Wisdomtree 1-3 Year Laddered Treasury Trust Forecast
Evaluation of Wisdomtree 1-3 Year Laddered Treasury trust downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Wisdomtree 1-3 Year Laddered Treasury trust price fell by -0.379% on the last day (Tuesday, 25th Jun 2024) from $50.08 to $49.89. During the last trading day the trust fluctuated 0.0275% from a day low at $49.88 to a day high of $49.89. The price has risen in 5 of the last 10 days and is up by 0.08% over the past 2 weeks. Volume has increased on the last day by 397 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 461 shares were bought and sold for approximately $23.00 thousand.
The trust has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $49.96 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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USSH Signals & Forecast
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. The Wisdomtree 1-3 Year Laddered Treasury trust holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $50.04 and $49.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.379%. Further fall is indicated until a new bottom pivot has been found. Wisdomtree 1-3 Year Laddered Treasury gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wisdomtree 1-3 Year Laddered Treasury trust
Wisdomtree 1-3 Year Laddered Treasury finds support from accumulated volume at $49.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.0137 between high and low, or 0.0275%. For the last week the trust has had daily average volatility of 0.0055%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (USSH) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Wisdomtree 1-3 Year Laddered Treasury Fund to open at $49.89, and during the day (based on 14 day Average True Range), to move between $49.82 and $49.96, which gives a possible trading interval of +/-$0.0733 (+/-0.15%) up or down from last closing price. If Wisdomtree 1-3 Year Laddered Treasury Fund takes out the full calculated possible swing range there will be an estimated 0.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.91 (0.03%) than the support at $49.86 (0.06%), 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 1-3 Year Laddered Treasury Fund trust A Buy?
Wisdomtree 1-3 Year Laddered Treasury holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this trust. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.250 Sell Candidate Downgraded
Predicted Opening Price for Wisdomtree 1-3 Year Laddered Treasury Fund of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $49.89 ( 0.0092%) | $49.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USSH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 49.90 | 0.0183% |
| R2 | 49.89 | 0.0078% |
| R1 | 49.89 | 0.0013% |
| Price | 49.89 | |
| S1 | 49.88 | -0.0196% |
| S2 | 49.88 | -0.0261% |
| S3 | 49.87 | -0.0366% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.08 | 0.381% |
| R2 | 50.02 | 0.251% |
| R1 | 49.91 | 0.0301% |
| Price | 49.89 | |
| S1 | 49.86 | -0.0601% |
| S2 | 49.85 | -0.0902% |
| S3 | 49.69 | -0.401% |
USSH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 24, 2024 | Apr 29, 2024 | $0.200 | 0.402% |
FAQ
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