WisdomTree Emerging Markets ETF Forecast
WisdomTree Emerging Markets ETF upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The WisdomTree Emerging Markets ETF price gained 2.80% on the last trading day (Thursday, 2nd May 2024), rising from $29.27 to $30.09. During the last trading day the ETF fluctuated 1.79% from a day low at $29.63 to a day high of $30.16. The price has risen in 7 of the last 10 days and is up by 5.65% over the past 2 weeks. Volume fell on the last day by -73 thousand shares and in total, 122 thousand shares were bought and sold for approximately $3.68 million. 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 upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $30.21 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.99% during the next 3 months and, with a 90% probability hold a price between $29.26 and $31.12 at the end of this 3-month period.
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XSOE Signals & Forecast
Mostly positive signals in the chart today. The WisdomTree Emerging Markets 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 $29.37 and $29.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for WisdomTree Emerging Markets ETF
WisdomTree Emerging Markets finds support from accumulated volume at $29.44 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 $0.530 between high and low, or 1.79%. For the last week the ETF has had daily average volatility of 0.96%.
Our recommended stop-loss: $28.96 (-3.77%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (XSOE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect WisdomTree Emerging Markets ex-State-Owned Enterprises Fund to open at $29.96, and during the day (based on 14 day Average True Range), to move between $29.72 and $30.46, which gives a possible trading interval of +/-$0.365 (+/-1.21%) up or down from last closing price. If WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 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.
With no resistance above and support from accumulated volume @ $29.44, some $0.650 (2.16%) from the current price of $30.09, our system finds the risk reward attractive.
Is WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 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 ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.722 Buy Candidate Upgraded
Predicted Opening Price for WisdomTree Emerging Markets ex-State-Owned Enterprises Fund of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $29.96 ( 0.443%) | $30.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XSOE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.49 | 1.32 % | |
| R2 | 30.28 | 0.645 % | ||
| R1 | 30.16 | 0.230 % | ||
| Current price: | 30.09 | |||
| Support | S1 | 29.75 | -1.12 % | |
| S2 | 29.63 | -1.53 % | ||
| S3 | 29.43 | -2.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 30.09 | |||
| Support | S1 | 29.44 | -2.16% | |
| S2 | 28.99 | -3.66% | ||
| S3 | 28.17 | -6.38% |
XSOE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 16, 2022 | Dec 22, 2023 | Dec 28, 2023 | $0.175 | 0.606% |
| 2 | Dec 16, 2022 | Jun 26, 2023 | Jun 29, 2023 | $0.180 | 0.650% |
| 3 | Jan 07, 2022 | Sep 26, 2022 | Sep 29, 2022 | $0.225 | 0.91% |
| 4 | Jan 07, 2022 | Jun 24, 2022 | Jun 29, 2022 | $0.375 | 1.30% |
| 5 | Jan 07, 2022 | Mar 25, 2022 | Mar 30, 2022 | $0.0750 | 0.226% |
FAQ
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