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Advanced TA SearchArchive
- 5/10/2024 -
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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 -0.03 points, or -0.11%, and closed at 26.85 on Friday, May 10, 2024. Weekly volume was -66% 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 28.59 on July 27, 2023. ELD gained -4.80 points, or -20.18%, in 38 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See ELD medium-term trend chart]
A medium-term downtrend had started on December 28, 2023 at 28.18 and reached 26.23 on April 29, 2024. ELD lost 1.95 points, or 6.92%, in 17 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 26.12 and resistance is at 27.54. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending 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 March 22, 2024. This is an indication that the medium-term trend is down. 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 29, 2024 at 26.23 and reached 27.06 on May 10, 2024. ELD gained -0.83 points, or -3.16%, in 11 days. Price is near the Fibonacci 23.6% retracement level.
 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. 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 daily MACD line is above its signal line since May 2, 2024. This is an indication that the short-term trend is up.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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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