WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH ETF Forecast
Red day on Friday for WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH ETF after losing 0.184%
(Updated on Jun 28, 2024)
The WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH ETF price fell by -0.184% on the last day (Friday, 28th Jun 2024) from $27.14 to $27.09. During the last trading day the ETF fluctuated 0.222% from a day low at $27.07 to a day high of $27.13. The price has risen in 6 of the last 10 days and is up by 0.63% 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 -57 thousand shares and in total, 107 thousand shares were bought and sold for approximately $2.89 million.
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 $27.17 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.52% during the next 3 months and, with a 90% probability hold a price between $27.34 and $27.86 at the end of this 3-month period.
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USDU Signals & Forecast
The WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH 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 $27.07 and $26.72. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -0.221%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Tuesday, May 21, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Tuesday, May 21, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH ETF
WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH finds support from accumulated volume at $26.62 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 $0.0600 between high and low, or 0.222%. For the last week the ETF has had daily average volatility of 0.258%.
Our recommended stop-loss: $26.10 (-3.66%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (USDU) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND N/A to open at $27.10, and during the day (based on 14 day Average True Range), to move between $26.99 and $27.19, which gives a possible trading interval of +/-$0.0984 (+/-0.36%) up or down from last closing price. If WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND N/A takes out the full calculated possible swing range there will be an estimated 0.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.14 (0.18%) than the support at $26.62 (1.73%), 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 BLOOMBERG U.S. DOLLAR BULLISH FUND N/A ETF A Buy?
WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH 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: -0.415 Hold/Accumulate Unchanged
Predicted Opening Price for WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND N/A of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$27.10 ( 0.0246%) | $27.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USDU
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 27.16 | 0.246% |
R2 | 27.13 | 0.161% |
R1 | 27.12 | 0.109% |
Price | 27.09 | |
S1 | 27.07 | -0.0600% |
S2 | 27.06 | -0.112% |
S3 | 27.04 | -0.197% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 27.15 | 0.221% |
R1 | 27.14 | 0.185% |
Price | 27.09 | |
S1 | 26.62 | -1.73% |
S2 | 26.57 | -1.92% |
S3 | 26.55 | -1.99% |
USDU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $1.76 | 6.96% |
2 | Dec 23, 2022 | Dec 23, 2022 | Dec 23, 2022 | $0.275 | 1.05% |
3 | Dec 06, 2022 | Dec 07, 2022 | Dec 12, 2022 | $1.76 | 6.60% |
4 | Dec 18, 2020 | Dec 21, 2020 | Dec 24, 2020 | $0.173 | 0.686% |
5 | Dec 23, 2019 | Dec 23, 2019 | Dec 27, 2019 | $0.82 | 3.03% |
FAQ
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