WisdomTree Emerging Markets Local Debt Fund (ELD)
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|It was the negative week for the WisdomTree Emerging Markets Local Debt Fund (ELD). During the week, the ELD dropped -0.52 points, or -1.68%, and closed at 30.35 on Friday, November 19, 2021. It was the worst weekly loss since June 18, 2021. Weekly volume was -12% below average. |
Long-term trend: [See ELD long-term trend chart]
A long-term downtrend had started on February 11, 2021 at 34.61 and reached 30.29 on November 18, 2021. ELD lost 4.32 points, or 12.48%, in 40 weeks. Price is near the trend low.
Medium-term trend: [See ELD medium-term trend chart]
A medium-term downtrend had started on June 9, 2021 at 33.56 and reached 30.29 on November 18, 2021. ELD lost 3.27 points, or 9.74%, in 23 weeks. Price is near the trend low.
Weekly Technical Indicators: [See ELD weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 below its signal line since July 31, 2020. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 9, 2021 at 31.23 and reached 30.29 on November 18, 2021. ELD lost 0.94 points, or 3.01%, in 9 days. The price is now at the 6.38% retracement level.
Daily Technical Indicators: [See ELD daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.