Wisdomtree Enhanced Commodity Ucits Etf ETF Forecast
Evaluation of Wisdomtree Enhanced Commodity Ucits Etf ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Wisdomtree Enhanced Commodity Ucits Etf ETF price fell by -0.0722% on the last day (Friday, 28th Jun 2024) from 13.84€ to 13.83€. During the last trading day the ETF fluctuated 0.651% from a day low at 13.83€ to a day high of 13.92€. The price has fallen in 6 of the last 10 days and is down by -0.27% 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 -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately 34.49€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Wisdomtree Enhanced Commodity Ucits Etf ETF with a 90% probability to be traded between 13.55€ and 14.14€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WTIC.F Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wisdomtree Enhanced Commodity Ucits Etf 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 13.85€ and 13.87€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.86%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Tuesday, May 21, 2024 and based on theory for this formation the price should fall by -4.46% to 13.22€ within 26 trading days since signal was issued (Wednesday, June 26, 2024).
Support, Risk & Stop-loss for Wisdomtree Enhanced Commodity Ucits Etf ETF
Wisdomtree Enhanced Commodity Ucits Etf finds support from accumulated volume at 13.82€ 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 0.0900€ between high and low, or 0.651%. For the last week the ETF has had daily average volatility of 0.507%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WTIC.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Wisdomtree Enhanced Commodity Ucits Etf - Usd Acc to open at 13.86€, and during the day (based on 14 day Average True Range), to move between 13.73€ and 13.93€, which gives a possible trading interval of +/-0.0993€ (+/-0.72%) up or down from last closing price. If Wisdomtree Enhanced Commodity Ucits Etf - Usd Acc takes out the full calculated possible swing range there will be an estimated 1.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 13.82€ (0.10%) than the resistance at 14.00€ (1.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wisdomtree Enhanced Commodity Ucits Etf - Usd Acc ETF A Buy?
Wisdomtree Enhanced Commodity Ucits Etf holds several negative signals and is within a narrow 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. 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 Sell candidate.
Current score: -3.222 Sell Candidate Downgraded
Predicted Opening Price for Wisdomtree Enhanced Commodity Ucits Etf - Usd Acc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 13.86€ ( 0.217%) | 13.83€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTIC.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.95 | 0.87% |
| R2 | 13.92 | 0.619% |
| R1 | 13.90 | 0.465% |
| Price | 13.83 | |
| S1 | 13.83 | -0.0317% |
| S2 | 13.81 | -0.185% |
| S3 | 13.77 | -0.434% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.06 | 1.63% |
| R2 | 14.05 | 1.56% |
| R1 | 14.00 | 1.20% |
| Price | 13.83 | |
| S1 | 13.82 | -0.101% |
| S2 | 13.77 | -0.463% |
| S3 | 13.58 | -1.84% |
FAQ
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