Wisdomtree Artificial Intelligence Ucits ETF Forecast
Wisdomtree Artificial Intelligence Ucits ETF downgraded to Hold/Accumulate
(Updated on Jul 04, 2024)
The Wisdomtree Artificial Intelligence Ucits ETF price gained 0.0336% on the last trading day (Thursday, 4th Jul 2024), rising from 59.55€ to 59.57€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.437% from a day low at 59.46€ to a day high of 59.72€. The price has risen in 6 of the last 10 days but is still down by -0.78% for this period. Volume fell on the last day by -1 thousand shares and in total, 3 thousand shares were bought and sold for approximately 190.33€ thousand. 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 middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 4.36% during the next 3 months and, with a 90% probability hold a price between 58.72€ and 63.19€ at the end of this 3-month period.
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WTI2.F Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -0.90%. 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 also not. The Wisdomtree Artificial Intelligence Ucits 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 59.14€ and 58.79€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Wisdomtree Artificial Intelligence Ucits ETF
Wisdomtree Artificial Intelligence Ucits finds support from accumulated volume at 58.18€ 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 0.260€ between high and low, or 0.437%. For the last week the ETF has had daily average volatility of 0.98%
Our recommended stop-loss: 57.15€ (-4.05%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 52 days ago.)
Trading Expectations (WTI2.F) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Wisdomtree Artificial Intelligence Ucits Etf to open at 59.58€, and during the day (based on 14 day Average True Range), to move between 58.85€ and 60.29€, which gives a possible trading interval of +/-0.724€ (+/-1.22%) up or down from last closing price. If Wisdomtree Artificial Intelligence Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 59.82€ (0.42%) than the support at 58.18€ (2.33%), 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 Ucits Etf ETF A Buy?
Wisdomtree Artificial Intelligence Ucits 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.514 Hold/Accumulate Downgraded
Predicted Opening Price for Wisdomtree Artificial Intelligence Ucits Etf of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| 59.58€ ( 0.0224%) | 59.57€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTI2.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 59.84 | 0.459% |
| R2 | 59.74 | 0.292% |
| R1 | 59.68 | 0.189% |
| Price | 59.57 | |
| S1 | 59.48 | -0.144% |
| S2 | 59.42 | -0.247% |
| S3 | 59.32 | -0.414% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 60.04 | 0.789% |
| R2 | 59.89 | 0.537% |
| R1 | 59.82 | 0.420% |
| Price | 59.57 | |
| S1 | 58.18 | -2.33% |
| S2 | 56.13 | -5.77% |
| S3 | 54.76 | -8.07% |
FAQ
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