Wisdomtree Eurozone Quality Dividend ETF Forecast

Green day on Friday for Wisdomtree Eurozone Quality Dividend
(Updated on Jun 21, 2024)

WTIM.F Signals & Forecast

Wisdomtree Eurozone Quality Dividend 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. The Wisdomtree Eurozone Quality 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 25.50€ and 25.63€. 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 06, 2024, and so far it has fallen -2.62%. 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). The ETF had a Golden Star Signal on Friday, May 03, 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 Eurozone Quality Dividend ETF

Wisdomtree Eurozone Quality Dividend finds support from accumulated volume at 25.07€ 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 0.195€ between high and low, or 0.767%. For the last week the ETF has had daily average volatility of 0.433%.

Our recommended stop-loss: 24.36€ (-4.22%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (WTIM.F) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Wisdomtree Eurozone Quality Dividend Growth Ucits Etf to open at 25.50€, and during the day (based on 14 day Average True Range), to move between 25.22€ and 25.64€, which gives a possible trading interval of +/-0.206€ (+/-0.81%) up or down from last closing price. If Wisdomtree Eurozone Quality Dividend Growth Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 25.72€ (1.14%) than the support at 25.07€ (1.42%), 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 Eurozone Quality Dividend Growth Ucits Etf ETF A Buy?

Wisdomtree Eurozone Quality Dividend holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.135 Hold/Accumulate Unchanged

Predicted Opening Price for Wisdomtree Eurozone Quality Dividend Growth Ucits Etf of Monday, June 24, 2024

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