Dimensional US Small Cap Value ETF Forecast

Red day on Thursday for Dimensional US Small Cap Value ETF after losing 1.65%
(Updated on May 23, 2024)

DFSV Signals & Forecast

The Dimensional US Small Cap Value 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 $29.87. On a fall, the ETF will find some support from the long-term average at approximately $29.08. 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 Wednesday, May 15, 2024, and so far it has fallen -3.05%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -9.47% to $26.44 within 33 trading days since signal was issued (Friday, May 24, 2024).

Support, Risk & Stop-loss for Dimensional US Small Cap Value ETF

Dimensional US Small Cap Value finds support from accumulated volume at $28.86 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 $0.720 (2.47%) between high and low. For the last week, the ETF has had daily average volatility of 1.07%.

Our recommended stop-loss: $27.95 (-4.31%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)

Trading Expectations (DFSV) For The Upcoming Trading Day Of Friday 24th

For the upcoming trading day on Friday, 24th we expect Dimensional US Small Cap Value ETF to open at $29.38, and during the day (based on 14 day Average True Range), to move between $28.83 and $29.59, which gives a possible trading interval of +/-$0.377 (+/-1.29%) up or down from last closing price. If Dimensional US Small Cap Value ETF takes out the full calculated possible swing range there will be an estimated 2.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $29.26 (0.17%) than the support at $28.86 (1.20%), 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 Dimensional US Small Cap Value ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dimensional US Small Cap Value ETF to perform well in the short-term.

Current score: 1.574 Buy Candidate Unchanged

Predicted Opening Price for Dimensional US Small Cap Value ETF of Friday, May 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.