Wisdomtree U.s. Midcap Quality Growth Trust Forecast
Wisdomtree U.s. Midcap Quality Growth trust price up 0.576% on Tuesday
(Updated on Jun 18, 2024)
The Wisdomtree U.s. Midcap Quality Growth trust price gained 0.576% on the last trading day (Tuesday, 18th Jun 2024), rising from $26.03 to $26.18. During the last trading day the trust fluctuated 0.115% from a day low at $26.18 to a day high of $26.21. The price has been going up and down for this period, and there has been a 1.16% gain for the last 2 weeks. Volume fell on the last day by -86 shares and in total, 373 shares were bought and sold for approximately $9.77 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The trustis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $26.23 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Wisdomtree U.s. Midcap Quality Growth trust with a 90% probability to be traded between $25.12 and $25.74 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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QMID Signals & Forecast
There are mixed signals in the trust today. The Wisdomtree U.s. Midcap Quality Growth trust holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the trust giving a more negative forecast for the stock. On further gains, the trust will meet resistance from the long-term Moving Average at $26.21. On a fall, the trust will find some support from the short-term average at $26.07. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.42%. Further rise is indicated until a new top pivot has been found.
A buy signal from a double bottom formation was found on Friday, June 14, 2024 and based on theory for this formation the price should go up by 0.87% to $26.41 within 8 trading days since signal was issued (Thursday, June 20, 2024).
Support, Risk & Stop-loss for Wisdomtree U.s. Midcap Quality Growth trust
Wisdomtree U.s. Midcap Quality Growth finds support from accumulated volume at $26.03 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 $0.0300 between high and low, or 0.115%. For the last week the trust has had daily average volatility of 0.339%
Our recommended stop-loss: $24.85 (-5.07%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (QMID) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Wisdomtree U.s. Midcap Quality Growth Fund to open at $26.19, and during the day (based on 14 day Average True Range), to move between $25.94 and $26.42, which gives a possible trading interval of +/-$0.242 (+/-0.92%) up or down from last closing price. If Wisdomtree U.s. Midcap Quality Growth Fund takes out the full calculated possible swing range there will be an estimated 1.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.24 (0.21%) than the support at $26.03 (0.57%), 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 U.s. Midcap Quality Growth Fund trust A Buy?
Wisdomtree U.s. Midcap Quality Growth 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 U.s. Midcap Quality Growth Fund of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $26.19 ( 0.0382%) | $26.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QMID
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.22 | 0.153% |
| R2 | 26.21 | 0.109% |
| R1 | 26.20 | 0.0820% |
| Price | 26.18 | |
| S1 | 26.18 | -0.0056% |
| S2 | 26.17 | -0.0326% |
| S3 | 26.16 | -0.0764% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.48 | 1.16% |
| R2 | 26.28 | 0.372% |
| R1 | 26.24 | 0.211% |
| Price | 26.18 | |
| S1 | 26.03 | -0.573% |
| S2 | 25.99 | -0.718% |
| S3 | 25.96 | -0.84% |
FAQ
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