £2,435.00 to a day high of £2,470.00. The price has risen in 5 of the last 10 days and is up by 5.76% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -10 thousand shares and in total, 903 shares were bought and sold for approximately £2.21 million.
Given the current short-term trend, the ETF is expected to fall -11.39% during the next 3 months and, with a 90% probability hold a price between £1,999.55 and £2,164.24 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KLWD.L Signals & Forecast
The Wisdomtree Cloud Computing Ucits Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £2,386.46 and £2,421.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 6.26%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Wisdomtree Cloud Computing Ucits Etf ETF
Wisdomtree Cloud Computing Ucits Etf finds support from accumulated volume at £2,326.00 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 £35.00 between high and low, or 1.44%. For the last week the ETF has had daily average volatility of 0.83%.
Our recommended stop-loss: £2,324.21 (-4.84%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (KLWD.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Wisdomtree Cloud Computing Ucits Etf to open at £2,449.17, and during the day (based on 14 day Average True Range), to move between £2,402.01 and £2,482.99, which gives a possible trading interval of +/-£40.49 (+/-1.66%) up or down from last closing price. If Wisdomtree Cloud Computing Ucits Etf takes out the full calculated possible swing range there will be an estimated 3.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £2,445.75 (0.13%) than the support at £2,326.00 (4.77%), 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 Cloud Computing Ucits Etf ETF A Buy?
Wisdomtree Cloud Computing Ucits Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Wisdomtree Cloud Computing Ucits Etf of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £2,449.17 ( 0.273%) | £2,442.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KLWD.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,484.17 | 1.71% |
| R2 | 2,470.80 | 1.16% |
| R1 | 2,462.54 | 0.82% |
| Price | 2,442.50 | |
| S1 | 2,435.80 | -0.274% |
| S2 | 2,427.54 | -0.613% |
| S3 | 2,414.17 | -1.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,587.75 | 5.95% |
| R2 | 2,557.75 | 4.72% |
| R1 | 2,445.75 | 0.133% |
| Price | 2,442.50 | |
| S1 | 2,326.00 | -4.77% |
| S2 | 2,311.50 | -5.36% |
| S3 | 2,309.50 | -5.45% |
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