Wisdomtree U.s. Smallcap Quality Growth Trust Forecast
Green day on Thursday for Wisdomtree U.s. Smallcap Quality Growth
(Updated on Jun 27, 2024)
The Wisdomtree U.s. Smallcap Quality Growth trust price gained 0.445% on the last trading day (Thursday, 27th Jun 2024), rising from $24.78 to $24.89. During the last trading day the trust fluctuated 0.403% from a day low at $24.80 to a day high of $24.90. The price has fallen in 6 of the last 10 days and is down by -2.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $192.04 thousand.
The trust is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Wisdomtree U.s. Smallcap Quality Growth trust with a 90% probability to be traded between $24.03 and $25.78 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.
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QSML Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.445%. Further rise is indicated until a new top pivot has been found. Wisdomtree U.s. Smallcap Quality Growth 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wisdomtree U.s. Smallcap 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 $25.36. On a fall, the trust will find some support from the short-term average at $24.88. 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).
Support, Risk & Stop-loss for Wisdomtree U.s. Smallcap Quality Growth trust
Wisdomtree U.s. Smallcap Quality Growth finds support from accumulated volume at $24.80 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 with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.1000 between high and low, or 0.403%. For the last week the trust has had daily average volatility of 0.229%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QSML) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Wisdomtree U.s. Smallcap Quality Growth Fund to open at $24.86, and during the day (based on 14 day Average True Range), to move between $24.65 and $25.13, which gives a possible trading interval of +/-$0.237 (+/-0.95%) up or down from last closing price. If Wisdomtree U.s. Smallcap Quality Growth Fund takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.80 (0.38%) than the resistance at $25.51 (2.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wisdomtree U.s. Smallcap Quality Growth Fund trust A Buy?
Wisdomtree U.s. Smallcap Quality Growth holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this trust.
Current score: -1.477 Sell Candidate Unchanged
Predicted Opening Price for Wisdomtree U.s. Smallcap Quality Growth Fund of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $24.86 ( 0.111%) | $24.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QSML
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.96 | 0.291% |
| R2 | 24.93 | 0.138% |
| R1 | 24.90 | 0.0429% |
| Price | 24.89 | |
| S1 | 24.83 | -0.264% |
| S2 | 24.80 | -0.359% |
| S3 | 24.76 | -0.512% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.87 | 3.92% |
| R2 | 25.60 | 2.85% |
| R1 | 25.51 | 2.48% |
| Price | 24.89 | |
| S1 | 24.80 | -0.375% |
| S2 | 24.78 | -0.441% |
| S3 | 24.63 | -1.05% |
FAQ
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