Dimensional Core Fixed Income Etf ETF Forecast
Dimensional Core Fixed Income Etf ETF upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The Dimensional Core Fixed Income Etf ETF price gained 0.411% on the last trading day (Tuesday, 2nd Jul 2024), rising from $41.34 to $41.51. During the last trading day the ETF fluctuated 0.202% from a day low at $41.45 to a day high of $41.53. The price has fallen in 6 of the last 10 days and is down by -0.79% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 501 thousand shares were bought and sold for approximately $20.79 million.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $41.36 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Dimensional Core Fixed Income Etf ETF with a 90% probability to be traded between $41.75 and $42.55 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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DFCF Signals & Forecast
The Dimensional Core Fixed Income Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $41.63 and $41.60. 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 Monday, July 01, 2024, and so far it has risen 0.411%. 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.
Support, Risk & Stop-loss for Dimensional Core Fixed Income Etf ETF
Dimensional Core Fixed Income Etf finds support from accumulated volume at $41.38 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 $0.0836 between high and low, or 0.202%. For the last week the ETF has had daily average volatility of 0.285%.
Our recommended stop-loss: $39.03 (-5.99%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (DFCF) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Dimensional Core Fixed Income Etf to open at $41.50, and during the day (based on 14 day Average True Range), to move between $41.35 and $41.67, which gives a possible trading interval of +/-$0.165 (+/-0.40%) up or down from last closing price. If Dimensional Core Fixed Income Etf takes out the full calculated possible swing range there will be an estimated 0.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $41.38 (0.31%) than the resistance at $41.80 (0.70%), 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 Core Fixed Income 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: 2.652 Buy Candidate Upgraded
Predicted Opening Price for Dimensional Core Fixed Income Etf of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $41.50 ( 0.0352%) | $41.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFCF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.58 | 0.166% |
| R2 | 41.55 | 0.0893% |
| R1 | 41.53 | 0.0418% |
| Price | 41.51 | |
| S1 | 41.46 | -0.112% |
| S2 | 41.44 | -0.160% |
| S3 | 41.41 | -0.237% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.83 | 0.771% |
| R2 | 41.82 | 0.747% |
| R1 | 41.80 | 0.699% |
| Price | 41.51 | |
| S1 | 41.38 | -0.313% |
| S2 | 41.34 | -0.410% |
| S3 | 41.28 | -0.554% |
DFCF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 04, 2024 | May 21, 2024 | May 24, 2024 | $0.186 | 0.450% |
| 2 | Jan 04, 2024 | Apr 16, 2024 | Apr 19, 2024 | $0.173 | 0.423% |
| 3 | Jan 04, 2024 | Mar 19, 2024 | Mar 22, 2024 | $0.129 | 0.308% |
| 4 | Jan 04, 2024 | Feb 21, 2024 | Feb 26, 2024 | $0.126 | 0.303% |
| 5 | Jan 04, 2024 | Jan 17, 2024 | Jan 22, 2024 | $0.0237 | 0.0563% |
FAQ
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