Dimensional Global Credit Etf ETF Forecast
Green day on Monday for Dimensional Global Credit Etf
(Updated on Jun 24, 2024)
The Dimensional Global Credit Etf ETF price gained 0.0567% on the last trading day (Monday, 24th Jun 2024), rising from $52.91 to $52.94. During the last trading day the ETF fluctuated 0.189% from a day low at $52.91 to a day high of $53.01. The price has risen in 6 of the last 10 days and is up by 0.7% over the past 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 20 thousand shares were bought and sold for approximately $1.07 million. 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Dimensional Global Credit Etf ETF with a 90% probability to be traded between $52.46 and $53.63 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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DGCB Signals & Forecast
The Dimensional Global Credit Etf 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 $52.97. On a fall, the ETF will find some support from the long-term average at approximately $52.67. 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 Thursday, June 13, 2024, and so far it has fallen -0.365%. Further fall is indicated until a new bottom pivot has been found. 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 also not. The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 03, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 03, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 03, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Thursday, June 13, 2024 and based on theory for this formation the price should fall by -3.50% to $51.08 within 20 trading days since signal was issued (Monday, July 15, 2024).
Support, Risk & Stop-loss for Dimensional Global Credit Etf ETF
Dimensional Global Credit Etf finds support from accumulated volume at $52.78 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 $0.100 between high and low, or 0.189%. For the last week the ETF has had daily average volatility of 0.222%
Our recommended stop-loss: $51.12 (-3.42%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (DGCB) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Dimensional Global Credit Etf to open at $52.95, and during the day (based on 14 day Average True Range), to move between $52.73 and $53.14, which gives a possible trading interval of +/-$0.203 (+/-0.38%) up or down from last closing price. If Dimensional Global Credit Etf takes out the full calculated possible swing range there will be an estimated 0.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $52.95 (0.03%) than the support at $52.78 (0.29%), 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 Global Credit Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Dimensional Global Credit Etf ETF to perform well in the short-term period.
Current score: 1.611 Buy Candidate Unchanged
Predicted Opening Price for Dimensional Global Credit Etf of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $52.95 ( 0.0314%) | $52.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DGCB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.05 | 0.221% |
| R2 | 53.01 | 0.148% |
| R1 | 52.99 | 0.104% |
| Price | 52.94 | |
| S1 | 52.91 | -0.0408% |
| S2 | 52.89 | -0.0854% |
| S3 | 52.85 | -0.158% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.11 | 0.321% |
| R2 | 52.96 | 0.0472% |
| R1 | 52.95 | 0.0283% |
| Price | 52.94 | |
| S1 | 52.78 | -0.293% |
| S2 | 52.74 | -0.368% |
| S3 | 51.84 | -2.07% |
DGCB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 21, 2024 | May 24, 2024 | $0.215 | 0.410% |
| 2 | Apr 15, 2024 | Apr 16, 2024 | Apr 19, 2024 | $0.161 | 0.310% |
| 3 | Mar 18, 2024 | Mar 19, 2024 | Mar 22, 2024 | $0.161 | 0.304% |
| 4 | Feb 20, 2024 | Feb 21, 2024 | Feb 26, 2024 | $0.204 | 0.389% |
| 5 | Jan 16, 2024 | Jan 17, 2024 | Jan 22, 2024 | $0.0075 | 0.0142% |
FAQ
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