Wisdomtree 1-3 Year Laddered Treasury Trust Forecast
Wisdomtree 1-3 Year Laddered Treasury trust price ended at $49.88 on Friday, after losing 0.0098%.
(Updated on Jun 28, 2024)
The Wisdomtree 1-3 Year Laddered Treasury trust price fell by -0.0098% on the last day (Friday, 28th Jun 2024) from $49.89 to $49.88. During the last trading day the trust fluctuated 0.0800% from a day low at $49.88 to a day high of $49.92. The price has fallen in 5 of the last 10 days and is down by -0.37% for this period. Volume fell on the last day along with the trust, which is actually a good sign as volume should follow the trust. On the last day, the trading volume fell by -363 shares and in total, 166 shares were bought and sold for approximately $8.28 thousand.
The trust is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $49.86 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Wisdomtree 1-3 Year Laddered Treasury trust with a 90% probability to be traded between $50.08 and $50.34 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 trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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USSH Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.0704%. 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). 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 $49.96 and $49.91. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this trust may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, June 26, 2024 with a target of $49.84. Despite whether the objective of the signal formation has been reached the trust may continue to perform well.
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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved $0.0399 between high and low, or 0.0800%. For the last week the trust has had daily average volatility of 0.0235%
Our recommended stop-loss: $45.70 (-8.37%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (USSH) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st 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 $49.81 and $49.95, which gives a possible trading interval of +/-$0.0673 (+/-0.13%) 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 0.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $49.86 (0.04%) than the resistance at $49.91 (0.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wisdomtree 1-3 Year Laddered Treasury Fund trust 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 1-3 Year Laddered Treasury trust to perform well in the short-term period.
Current score: 1.217 Buy Candidate Unchanged
Predicted Opening Price for Wisdomtree 1-3 Year Laddered Treasury Fund of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $49.89 ( 0.0267%) | $49.88 |
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 | 49.93 | 0.107% |
| R2 | 49.92 | 0.0761% |
| R1 | 49.91 | 0.0572% |
| Price | 49.88 | |
| S1 | 49.88 | -0.0039% |
| S2 | 49.87 | -0.0228% |
| S3 | 49.85 | -0.0533% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.08 | 0.401% |
| R2 | 50.08 | 0.391% |
| R1 | 49.91 | 0.0499% |
| Price | 49.88 | |
| S1 | 49.86 | -0.0403% |
| S2 | 49.85 | -0.0704% |
| S3 | 49.69 | -0.381% |
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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