Dimensional Global Real Estate Etf ETF Forecast
Dimensional Global Real Estate Etf ETF upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)
The Dimensional Global Real Estate Etf ETF price gained 0.403% on the last trading day (Tuesday, 2nd Jul 2024), rising from $24.81 to $24.91. During the last trading day the ETF fluctuated 0.562% from a day low at $24.78 to a day high of $24.92. The price has fallen in 5 of the last 10 days and is down by -0.08% for this period. Volume fell on the last day by -6 thousand shares and in total, 268 thousand shares were bought and sold for approximately $6.69 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 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 Real Estate Etf ETF with a 90% probability to be traded between $24.93 and $25.60 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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DFGR Signals & Forecast
The Dimensional Global Real Estate Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.85 and $24.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.14%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Dimensional Global Real Estate Etf ETF
Dimensional Global Real Estate Etf finds support from accumulated volume at $24.80 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 $0.139 between high and low, or 0.562%. For the last week the ETF has had daily average volatility of 0.88%.
Our recommended stop-loss: $23.58 (-5.33%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (DFGR) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Dimensional Global Real Estate Etf to open at $24.87, and during the day (based on 14 day Average True Range), to move between $24.65 and $25.17, which gives a possible trading interval of +/-$0.264 (+/-1.06%) up or down from last closing price. If Dimensional Global Real Estate Etf takes out the full calculated possible swing range there will be an estimated 2.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.93 (0.08%) than the support at $24.80 (0.44%), 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 Real Estate Etf ETF A Buy?
Dimensional Global Real Estate Etf holds several positive signals and is considered to be a good choice at current levels. We expect the Dimensional Global Real Estate Etf ETF to perform great in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.069 Strong Buy Candidate Upgraded
Predicted Opening Price for Dimensional Global Real Estate Etf of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $24.87 ( 0.162%) | $24.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFGR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.01 | 0.397% |
| R2 | 24.96 | 0.184% |
| R1 | 24.92 | 0.0518% |
| Price | 24.91 | |
| S1 | 24.82 | -0.375% |
| S2 | 24.78 | -0.507% |
| S3 | 24.73 | -0.721% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.12 | 0.84% |
| R2 | 24.95 | 0.161% |
| R1 | 24.93 | 0.0803% |
| Price | 24.91 | |
| S1 | 24.80 | -0.442% |
| S2 | 24.56 | -1.41% |
| S3 | 24.21 | -2.81% |
DFGR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 08, 2024 | Mar 19, 2024 | Mar 22, 2024 | $0.0496 | 0.198% |
| 2 | Mar 14, 2023 | Dec 19, 2023 | Dec 22, 2023 | $0.336 | 1.30% |
| 3 | Mar 14, 2023 | Sep 19, 2023 | Sep 22, 2023 | $0.196 | 0.86% |
| 4 | Mar 14, 2023 | Jun 21, 2023 | Jun 26, 2023 | $0.113 | 0.476% |
| 5 | Mar 14, 2023 | Mar 21, 2023 | Mar 24, 2023 | $0.0730 | 0.310% |
FAQ
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