WisdomTree Fundamental U.S. High Yield ETF Forecast

Evaluation of WisdomTree Fundamental U.S. High Yield ETF downgraded after the last trading session.
(Updated on May 24, 2024)

WFHY Signals & Forecast

There are few to no technical positive signals at the moment. The WisdomTree Fundamental U.S. High Yield ETF 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 $44.90 and $44.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -1.12%. Further fall is indicated until a new bottom pivot has been found. 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 ETF had a Golden Star Signal on Tuesday, September 12, 2023 in the long-term chart.

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.

Support, Risk & Stop-loss for WisdomTree Fundamental U.S. High Yield ETF

WisdomTree Fundamental U.S. High Yield finds support from accumulated volume at $44.61 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 $0.100 between high and low, or 0.225%. For the last week the ETF has had daily average volatility of 0.236%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (WFHY) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect WisdomTree Fundamental U.S. High Yield Corporate Bond Fund to open at $44.58, and during the day (based on 14 day Average True Range), to move between $44.44 and $44.78, which gives a possible trading interval of +/-$0.174 (+/-0.39%) up or down from last closing price. If WisdomTree Fundamental U.S. High Yield Corporate Bond Fund takes out the full calculated possible swing range there will be an estimated 0.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $44.61 (0.01%) than the resistance at $44.74 (0.29%), 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 Fundamental U.S. High Yield Corporate Bond Fund ETF A Buy?

WisdomTree Fundamental U.S. High Yield 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 ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.606 Sell Candidate Downgraded

Predicted Opening Price for WisdomTree Fundamental U.S. High Yield Corporate Bond Fund of Tuesday, May 28, 2024

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