Dimensional Short-duration Fixed Income ETF Forecast
Red day on Tuesday for Dimensional Short-duration Fixed Income ETF after losing 0.0106%
(Updated on Jun 25, 2024)
The Dimensional Short-duration Fixed Income ETF price fell by -0.0106% on the last day (Tuesday, 25th Jun 2024) from $47.04 to $47.03. During the last trading day the ETF fluctuated 0.0851% from a day low at $47.00 to a day high of $47.04. The price has risen in 6 of the last 10 days and is up by 0.09% over the past 2 weeks. Volume has increased on the last day by 106 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, 525 thousand shares were bought and sold for approximately $24.70 million.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $47.01 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Dimensional Short-duration Fixed Income ETF with a 90% probability to be traded between $47.24 and $47.45 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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DFSD Signals & Forecast
The Dimensional Short-duration Fixed Income ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $47.06. On a fall, the ETF will find some support from the long-term average at approximately $47.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.255%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Dimensional Short-duration Fixed Income ETF
Dimensional Short-duration Fixed Income finds support from accumulated volume at $47.02 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 $0.0400 between high and low, or 0.0851%. For the last week the ETF has had daily average volatility of 0.105%.
Our recommended stop-loss: $44.47 (-5.45%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (DFSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Dimensional Short-duration Fixed Income Etf to open at $47.02, and during the day (based on 14 day Average True Range), to move between $46.96 and $47.10, which gives a possible trading interval of +/-$0.0655 (+/-0.14%) up or down from last closing price. If Dimensional Short-duration Fixed Income Etf takes out the full calculated possible swing range there will be an estimated 0.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $47.02 (0.02%) than the resistance at $47.06 (0.06%), 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 Short-duration Fixed Income Etf ETF A Buy?
Dimensional Short-duration Fixed Income holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.453 Hold/Accumulate Unchanged
Predicted Opening Price for Dimensional Short-duration Fixed Income Etf of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$47.02 ( 0.0142%) | $47.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 47.06 | 0.0709% |
R2 | 47.05 | 0.0384% |
R1 | 47.04 | 0.0183% |
Price | 47.03 | |
S1 | 47.01 | -0.0467% |
S2 | 47.00 | -0.0667% |
S3 | 46.98 | -0.0992% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 47.08 | 0.106% |
R2 | 47.07 | 0.0851% |
R1 | 47.06 | 0.0638% |
Price | 47.03 | |
S1 | 47.02 | -0.0213% |
S2 | 46.99 | -0.0851% |
S3 | 46.84 | -0.404% |
DFSD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 04, 2024 | May 21, 2024 | May 24, 2024 | $0.211 | 0.450% |
2 | Jan 04, 2024 | Apr 16, 2024 | Apr 19, 2024 | $0.176 | 0.376% |
3 | Jan 04, 2024 | Mar 19, 2024 | Mar 22, 2024 | $0.169 | 0.359% |
4 | Jan 04, 2024 | Feb 21, 2024 | Feb 26, 2024 | $0.108 | 0.231% |
5 | Jan 04, 2024 | Jan 17, 2024 | Jan 22, 2024 | $0.0267 | 0.0568% |
FAQ
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