Dimensional Inflation-protected ETF Forecast
Dimensional Inflation-protected ETF downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Dimensional Inflation-protected ETF price fell by -0.269% on the last day (Friday, 28th Jun 2024) from $40.95 to $40.84. During the last trading day the ETF fluctuated 0.502% from a day low at $40.84 to a day high of $41.04. The price has been going up and down for this period, and there has been a -0.68% loss for the last 2 weeks. Volume has increased on the last day by 19 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 183 thousand shares were bought and sold for approximately $7.47 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 Inflation-protected ETF with a 90% probability to be traded between $40.82 and $41.56 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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DFIP Signals & Forecast
There are few to no technical positive signals at the moment. The Dimensional Inflation-protected 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 $40.92 and $40.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -0.89%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. 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 Wednesday, June 05, 2024 and based on theory for this formation the price should fall by -1.85% to $40.08 within 14 trading days since signal was issued (Wednesday, June 26, 2024).
Support, Risk & Stop-loss for Dimensional Inflation-protected ETF
Dimensional Inflation-protected finds support from accumulated volume at $40.83 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 $0.205 between high and low, or 0.502%. For the last week the ETF has had daily average volatility of 0.240%.
Our recommended stop-loss: $39.60 (-3.02%) (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 (DFIP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Dimensional Inflation-protected Securities Etf to open at $40.90, and during the day (based on 14 day Average True Range), to move between $40.68 and $40.99, which gives a possible trading interval of +/-$0.154 (+/-0.38%) up or down from last closing price. If Dimensional Inflation-protected Securities Etf takes out the full calculated possible swing range there will be an estimated 0.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $40.83 (0.01%) than the resistance at $40.88 (0.11%), 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 Inflation-protected Securities Etf ETF A Buy?
Dimensional Inflation-protected 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: 0.299 Hold/Accumulate Downgraded
Predicted Opening Price for Dimensional Inflation-protected Securities Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $40.90 ( 0.167%) | $40.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFIP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.11 | 0.669% |
| R2 | 41.03 | 0.478% |
| R1 | 40.98 | 0.359% |
| Price | 40.84 | |
| S1 | 40.83 | -0.0244% |
| S2 | 40.78 | -0.143% |
| S3 | 40.70 | -0.335% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.20 | 0.89% |
| R2 | 40.97 | 0.331% |
| R1 | 40.88 | 0.110% |
| Price | 40.84 | |
| S1 | 40.83 | -0.0122% |
| S2 | 40.45 | -0.94% |
| S3 | 40.39 | -1.09% |
FAQ
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