Dimensional Etf Trust - Dimensional ETF Forecast

Evaluation of Dimensional Etf Trust - Dimensional ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)

DFCA Signals & Forecast

The Dimensional Etf Trust - Dimensional ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $50.16. On a fall, the ETF will find some support from the long-term average at approximately $50.05. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.398%. Further fall is indicated until a new bottom pivot has been found. Dimensional Etf Trust - Dimensional gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Dimensional Etf Trust - Dimensional ETF

Dimensional Etf Trust - Dimensional finds support from accumulated volume at $50.07 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 $0.0400 between high and low, or 0.0799%. For the last week the ETF has had daily average volatility of 0.112%.

Our recommended stop-loss: $48.59 (-2.98%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (DFCA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Dimensional Etf Trust - Dimensional California Municipal Bond Etf to open at $50.09, and during the day (based on 14 day Average True Range), to move between $49.98 and $50.18, which gives a possible trading interval of +/-$0.0984 (+/-0.20%) up or down from last closing price. If Dimensional Etf Trust - Dimensional California Municipal Bond Etf takes out the full calculated possible swing range there will be an estimated 0.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $50.07 (0.02%) than the resistance at $50.16 (0.16%), 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 Etf Trust - Dimensional California Municipal Bond Etf ETF A Buy?

Dimensional Etf Trust - Dimensional 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. 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: 0.625 Hold/Accumulate Downgraded

Predicted Opening Price for Dimensional Etf Trust - Dimensional California Municipal Bond Etf of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.