Dimensional International Value ETF Forecast
Stronger technical forecast for Dimensional International Value ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Dimensional International Value ETF price gained 0.419% on the last trading day (Friday, 28th Jun 2024), rising from $35.79 to $35.94. During the last trading day the ETF fluctuated 0.531% from a day low at $35.80 to a day high of $35.99. The price has risen in 6 of the last 10 days but is still down by -1.48% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 103 thousand more shares were traded than the day before. In total, 610 thousand shares were bought and sold for approximately $21.93 million.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $35.51 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Dimensional International Value ETF with a 90% probability to be traded between $35.59 and $38.14 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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DFIV Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.24%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dimensional International Value ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $37.08. On a fall, the ETF will find some support from the short-term average at $35.82. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Dimensional International Value ETF
Dimensional International Value finds support from accumulated volume at $35.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.190 (0.531%) between high and low. For the last week, the ETF has had daily average volatility of 0.517%.
Our recommended stop-loss: $33.72 (-6.17%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (DFIV) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Dimensional International Value ETF to open at $35.91, and during the day (based on 14 day Average True Range), to move between $35.55 and $36.33, which gives a possible trading interval of +/-$0.388 (+/-1.08%) up or down from last closing price. If Dimensional International Value ETF takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.90 (0.11%) than the resistance at $36.14 (0.56%), 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 International Value ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Dimensional International Value ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.123 Buy Candidate Upgraded
Predicted Opening Price for Dimensional International Value ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $35.91 ( 0.0835%) | $35.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFIV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.10 | 0.445% |
| R2 | 36.03 | 0.243% |
| R1 | 35.98 | 0.118% |
| Price | 35.94 | |
| S1 | 35.84 | -0.285% |
| S2 | 35.79 | -0.410% |
| S3 | 35.72 | -0.612% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.93 | 2.75% |
| R2 | 36.55 | 1.70% |
| R1 | 36.14 | 0.556% |
| Price | 35.94 | |
| S1 | 35.90 | -0.111% |
| S2 | 35.83 | -0.306% |
| S3 | 35.72 | -0.612% |
FAQ
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