Wisdomtree Emerging Markets Efficient ETF Forecast
Green day on Wednesday for Wisdomtree Emerging Markets Efficient
(Updated on Jul 03, 2024)
The Wisdomtree Emerging Markets Efficient ETF price gained 1.88% on the last trading day (Wednesday, 3rd Jul 2024), rising from $29.46 to $30.01. During the last trading day the ETF fluctuated 1.08% from a day low at $29.70 to a day high of $30.02. The price has fallen in 5 of the last 10 days but is still up by 0.58% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 164 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $91.99 thousand.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $30.13 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.66% during the next 3 months and, with a 90% probability hold a price between $29.97 and $30.93 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NTSE Signals & Forecast
Mostly positive signals in the chart today. The Wisdomtree Emerging Markets Efficient 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 $29.52 and $29.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 2.37%. 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). Wisdomtree Emerging Markets Efficient 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wisdomtree Emerging Markets Efficient ETF
Wisdomtree Emerging Markets Efficient finds support from accumulated volume at $29.71 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 $0.320 between high and low, or 1.08%. For the last week the ETF has had daily average volatility of 0.634%.
Our recommended stop-loss: $28.45 (-5.23%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (NTSE) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Wisdomtree Emerging Markets Efficient Core Fund to open at $29.91, and during the day (based on 14 day Average True Range), to move between $29.76 and $30.27, which gives a possible trading interval of +/-$0.256 (+/-0.85%) up or down from last closing price. If Wisdomtree Emerging Markets Efficient Core Fund takes out the full calculated possible swing range there will be an estimated 1.71% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $29.71, some $0.304 (1.01%) from the current price of $30.01, our system finds the risk reward attractive.
Is Wisdomtree Emerging Markets Efficient Core Fund ETF 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 Emerging Markets Efficient ETF to perform well in the short-term.
Current score: 4.901 Buy Candidate Unchanged
Predicted Opening Price for Wisdomtree Emerging Markets Efficient Core Fund of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $29.91 ( 0.343%) | $30.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTSE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.23 | 0.723% |
| R2 | 30.11 | 0.316% |
| R1 | 30.03 | 0.0643% |
| Price | 30.01 | |
| S1 | 29.79 | -0.750% |
| S2 | 29.71 | -1.00% |
| S3 | 29.59 | -1.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 30.01 | |
| S1 | 29.71 | -1.01% |
| S2 | 29.32 | -2.31% |
| S3 | 28.56 | -4.85% |
NTSE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Mar 22, 2024 | Mar 27, 2024 | $0.0750 | 0.267% |
| 2 | Dec 09, 2022 | Dec 22, 2023 | Dec 28, 2023 | $0.0650 | 0.229% |
| 3 | Sep 25, 2023 | Sep 25, 2023 | Sep 28, 2023 | $0.370 | 1.44% |
| 4 | Dec 09, 2022 | Jun 26, 2023 | Jun 29, 2023 | $0.185 | 0.670% |
| 5 | Dec 09, 2022 | Mar 27, 2023 | Mar 30, 2023 | $0.0700 | 0.250% |
FAQ
Click here for our free guide on how to buy Wisdomtree Emerging Markets Efficient Core Fund ETF.
