Wisdomtree Enhanced Commodity Ucits Etf ETF Forecast

Wisdomtree Enhanced Commodity Ucits Etf ETF price ended at £1,065.00 on Wednesday, after losing 0.234%.
(Updated on Jun 19, 2024)

WCOG.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 1.14%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wisdomtree Enhanced Commodity Ucits Etf ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £1,077.19. On a fall, the ETF will find some support from the short-term average at £1,063.50. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF 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.

Support, Risk & Stop-loss for Wisdomtree Enhanced Commodity Ucits Etf ETF

Wisdomtree Enhanced Commodity Ucits Etf finds support from accumulated volume at £1,035.50 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 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 ETF During the last day, the ETF moved £0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.443%

Our recommended stop-loss: £1,003.33 (-5.79%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 45 days ago.)

Trading Expectations (WCOG.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Wisdomtree Enhanced Commodity Ucits Etf - Usd to open at £1,065.00, and during the day (based on 14 day Average True Range), to move between £1,056.31 and £1,073.69, which gives a possible trading interval of +/-£8.69 (+/-0.82%) up or down from last closing price. If Wisdomtree Enhanced Commodity Ucits Etf - Usd takes out the full calculated possible swing range there will be an estimated 1.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £1,065.25 (0.02%) than the support at £1,035.50 (2.77%), 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 Enhanced Commodity Ucits Etf - Usd 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 Enhanced Commodity Ucits Etf ETF to perform well in the short-term period.

Current score: 1.029 Buy Candidate Unchanged

Predicted Opening Price for Wisdomtree Enhanced Commodity Ucits Etf - Usd of Thursday, June 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.