WisdomTree Yield Enhanced U.S. ETF Forecast
WisdomTree Yield Enhanced U.S. ETF upgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)
The WisdomTree Yield Enhanced U.S. ETF price fell by -0.115% on the last day (Friday, 19th Apr 2024) from $46.76 to $46.71. During the last trading day the ETF fluctuated 0.0976% from a day low at $46.70 to a day high of $46.75. The price has been going up and down for this period, and there has been a -0.66% loss for the last 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 -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately $100.38 thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $46.68 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect WisdomTree Yield Enhanced U.S. ETF with a 90% probability to be traded between $46.19 and $46.62 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS 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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SHAG Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.0214%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The WisdomTree Yield Enhanced U.S. ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $46.75 and $47.02. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for WisdomTree Yield Enhanced U.S. ETF
WisdomTree Yield Enhanced U.S. finds support from accumulated volume at $46.70 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 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 ETF During the last day, the ETF moved $0.0456 between high and low, or 0.0976%. For the last week the ETF has had daily average volatility of 0.137%
Our recommended stop-loss: $43.74 (-6.35%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (SHAG) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund to open at $46.72, and during the day (based on 14 day Average True Range), to move between $46.63 and $46.79, which gives a possible trading interval of +/-$0.0833 (+/-0.18%) up or down from last closing price. If WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund takes out the full calculated possible swing range there will be an estimated 0.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $46.70 (0.02%) than the resistance at $46.99 (0.60%), 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 Yield Enhanced U.S. Short-Term Aggregate Bond Fund ETF A Buy?
WisdomTree Yield Enhanced U.S. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.173 Hold/Accumulate Upgraded
Predicted Opening Price for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$46.72 ( 0.0251%) | $46.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHAG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 46.77 | 0.123 % | |
R2 | 46.75 | 0.0855 % | ||
R1 | 46.74 | 0.0624 % | ||
Current price: | 46.71 | |||
Support | S1 | 46.70 | -0.0122 % | |
S2 | 46.69 | -0.0352 % | ||
S3 | 46.68 | -0.0725 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.36 | 1.39 % | |
R2 | 47.14 | 0.92 % | ||
R1 | 46.99 | 0.599 % | ||
Current price | 46.71 | |||
Support | S1 | 46.70 | -0.0214% | |
S2 | 0 | . | ||
S3 | 0 | . |
SHAG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | Mar 22, 2024 | Mar 27, 2024 | $0.155 | 0.329% |
2 | Feb 22, 2024 | Feb 23, 2024 | Feb 28, 2024 | $0.140 | 0.298% |
3 | Jan 25, 2024 | Jan 25, 2024 | Jan 30, 2024 | $0.150 | 0.317% |
4 | Nov 22, 2023 | Nov 24, 2023 | Nov 29, 2023 | $0.135 | 0.288% |
5 | Oct 24, 2023 | Oct 25, 2023 | Oct 30, 2023 | $0.135 | 0.293% |
FAQ
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