Wisdomtree Emerging Markets Smallcap ETF Forecast

Green day on Friday for Wisdomtree Emerging Markets Smallcap
(Updated on Jun 28, 2024)

WTED.F Signals & Forecast

The Wisdomtree Emerging Markets Smallcap ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 19.27€ and 19.04€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Wisdomtree Emerging Markets Smallcap 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 Friday, June 21, 2024, and so far it has fallen -0.473%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Thursday, June 06, 2024 in the short-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 Emerging Markets Smallcap ETF

Wisdomtree Emerging Markets Smallcap finds support from accumulated volume at 19.00€ 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 0.156€ between high and low, or 0.81%. For the last week the ETF has had daily average volatility of 0.705%.

Our recommended stop-loss: 18.61€ (-3.84%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (WTED.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Wisdomtree Emerging Markets Smallcap Dividend Ucits Etf to open at 19.34€, and during the day (based on 14 day Average True Range), to move between 19.17€ and 19.55€, which gives a possible trading interval of +/-0.190€ (+/-0.98%) up or down from last closing price. If Wisdomtree Emerging Markets Smallcap Dividend Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 19.40€ (0.20%) than the support at 19.00€ (1.87%), 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 Emerging Markets Smallcap Dividend Ucits Etf ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Wisdomtree Emerging Markets Smallcap ETF to perform well in the short-term.

Current score: 2.399 Buy Candidate Unchanged

Predicted Opening Price for Wisdomtree Emerging Markets Smallcap Dividend Ucits Etf of Monday, July 1, 2024

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