WisdomTree Floating Rate Treasury Fund ETF Forecast
Green day on Wednesday for WisdomTree Floating Rate Treasury Fund ETF after gaining 0.0198%
(Updated on May 22, 2024)
The WisdomTree Floating Rate Treasury Fund ETF price gained 0.0198% on the last trading day (Wednesday, 22nd May 2024), rising from $50.49 to $50.50. During the last trading day the ETF fluctuated 0.0198% from a day low at $50.50 to a day high of $50.51. The price has risen in 8 of the last 10 days and is up by 0.2% over the past 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 3 million shares were bought and sold for approximately $131.37 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 $50.46 and $50.69 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
Mostly positive signals in the chart today. 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. 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 $50.47 and $50.41. 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 0.438%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The ETF had a Golden Star Signal on Thursday, May 02, 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 Thursday, May 02, 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 Thursday, May 02, 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 $50.38 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 $0.0100 between high and low, or 0.0198%. For the last week the ETF has had daily average volatility of 0.0198%.
Our recommended stop-loss: $46.99 (-6.95%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (USFR) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect WisdomTree Floating Rate Treasury Fund to open at $50.50, and during the day (based on 14 day Average True Range), to move between $50.48 and $50.52, which gives a possible trading interval of +/-$0.0211 (+/-0.04%) 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 0.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $50.38, some $0.120 (0.24%) from the current price of $50.50, our system finds the risk reward attractive.
Is WisdomTree Floating Rate Treasury Fund ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for WisdomTree Floating Rate Treasury Fund ETF to perform well in the short-term period.
Current score: 3.225 Buy Candidate Unchanged
Predicted Opening Price for WisdomTree Floating Rate Treasury Fund of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $50.50 ( 0.0066%) | $50.50 |
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 | 50.51 | 0.0264 % | |
| R2 | 50.51 | 0.0188 % | ||
| R1 | 50.51 | 0.0142 % | ||
| Current price: | 50.50 | |||
| Support | S1 | 50.50 | -0.0010 % | |
| S2 | 50.50 | -0.0056 % | ||
| S3 | 50.49 | -0.0132 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 50.50 | |||
| Support | S1 | 50.38 | -0.238% | |
| S2 | 50.31 | -0.376% | ||
| S3 | 50.28 | -0.436% |
USFR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Apr 24, 2024 | Apr 29, 2024 | $0.225 | 0.447% |
| 2 | Dec 26, 2023 | Mar 22, 2024 | Mar 27, 2024 | $0.225 | 0.447% |
| 3 | Dec 26, 2023 | Feb 23, 2024 | Feb 28, 2024 | $0.217 | 0.431% |
| 4 | Dec 26, 2023 | Jan 25, 2024 | Jan 30, 2024 | $0.227 | 0.452% |
| 5 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.236 | 0.470% |
FAQ
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