Dimensional US Small Cap Value 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
Red day on Wednesday for Dimensional US Small Cap Value ETF after losing 0.87%
(Updated on May 22, 2024)
The Dimensional US Small Cap Value ETF price fell by -0.87% on the last day (Wednesday, 22nd May 2024) from $29.96 to $29.70. During the last trading day the ETF fluctuated 1.07% from a day low at $29.54 to a day high of $29.86. The price has risen in 6 of the last 10 days and is up by 1.02% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -15 thousand shares and in total, 352 thousand shares were bought and sold for approximately $10.46 million.
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 2.93% during the next 3 months and, with a 90% probability hold a price between $28.99 and $31.53 at the end of this 3-month period.
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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 $29.97. On a fall, the ETF will find some support from the long-term average at approximately $29.09. 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 -1.43%. 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.
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 -10.96% to $26.44 within 33 trading days since signal was issued (Thursday, May 23, 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 $0.317 (1.07%) between high and low. For the last week, the ETF has had daily average volatility of 0.643%.
Our recommended stop-loss: $28.59 (-3.72%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (DFSV) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Dimensional US Small Cap Value ETF to open at $29.70, and during the day (based on 14 day Average True Range), to move between $29.35 and $30.05, which gives a possible trading interval of +/-$0.350 (+/-1.18%) 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 2.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.81 (0.37%) than the support at $28.86 (2.83%), 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: 1.313 Buy Candidate Unchanged
Predicted Opening Price for Dimensional US Small Cap Value ETF of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $29.70 ( 0.0028%) | $29.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFSV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.02 | 1.07 % | |
| R2 | 29.90 | 0.663 % | ||
| R1 | 29.82 | 0.411 % | ||
| Current price: | 29.70 | |||
| Support | S1 | 29.58 | -0.406 % | |
| S2 | 29.50 | -0.658 % | ||
| S3 | 29.38 | -1.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.10 | 1.35 % | |
| R2 | 29.93 | 0.774 % | ||
| R1 | 29.81 | 0.370 % | ||
| Current price | 29.70 | |||
| Support | S1 | 28.86 | -2.83% | |
| S2 | 28.81 | -3.00% | ||
| S3 | 28.65 | -3.54% |
DFSV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 04, 2024 | Mar 19, 2024 | Mar 22, 2024 | $0.0549 | 0.188% |
| 2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.115 | 0.396% |
| 3 | Jan 18, 2023 | Sep 19, 2023 | Sep 22, 2023 | $0.102 | 0.406% |
| 4 | Jan 18, 2023 | Jun 21, 2023 | Jun 26, 2023 | $0.100 | 0.403% |
| 5 | Mar 20, 2023 | Mar 21, 2023 | Mar 24, 2023 | $0.0580 | 0.242% |
FAQ
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