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Archive - 4/17/2025 - Sign In to see current Signals. |
WisdomTree Emerging Markets Local Debt Fund (ELD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :   Move cursor over the icon to see details.
| | It was a second positive week after 3 consecutive negative weeks for the WisdomTree Emerging Markets Local Debt Fund (ELD). During the week, the ELD gained 0.33 points, or 1.25%, and closed at 26.66 on Thursday, April 17, 2025. ELD was trading at average weekly trading volume.
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 46.24% retracement level.
Medium-term trend: [See ELD medium-term trend chart] A medium-term uptrend had started on January 13, 2025 at 25.06 and reached 27.32 on March 17, 2025. ELD gained -2.26 points, or -9.02%, in 9 weeks. The price is now at the 29.20% retracement level.
Weekly Technical Indicators: [See ELD weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since February 14, 2025. This is an indication that the medium-term trend is up. 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 March 17, 2025 at 27.32 and reached 25.18 on April 9, 2025. ELD lost 2.14 points, or 7.83%, in 23 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See ELD daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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. During the last week, the 20 Day Moving Average 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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