Davis Select Financial ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Davis Select Financial ETF price up 0.703% on Friday
(Updated on May 03, 2024)
The Davis Select Financial ETF price gained 0.703% on the last trading day (Friday, 3rd May 2024), rising from $32.71 to $32.94. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.609% from a day low at $32.87 to a day high of $33.07. The price has risen in 7 of the last 10 days and is up by 2.74% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 2 thousand shares were bought and sold for approximately $71.78 thousand. 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 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 7.06% during the next 3 months and, with a 90% probability hold a price between $33.87 and $36.65 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 $32.65 and $32.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.200 between high and low, or 0.609%. For the last week the ETF has had daily average volatility of 0.624%
Our recommended stop-loss: $31.56 (-4.19%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (DFNL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Davis Select Financial ETF to open at $32.96, and during the day (based on 14 day Average True Range), to move between $32.49 and $33.39, which gives a possible trading interval of +/-$0.449 (+/-1.36%) 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 2.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.02 (0.25%) than the support at $32.03 (2.76%), 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.
Current score: 6.001 Strong Buy Candidate Unchanged
Predicted Opening Price for Davis Select Financial ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $32.96 ( 0.0606%) | $32.94 |
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 | 33.16 | 0.668 % | |
| R2 | 33.08 | 0.436 % | ||
| R1 | 33.04 | 0.293 % | ||
| Current price: | 32.94 | |||
| Support | S1 | 32.88 | -0.171 % | |
| S2 | 32.84 | -0.315 % | ||
| S3 | 32.76 | -0.547 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 33.32 | 1.15 % | ||
| R1 | 33.02 | 0.246 % | ||
| Current price | 32.94 | |||
| Support | S1 | 32.03 | -2.76% | |
| S2 | 31.04 | -5.77% | ||
| S3 | 30.48 | -7.45% |
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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