Davis Select Financial ETF Forecast
Davis Select Financial ETF upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The Davis Select Financial ETF price gained 0.677% on the last trading day (Thursday, 2nd May 2024), rising from $32.49 to $32.71. During the last trading day the ETF fluctuated 0.583% from a day low at $32.62 to a day high of $32.81. The price has risen in 7 of the last 10 days and is up by 3.93% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately $398.11 thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 6.95% during the next 3 months and, with a 90% probability hold a price between $33.80 and $36.57 at the end of this 3-month period.
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DFNL Signals & Forecast
The Davis Select Financial 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 $32.63 and $32.37. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Davis Select Financial has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.587%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Davis Select Financial ETF
Davis Select Financial finds support from accumulated volume at $32.03 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 $0.190 between high and low, or 0.583%. For the last week the ETF has had daily average volatility of 0.535%.
Our recommended stop-loss: $31.48 (-3.77%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (DFNL) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Davis Select Financial ETF to open at $32.71, and during the day (based on 14 day Average True Range), to move between $32.25 and $33.17, which gives a possible trading interval of +/-$0.456 (+/-1.39%) up or down from last closing price. If Davis Select Financial ETF takes out the full calculated possible swing range there will be an estimated 2.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.83 (0.36%) than the support at $32.03 (2.08%), 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 Davis Select Financial ETF ETF A Buy?
Davis Select Financial holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.749 Strong Buy Candidate Upgraded
Predicted Opening Price for Davis Select Financial ETF of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $32.71 ( 0.0099%) | $32.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFNL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.90 | 0.592 % | |
| R2 | 32.83 | 0.369 % | ||
| R1 | 32.79 | 0.232 % | ||
| Current price: | 32.71 | |||
| Support | S1 | 32.64 | -0.212 % | |
| S2 | 32.60 | -0.350 % | ||
| S3 | 32.52 | -0.572 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.90 | 0.591 % | |
| R2 | 32.89 | 0.558 % | ||
| R1 | 32.83 | 0.363 % | ||
| Current price | 32.71 | |||
| Support | S1 | 32.03 | -2.08% | |
| S2 | 31.04 | -5.11% | ||
| S3 | 30.48 | -6.80% |
DFNL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.704 | 2.34% |
| 2 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $0.91 | 3.34% |
| 3 | Dec 28, 2021 | Dec 29, 2021 | Dec 31, 2021 | $0.749 | 2.45% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 31, 2020 | $0.347 | 1.45% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 31, 2019 | $0.642 | 2.52% |
FAQ
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