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Archive
- 11/15/2024 -
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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 the negative week for the WisdomTree Emerging Markets Local Debt Fund (ELD). During the week, the ELD gave back -0.22 points, or -0.83%, and closed at 26.18 on Friday, November 15, 2024. Weekly volume was -55% below average.
 Long-term trend: [See ELD long-term trend chart]
A long-term downtrend had started on July 27, 2023 at 28.59 and reached 25.00 on July 8, 2024. ELD lost 3.59 points, or 12.56%, in 49 weeks. The price is now at the 32.87% retracement level.
Medium-term trend: [See ELD medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 28.40 and reached 26.02 on November 4, 2024. ELD lost 2.38 points, or 8.38%, in 5 weeks. The price is now at the 6.72% retracement level.
 Weekly Technical Indicators: [See ELD weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since October 18, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 November 7, 2024 at 26.89 and reached 26.02 on November 14, 2024. ELD lost 0.87 points, or 3.24%, in 7 days. The price is now at the 18.39% retracement level.
Daily Technical Indicators: [See ELD daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
The daily MACD line is above its signal line since November 14, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
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