Wisdomtree Europe Smallcap Dividend ETF Forecast
Weaker technical forecast for Wisdomtree Europe Smallcap Dividend as ETF downgraded to Sell Candidate.
(Updated on Jun 27, 2024)
The Wisdomtree Europe Smallcap Dividend ETF price gained 0.248% on the last trading day (Thursday, 27th Jun 2024), rising from 20.15€ to 20.20€. During the last trading day the ETF fluctuated 1.09% from a day low at 20.14€ to a day high of 20.36€. The price has risen in 6 of the last 10 days but is still down by -0.35% for this period. Volume fell on the last day by -1 shares and in total, 4 shares were bought and sold for approximately 80.80€ . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 20.10€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 8.40% during the next 3 months and, with a 90% probability hold a price between 21.79€ and 23.14€ at the end of this 3-month period.
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WTD7.F Signals & Forecast
There are few to no technical positive signals at the moment. The Wisdomtree Europe Smallcap Dividend ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 20.31€ and 20.46€. 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 03, 2024, and so far it has fallen -3.21%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wisdomtree Europe Smallcap Dividend ETF
Wisdomtree Europe Smallcap Dividend finds support from accumulated volume at 19.33€ 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 0.220€ between high and low, or 1.09%. For the last week the ETF has had daily average volatility of 1.01%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WTD7.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Wisdomtree Europe Smallcap Dividend Ucits Etf to open at 20.23€, and during the day (based on 14 day Average True Range), to move between 20.01€ and 20.39€, which gives a possible trading interval of +/-0.193€ (+/-0.96%) up or down from last closing price. If Wisdomtree Europe Smallcap Dividend Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 20.27€ (0.35%) than the support at 19.33€ (4.31%), 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 Europe Smallcap Dividend Ucits Etf ETF A Buy?
The Wisdomtree Europe Smallcap Dividend ETF holds several negative signals and despite the positive trend, we believe Wisdomtree Europe Smallcap Dividend will perform weakly in the next couple of days or weeks. Therefore, we 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: -3.041 Sell Candidate Downgraded
Predicted Opening Price for Wisdomtree Europe Smallcap Dividend Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 20.23€ ( 0.149%) | 20.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTD7.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.45 | 1.24% |
| R2 | 20.37 | 0.82% |
| R1 | 20.31 | 0.565% |
| Price | 20.20 | |
| S1 | 20.15 | -0.268% |
| S2 | 20.09 | -0.525% |
| S3 | 20.01 | -0.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.53 | 1.63% |
| R2 | 20.36 | 0.792% |
| R1 | 20.27 | 0.347% |
| Price | 20.20 | |
| S1 | 19.33 | -4.31% |
| S2 | 19.24 | -4.75% |
| S3 | 18.99 | -5.99% |
FAQ
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