Dimensional U.s. Small Cap Etf ETF Forecast
Dimensional U.s. Small Cap Etf ETF upgraded to Buy Candidate.
(Updated on Jun 17, 2024)
The Dimensional U.s. Small Cap Etf ETF price gained 1.08% on the last trading day (Monday, 17th Jun 2024), rising from $59.07 to $59.71. During the last trading day the ETF fluctuated 1.60% from a day low at $58.77 to a day high of $59.71. The price has fallen in 6 of the last 10 days and is down by -2.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 90 thousand more shares were traded than the day before. In total, 306 thousand shares were bought and sold for approximately $18.28 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Dimensional U.s. Small Cap Etf ETF with a 90% probability to be traded between $58.04 and $63.07 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DFAS Signals & Forecast
The Dimensional U.s. Small Cap Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $59.90 and $60.69. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.08%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -8.66% to $54.54 within 33 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Dimensional U.s. Small Cap Etf ETF
Dimensional U.s. Small Cap Etf finds support from accumulated volume at $58.52 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 $0.94 between high and low, or 1.60%. For the last week the ETF has had daily average volatility of 1.41%.
Our recommended stop-loss: $56.06 (-6.12%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (DFAS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Dimensional U.s. Small Cap Etf to open at $59.40, and during the day (based on 14 day Average True Range), to move between $58.83 and $60.59, which gives a possible trading interval of +/-$0.88 (+/-1.48%) up or down from last closing price. If Dimensional U.s. Small Cap Etf takes out the full calculated possible swing range there will be an estimated 2.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $58.52 (1.99%) than the resistance at $61.01 (2.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dimensional U.s. Small Cap Etf ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.291 Buy Candidate Upgraded
Predicted Opening Price for Dimensional U.s. Small Cap Etf of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $59.40 ( 0.525%) | $59.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFAS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 60.34 | 1.05% |
| R2 | 59.98 | 0.448% |
| R1 | 59.76 | 0.0766% |
| Price | 59.71 | |
| S1 | 59.04 | -1.13% |
| S2 | 58.82 | -1.50% |
| S3 | 58.46 | -2.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 62.02 | 3.87% |
| R2 | 61.13 | 2.38% |
| R1 | 61.01 | 2.18% |
| Price | 59.71 | |
| S1 | 58.52 | -1.99% |
| S2 | 57.98 | -2.90% |
| S3 | 57.47 | -3.75% |
DFAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 05, 2024 | Mar 19, 2024 | Mar 22, 2024 | $0.0961 | 0.158% |
| 2 | Jan 20, 2023 | Dec 19, 2023 | Dec 22, 2023 | $0.170 | 0.283% |
| 3 | Jan 20, 2023 | Sep 19, 2023 | Sep 22, 2023 | $0.159 | 0.305% |
| 4 | Jan 20, 2023 | Jun 21, 2023 | Jun 26, 2023 | $0.162 | 0.306% |
| 5 | Jan 20, 2023 | Mar 21, 2023 | Mar 24, 2023 | $0.103 | 0.203% |
FAQ
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