Dimensional Global Core Plus Fixed ETF Forecast
Dimensional Global Core Plus Fixed ETF price down 0.442% on Friday
(Updated on Jun 28, 2024)
The Dimensional Global Core Plus Fixed ETF price fell by -0.442% on the last day (Friday, 28th Jun 2024) from $53.15 to $52.91. During the last trading day the ETF fluctuated 0.83% from a day low at $52.91 to a day high of $53.35. The price has risen in 6 of the last 10 days but is still down by -0.86% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -8 thousand shares and in total, 63 thousand shares were bought and sold for approximately $3.34 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Dimensional Global Core Plus Fixed ETF with a 90% probability to be traded between $53.14 and $54.22 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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DFGP Signals & Forecast
The Dimensional Global Core Plus Fixed 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 $53.15 and $52.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -1.01%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Some positive signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 31, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 31, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 31, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Friday, June 14, 2024 and based on theory for this formation the price should fall by -2.93% to $51.36 within 21 trading days since signal was issued (Wednesday, July 17, 2024).
Support, Risk & Stop-loss for Dimensional Global Core Plus Fixed ETF
Dimensional Global Core Plus Fixed finds support from accumulated volume at $52.69 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 $0.440 between high and low, or 0.83%. For the last week the ETF has had daily average volatility of 0.488%.
Our recommended stop-loss: $50.78 (-4.02%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (DFGP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Dimensional Global Core Plus Fixed Income Etf to open at $53.06, and during the day (based on 14 day Average True Range), to move between $52.66 and $53.16, which gives a possible trading interval of +/-$0.247 (+/-0.47%) up or down from last closing price. If Dimensional Global Core Plus Fixed Income Etf takes out the full calculated possible swing range there will be an estimated 0.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $52.98 (0.13%) than the support at $52.69 (0.42%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Dimensional Global Core Plus 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.
Current score: 1.045 Buy Candidate Unchanged
Predicted Opening Price for Dimensional Global Core Plus Fixed Income Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $53.06 ( 0.277%) | $52.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFGP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.50 | 1.11% |
| R2 | 53.33 | 0.791% |
| R1 | 53.22 | 0.595% |
| Price | 52.91 | |
| S1 | 52.89 | -0.0405% |
| S2 | 52.78 | -0.237% |
| S3 | 52.62 | -0.554% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.27 | 0.680% |
| R2 | 53.16 | 0.473% |
| R1 | 52.98 | 0.132% |
| Price | 52.91 | |
| S1 | 52.69 | -0.416% |
| S2 | 52.29 | -1.17% |
| S3 | 52.12 | -1.49% |
DFGP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 21, 2024 | May 24, 2024 | $0.0834 | 0.158% |
| 2 | Apr 15, 2024 | Apr 16, 2024 | Apr 19, 2024 | $0.163 | 0.312% |
| 3 | Mar 18, 2024 | Mar 19, 2024 | Mar 22, 2024 | $0.141 | 0.265% |
| 4 | Feb 20, 2024 | Feb 21, 2024 | Feb 26, 2024 | $0.0669 | 0.127% |
| 5 | Dec 18, 2023 | Dec 19, 2023 | Dec 22, 2023 | $0.324 | 0.610% |
FAQ
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