Wisdomtree Us Quality Dividend Growth ETF Forecast

Green day on Wednesday for Wisdomtree Us Quality Dividend Growth
(Updated on Jun 26, 2024)

WTDM.F Signals & Forecast

The Wisdomtree Us Quality Dividend Growth ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 42.42€. On a fall, the ETF will find some support from the long-term average at approximately 40.99€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Wisdomtree Us Quality Dividend Growth has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.576%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Wisdomtree Us Quality Dividend Growth ETF

Wisdomtree Us Quality Dividend Growth finds support from accumulated volume at 41.74€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.135€ (0.319%) between high and low. For the last week, the ETF has had daily average volatility of 0.413%.

The Wisdomtree Us Quality Dividend Growth ETF is extremely overbought on RSI14 (85). This increases the short-term risk substantially.

Our recommended stop-loss: 40.89€ (-3.32%) (This ETF has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (WTDM.F) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Wisdomtree Us Quality Dividend Growth Ucits Etf to open at 42.32€, and during the day (based on 14 day Average True Range), to move between 42.03€ and 42.57€, which gives a possible trading interval of +/-0.272€ (+/-0.64%) up or down from last closing price. If Wisdomtree Us Quality Dividend Growth Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 42.43€ (0.31%) than the support at 41.74€ (1.34%), 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 Us Quality Dividend Growth Ucits Etf ETF A Buy?

Wisdomtree Us Quality Dividend Growth holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.109 Hold/Accumulate Unchanged

Predicted Opening Price for Wisdomtree Us Quality Dividend Growth Ucits Etf of Thursday, June 27, 2024

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