WisdomTree U.S. Multifactor Fund ETF Forecast
WisdomTree U.S. Multifactor Fund ETF price ended at $46.13 on Friday, after gaining 0.239%.
(Updated on May 17, 2024)
The WisdomTree U.S. Multifactor Fund ETF price gained 0.239% on the last trading day (Friday, 17th May 2024), rising from $46.02 to $46.13. 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 0.320% from a day low at $45.98 to a day high of $46.13. The price has risen in 9 of the last 10 days and is up by 3.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately $622.94 thousand.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $46.58 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect WisdomTree U.S. Multifactor Fund ETF with a 90% probability to be traded between $44.06 and $46.61 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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USMF Signals & Forecast
Mostly positive signals in the chart today. The WisdomTree U.S. Multifactor 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 $45.77 and $45.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.82%. 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). WisdomTree U.S. Multifactor Fund 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.
Support, Risk & Stop-loss for WisdomTree U.S. Multifactor Fund ETF
WisdomTree U.S. Multifactor Fund finds support from accumulated volume at $45.45 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 $0.147 between high and low, or 0.320%. For the last week the ETF has had daily average volatility of 0.411%.
Our recommended stop-loss: $43.61 (-5.46%) (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 (USMF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect WisdomTree U.S. Multifactor Fund to open at $46.08, and during the day (based on 14 day Average True Range), to move between $45.81 and $46.45, which gives a possible trading interval of +/-$0.318 (+/-0.69%) up or down from last closing price. If WisdomTree U.S. Multifactor Fund takes out the full calculated possible swing range there will be an estimated 1.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.16 (0.07%) than the support at $45.45 (1.47%), 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 U.S. Multifactor 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 U.S. Multifactor Fund ETF to perform well in the short-term period.
Current score: 4.853 Buy Candidate Unchanged
Predicted Opening Price for WisdomTree U.S. Multifactor Fund of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $46.08 ( 0.106%) | $46.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USMF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.23 | 0.212 % | |
| R2 | 46.17 | 0.0907 % | ||
| R1 | 46.14 | 0.0155 % | ||
| Current price: | 46.13 | |||
| Support | S1 | 46.02 | -0.228 % | |
| S2 | 45.99 | -0.303 % | ||
| S3 | 45.93 | -0.425 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.55 | 0.92 % | |
| R2 | 46.23 | 0.217 % | ||
| R1 | 46.16 | 0.0655 % | ||
| Current price | 46.13 | |||
| Support | S1 | 45.45 | -1.47% | |
| S2 | 44.94 | -2.58% | ||
| S3 | 44.44 | -3.66% |
USMF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 27, 2024 | $0.140 | 0.302% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 28, 2023 | $0.175 | 0.415% |
| 3 | Sep 22, 2023 | Sep 25, 2023 | Sep 28, 2023 | $0.140 | 0.363% |
| 4 | Jun 23, 2023 | Jun 26, 2023 | Jun 29, 2023 | $0.140 | 0.364% |
| 5 | Mar 24, 2023 | Mar 27, 2023 | Mar 30, 2023 | $0.105 | 0.284% |
FAQ
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