WisdomTree Floating Rate Treasury Fund ETF Forecast
WisdomTree Floating Rate Treasury Fund ETF downgraded to Hold/Accumulate
(Updated on May 03, 2024)
The WisdomTree Floating Rate Treasury Fund ETF price gained 0.0397% on the last trading day (Friday, 3rd May 2024), rising from $50.36 to $50.38. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.0397% from a day low at $50.36 to a day high of $50.38. The price has risen in 7 of the last 10 days but is still down by -0.2% for this period. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately $144.63 million. 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 ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect WisdomTree Floating Rate Treasury Fund ETF with a 90% probability to be traded between $50.27 and $50.52 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.
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USFR Signals & Forecast
The WisdomTree Floating Rate Treasury Fund ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $50.34 and $50.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 0.199%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Tuesday, March 05, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, February 07, 2024.
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, March 05, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, February 07, 2024.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 12 Months
The ETF had a Golden Star Signal on Tuesday, March 05, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, February 07, 2024.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.
A buy signal from a double bottom formation was found on Wednesday, April 24, 2024 with a target of $50.32. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for WisdomTree Floating Rate Treasury Fund ETF
WisdomTree Floating Rate Treasury Fund finds support from accumulated volume at $50.34 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 $0.0200 between high and low, or 0.0397%. For the last week the ETF has had daily average volatility of 0.0318%.
Our recommended stop-loss: $46.77 (-7.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (USFR) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect WisdomTree Floating Rate Treasury Fund to open at $50.37, and during the day (based on 14 day Average True Range), to move between $50.35 and $50.41, which gives a possible trading interval of +/-$0.0299 (+/-0.06%) up or down from last closing price. If WisdomTree Floating Rate Treasury Fund takes out the full calculated possible swing range there will be an estimated 0.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.42 (0.08%) than the support at $50.34 (0.08%), 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 Floating Rate Treasury Fund ETF A Buy?
WisdomTree Floating Rate Treasury Fund 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.055 Hold/Accumulate Downgraded
Predicted Opening Price for WisdomTree Floating Rate Treasury Fund of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $50.37 ( 0.0132%) | $50.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USFR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.39 | 0.0265 % | |
| R2 | 50.39 | 0.0113 % | ||
| R1 | 50.38 | 0.0019 % | ||
| Current price: | 50.38 | |||
| Support | S1 | 50.37 | -0.0284 % | |
| S2 | 50.36 | -0.0378 % | ||
| S3 | 50.35 | -0.0529 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.46 | 0.159 % | |
| R2 | 50.44 | 0.119 % | ||
| R1 | 50.42 | 0.0794 % | ||
| Current price | 50.38 | |||
| Support | S1 | 50.34 | -0.0794% | |
| S2 | 50.31 | -0.139% | ||
| S3 | 50.28 | -0.198% |
USFR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Mar 22, 2024 | Mar 27, 2024 | $0.225 | 0.447% |
| 2 | Dec 26, 2023 | Feb 23, 2024 | Feb 28, 2024 | $0.217 | 0.431% |
| 3 | Dec 26, 2023 | Jan 25, 2024 | Jan 30, 2024 | $0.227 | 0.452% |
| 4 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.236 | 0.470% |
| 5 | Dec 16, 2022 | Nov 24, 2023 | Nov 29, 2023 | $0.227 | 0.451% |
FAQ
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