Dimensional U.S. Targeted Value ETF Forecast
Dimensional U.S. Targeted Value ETF downgraded to Hold/Accumulate
(Updated on Apr 19, 2024)
The Dimensional U.S. Targeted Value ETF price gained 0.97% on the last trading day (Friday, 19th Apr 2024), rising from $50.33 to $50.82. During the last trading day the ETF fluctuated 1.27% from a day low at $50.27 to a day high of $50.91. The price has been going up and down for this period, and there has been a -4.49% loss for the last 2 weeks. Volume fell on the last day by -275 thousand shares and in total, 211 thousand shares were bought and sold for approximately $10.71 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 lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $50.23 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 3.06% during the next 3 months and, with a 90% probability hold a price between $51.77 and $56.50 at the end of this 3-month period.
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DFAT Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.28%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dimensional U.S. Targeted Value 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 $50.95 and $52.35. 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).
Support, Risk & Stop-loss for Dimensional U.S. Targeted Value ETF
Dimensional U.S. Targeted Value finds support from accumulated volume at $50.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.640 (1.27%) between high and low. For the last week, the ETF has had daily average volatility of 1.66%.
Our recommended stop-loss: $48.01 (-5.52%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (DFAT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Dimensional U.S. Targeted Value ETF to open at $50.67, and during the day (based on 14 day Average True Range), to move between $50.01 and $51.63, which gives a possible trading interval of +/-$0.81 (+/-1.60%) up or down from last closing price. If Dimensional U.S. Targeted Value ETF takes out the full calculated possible swing range there will be an estimated 3.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.60 (0.43%) than the resistance at $51.42 (1.18%), 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. Targeted Value ETF ETF A Buy?
Dimensional U.S. Targeted Value holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.643 Hold/Accumulate Downgraded
Predicted Opening Price for Dimensional U.S. Targeted Value ETF of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $50.67 ( 0.302%) | $50.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFAT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.31 | 0.96 % | |
| R2 | 51.06 | 0.477 % | ||
| R1 | 50.91 | 0.179 % | ||
| Current price: | 50.82 | |||
| Support | S1 | 50.42 | -0.783 % | |
| S2 | 50.27 | -1.08 % | ||
| S3 | 50.03 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.56 | 5.39 % | |
| R2 | 51.87 | 2.07 % | ||
| R1 | 51.42 | 1.18 % | ||
| Current price | 50.82 | |||
| Support | S1 | 50.60 | -0.433% | |
| S2 | 50.33 | -0.96% | ||
| S3 | 50.18 | -1.26% |
DFAT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 19, 2024 | Mar 19, 2024 | Mar 22, 2024 | $0.106 | 0.200% |
| 2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.201 | 0.384% |
| 3 | Jan 20, 2023 | Sep 19, 2023 | Sep 22, 2023 | $0.175 | 0.386% |
| 4 | Jan 20, 2023 | Jun 21, 2023 | Jun 26, 2023 | $0.197 | 0.441% |
| 5 | Jan 20, 2023 | Mar 21, 2023 | Mar 24, 2023 | $0.127 | 0.297% |
FAQ
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