The Greedy Trader Weekly Analysis
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- 10/16/2026 -
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WisdomTree Emerging Markets Local Debt Fund (ELD) Technical Analysis

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Summary:
Weekly :Trend resistance at 28.43
Daily :A Parabolic SAR indicator is above and near the priceThe price is close to the moving average in the center of the Bollinger Bands
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It was a second positive week after 4 consecutive negative weeks for the WisdomTree Emerging Markets Local Debt Fund (ELD). During the week, the ELD climbed 0.05 points, or 0.18%, and closed at 28.13 on Friday, October 16, 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 (28.43). 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 25.26 and resistance is at 31.19. 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 September 11, 2026. 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 June 16, 2026 at 29.29 and reached 27.56 on October 1, 2026. ELD lost 1.73 points, or 5.91%, in 107 days. The price is now at the 32.95% retracement level.

Daily Technical Indicators: [See ELD daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since October 7, 2026.

A Parabolic SAR (stop and reversal) indicator (27.85) comes close to the price (28.13). 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 is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.54
Williams' Percentage Range (W%R) 41.50
Lane's Stochastic (%D-Slow) 77.13
Greed/Fear Indicator (GFI) 66.73
Moving Average Converg./Diverg. (MACD) -0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.90
Williams' Percentage Range (W%R) 63.20
Lane's Stochastic (%D-Slow) 22.79
Greed/Fear Indicator (GFI) 35.78
Moving Average Converg./Diverg. (MACD) -0.07
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 31.19
Upper Bollinger Band 28.63
50 Day Moving Average 28.54
Yearly Trendline Resistance 28.43
Daily Stochastic Crossing 28.14
Price 28.13
20 Day Moving Average 28.07
Weekly Stochastic Crossing 27.93
Parabolic System 27.85
Lower Bollinger Band 27.69
Quarterly Trendline Support 25.26
Yearly Trendline Support 25.06
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 29.29
High Date 06/16/2026
Low 27.56
Low Date 10/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.12
High Date 02/23/2026
Low 27.12
Low Date 03/03/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.29
High Date 02/19/2026
Low 27.12
Low Date 03/03/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 31.19
Support 25.26
Low 25.00
Low Date 07/08/2024
High 30.29
High Date 02/19/2026
Description Value
Direction Up
Chart Pattern Rectangle
Status Test Resistance
Resistance 28.43
Support 25.06
Low 23.79
Low Date 10/31/2022
High 30.29
High Date 02/19/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.