DXJ Forecast + Trading Strategies


Bullish Case: DXJ's mean-reverting behavior and controlled volatility, combined with a strong long-term performance, provide a favorable outlook. The recent price above the 50-day moving average suggests continued momentum.


Bearish Case: The flat term structure and low trading volume indicate potential market complacency, posing a risk of short-term corrections or stagnation.


Potential Outcomes:

1. Continued gradual upside to $115 (+3.6%), 55%.

2. Minor pullback to $108 (-2.7%), 30%.

3. Range-bound between $108-$112, 15%. Predictions based on recent trends, term structure, and trading volume.


Trading Oracle: Sign Up to access trading oracle trade ideas.


June 27, 2024


WisdomTree Japan Hedged Equity Forecast

DXJ      WisdomTree Japan Hedged Equity











Correlated Assets

Assets that tend to move strongly with DXJ



VST Forecast + Options Trading Strategies   VST  Vistra (0.96)


VRT Forecast + Options Trading Strategies   VRT  Vertiv (0.95)


CB Forecast + Options Trading Strategies   CB  Chubb (0.95)


MMYT Forecast + Options Trading Strategies   MMYT  MakeMyTrip (0.95)


CASY Forecast + Options Trading Strategies   CASY  Casey's General Stores (0.95)



Uncorrelated Assets

Assets with little price relationship to DXJ



EOG Forecast + Options Trading Strategies   EOG  EOG Resources (0.0)


KEYS Forecast + Options Trading Strategies   KEYS  Keysight (-0.0)


VIPS Forecast + Options Trading Strategies   VIPS  Vipshop (0.01)


AES Forecast + Options Trading Strategies   AES  AES (-0.01)


NVO Forecast + Options Trading Strategies   NVO  Novo Nordisk (0.01)



Anticorrelated Assets

Assets that tend to move strongly against DXJ



LAZR Forecast + Options Trading Strategies   LAZR  Luminar (-0.93)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.94)


MED Forecast + Options Trading Strategies   MED  Medifast (-0.94)


PRTA Forecast + Options Trading Strategies   PRTA  Prothena (-0.94)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.94)





Become a more profitable investor with AI optimized trading strategies






×

Chat with DXJ


 Ask any question about DXJ!