WisdomTree Japan Hedged SmallCap Equity ETF Forecast
WisdomTree Japan Hedged SmallCap Equity ETF downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)
The WisdomTree Japan Hedged SmallCap Equity ETF price fell by -0.92% on the last day (Thursday, 28th Mar 2024) from $33.80 to $33.49. During the last trading day the ETF fluctuated 1.26% from a day low at $33.37 to a day high of $33.79. The price has risen in 6 of the last 10 days and is up by 3.14% over the past 2 weeks. Volume has increased on the last day by 14 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 20 thousand shares were bought and sold for approximately $672.68 thousand.
The ETF lies in the middle of a narrow and strong 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 11.57% during the next 3 months and, with a 90% probability hold a price between $36.68 and $38.15 at the end of this 3-month period.
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DXJS Signals & Forecast
The WisdomTree Japan Hedged SmallCap Equity ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $33.71. On a fall, the ETF will find some support from the long-term average at approximately $32.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -1.06%. Further fall is indicated until a new bottom pivot has been found. WisdomTree Japan Hedged SmallCap Equity gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The ETF had a Golden Star Signal on Wednesday, December 27, 2023 in the long-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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, December 27, 2023 in the long-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 Japan Hedged SmallCap Equity ETF
WisdomTree Japan Hedged SmallCap Equity finds support from accumulated volume at $32.12 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 $0.420 between high and low, or 1.26%. For the last week the ETF has had daily average volatility of 0.737%.
Our recommended stop-loss: $32.43 (-3.16%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (DXJS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect WisdomTree Japan Hedged SmallCap Equity Fund to open at $33.55, and during the day (based on 14 day Average True Range), to move between $33.15 and $33.83, which gives a possible trading interval of +/-$0.345 (+/-1.03%) up or down from last closing price. If WisdomTree Japan Hedged SmallCap Equity Fund takes out the full calculated possible swing range there will be an estimated 2.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.50 (0.03%) than the support at $32.12 (4.09%), 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 Japan Hedged SmallCap Equity Fund ETF A Buy?
WisdomTree Japan Hedged SmallCap Equity 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: -0.138 Hold/Accumulate Downgraded
Predicted Opening Price for WisdomTree Japan Hedged SmallCap Equity Fund of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$33.55 ( 0.180%) | $33.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DXJS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 33.97 | 1.43 % | |
R2 | 33.81 | 0.95 % | ||
R1 | 33.71 | 0.658 % | ||
Current price: | 33.49 | |||
Support | S1 | 33.39 | -0.299 % | |
S2 | 33.29 | -0.595 % | ||
S3 | 33.13 | -1.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 33.83 | 1.02 % | |
R2 | 33.74 | 0.746 % | ||
R1 | 33.50 | 0.0299 % | ||
Current price | 33.49 | |||
Support | S1 | 32.12 | -4.09% | |
S2 | 31.27 | -6.63% | ||
S3 | 31.01 | -7.41% |
DXJS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | Mar 22, 2024 | Mar 27, 2024 | $0.250 | 0.740% |
2 | Dec 22, 2023 | Dec 22, 2023 | Dec 28, 2023 | $0.340 | 1.14% |
3 | Jun 23, 2023 | Jun 26, 2023 | Jun 29, 2023 | $0.445 | 1.68% |
4 | Mar 24, 2023 | Mar 27, 2023 | Mar 30, 2023 | $0.490 | 2.05% |
5 | May 10, 2023 | Dec 23, 2022 | Dec 12, 2022 | $0.561 | 2.45% |
FAQ
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