Wisdomtree Artificial Intelligence And ETF Forecast
Wisdomtree Artificial Intelligence And ETF price down 1.11% on Friday
(Updated on May 31, 2024)
The Wisdomtree Artificial Intelligence And ETF price fell by -1.11% on the last day (Friday, 31st May 2024) from $19.85 to $19.63. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 2.80% from a day low at $19.27 to a day high of $19.81. The price has fallen in 5 of the last 10 days and is down by -3.44% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -822 thousand shares and in total, 159 thousand shares were bought and sold for approximately $3.13 million.
The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -5.24% during the next 3 months and, with a 90% probability hold a price between $17.00 and $19.41 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WTAI Signals & Forecast
There are few to no technical positive signals at the moment. The Wisdomtree Artificial Intelligence And 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 $20.20 and $19.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -4.43%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Wisdomtree Artificial Intelligence And ETF
Wisdomtree Artificial Intelligence And finds support from accumulated volume at $19.10 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 $0.540 between high and low, or 2.80%. For the last week the ETF has had daily average volatility of 1.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WTAI) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Wisdomtree Artificial Intelligence And Innovation Fund to open at $19.57, and during the day (based on 14 day Average True Range), to move between $19.28 and $19.98, which gives a possible trading interval of +/-$0.350 (+/-1.78%) up or down from last closing price. If Wisdomtree Artificial Intelligence And Innovation Fund takes out the full calculated possible swing range there will be an estimated 3.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.85 (1.12%) than the support at $19.10 (2.70%), 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 Artificial Intelligence And Innovation Fund ETF A Buy?
Wisdomtree Artificial Intelligence And holds several negative signals and is within a wide 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.
Current score: -4.643 Sell Candidate Unchanged
Predicted Opening Price for Wisdomtree Artificial Intelligence And Innovation Fund of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $19.57 ( 0.306%) | $19.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTAI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.11 | 2.45 % | |
| R2 | 19.90 | 1.39 % | ||
| R1 | 19.78 | 0.745 % | ||
| Current price: | 19.63 | |||
| Support | S1 | 19.36 | -1.36 % | |
| S2 | 19.24 | -2.01 % | ||
| S3 | 19.03 | -3.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.31 | 8.56 % | |
| R2 | 20.33 | 3.57 % | ||
| R1 | 19.85 | 1.12 % | ||
| Current price | 19.63 | |||
| Support | S1 | 19.10 | -2.70% | |
| S2 | 18.97 | -3.36% | ||
| S3 | 18.47 | -5.91% |
WTAI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0030 | 0.0143% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.0250 | 0.121% |
| 3 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | $0.0210 | 0.110% |
| 4 | Dec 22, 2022 | Dec 23, 2022 | Dec 29, 2022 | $0.0310 | 0.218% |
FAQ
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