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Archive
- 5/23/2025 -
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WisdomTree Emerging Markets Local Debt Fund (ELD) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the WisdomTree Emerging Markets Local Debt Fund (ELD). During the week, the ELD gained 0.47 points, or 1.73%, and closed at 27.56 on Friday, May 23, 2025. It was the best weekly gain since January 24, 2025. Weekly volume was -7% below average.
 Long-term trend: [See ELD long-term trend chart]
A long-term downtrend had started on September 27, 2024 at 28.40 and reached 25.06 on January 13, 2025. ELD lost 3.34 points, or 11.76%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (25.24) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ELD may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See ELD medium-term trend chart]
A medium-term uptrend had started on January 13, 2025 at 25.06 and reached 27.64 on May 23, 2025. ELD gained -2.58 points, or -10.30%, in 18 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See ELD weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 14, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See ELD short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 25.18 and reached 27.64 on May 23, 2025. ELD gained -2.46 points, or -9.77%, in 44 days. The chart has formed a Rising Wedge chart pattern.
Daily Technical Indicators: [See ELD daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since April 14, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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