Dimensional International Core Equity ETF Forecast
Dimensional International Core Equity ETF price up 0.95% on Wednesday
(Updated on May 15, 2024)
The Dimensional International Core Equity ETF price gained 0.95% on the last trading day (Wednesday, 15th May 2024), rising from $30.58 to $30.87. During the last trading day the ETF fluctuated 0.784% from a day low at $30.63 to a day high of $30.87. The price has risen in 8 of the last 10 days and is up by 5.65% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 636 thousand shares were bought and sold for approximately $19.62 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $30.62, a level that may pose a second chance to hit a runner. According to fan-theory $32.11 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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DFAI Signals & Forecast
The Dimensional International Core Equity ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $30.40 and $29.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 6.71%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for Dimensional International Core Equity ETF
Dimensional International Core Equity finds support from accumulated volume at $30.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.240 between high and low, or 0.784%. For the last week the ETF has had daily average volatility of 0.538%.
The Dimensional International Core Equity ETF is extremely overbought on RSI14 (80). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.
Our recommended stop-loss: $29.40 (-4.77%) (This ETF has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (DFAI) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Dimensional International Core Equity Market ETF to open at $30.79, and during the day (based on 14 day Average True Range), to move between $30.60 and $31.14, which gives a possible trading interval of +/-$0.266 (+/-0.86%) up or down from last closing price. If Dimensional International Core Equity Market ETF takes out the full calculated possible swing range there will be an estimated 1.73% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $30.58, some $0.290 (0.94%) from the current price of $30.87, our system finds the risk reward attractive.
Is Dimensional International Core Equity Market ETF ETF A Buy?
Dimensional International Core Equity holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Dimensional International Core Equity Market ETF of Thursday, May 16, 2024
Fair opening price May 16, 2024 | Current price |
---|---|
$30.79 ( 0.259%) | $30.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFAI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 31.03 | 0.518 % | |
R2 | 30.94 | 0.221 % | ||
R1 | 30.88 | 0.0378 % | ||
Current price: | 30.87 | |||
Support | S1 | 30.70 | -0.556 % | |
S2 | 30.64 | -0.740 % | ||
S3 | 30.55 | -1.04 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 30.87 | |||
Support | S1 | 30.58 | -0.94% | |
S2 | 30.38 | -1.59% | ||
S3 | 29.85 | -3.30% |
DFAI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 19, 2024 | Mar 19, 2024 | Mar 22, 2024 | $0.0482 | 0.160% |
2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.172 | 0.610% |
3 | Jan 20, 2023 | Sep 19, 2023 | Sep 22, 2023 | $0.140 | 0.529% |
4 | Jan 20, 2023 | Jun 21, 2023 | Jun 26, 2023 | $0.355 | 1.32% |
5 | Jan 20, 2023 | Mar 21, 2023 | Mar 24, 2023 | $0.0900 | 0.347% |
FAQ
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