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Archive
- 7/17/2026 -
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WisdomTree Emerging Markets Local Debt Fund (ELD) Technical Analysis
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| Summary:
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| | It was the negative week for the WisdomTree Emerging Markets Local Debt Fund (ELD). During the week, the ELD dropped -0.35 points, or -1.21%, and closed at 28.59 on Friday, July 17, 2026. Weekly volume was -62% below average.
 Long-term trend: [See ELD long-term trend chart]
A long-term uptrend had started on October 31, 2022 at 23.79 and reached 30.29 on February 19, 2026. ELD gained -6.50 points, or -27.32%, in 172 weeks. The chart has formed a Rectangle chart pattern. The price is near the trend resistance line (28.42). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See ELD medium-term trend chart]
A medium-term uptrend had started on July 8, 2024 at 25.00 and reached 30.29 on February 19, 2026. ELD gained -5.29 points, or -21.16%, in 84 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 25.23 and resistance is at 30.84. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ELD weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 27, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See ELD short-term trend chart]
A short-term downtrend had started on April 17, 2026 at 29.55 and reached 28.05 on June 8, 2026. ELD lost 1.50 points, or 5.08%, in 52 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (28.74) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support in a short-term trend.
Daily Technical Indicators: [See ELD daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 7, 2026. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (28.55) comes close to the price (28.59). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price touches the lower 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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