Distillate U.S. Fundamental Stability & ETF Forecast
Red day on Tuesday for Distillate U.S. Fundamental Stability & ETF after losing 0.83%
(Updated on May 28, 2024)
The Distillate U.S. Fundamental Stability & ETF price fell by -0.83% on the last day (Tuesday, 28th May 2024) from $51.69 to $51.26. During the last trading day the ETF fluctuated 1.07% from a day low at $51.13 to a day high of $51.68. The price has fallen in 6 of the last 10 days and is down by -1.8% for this period. Volume has increased on the last day by 10 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, 98 thousand shares were bought and sold for approximately $5.02 million.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.14% during the next 3 months and, with a 90% probability hold a price between $49.12 and $51.99 at the end of this 3-month period.
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DSTL Signals & Forecast
There are few to no technical positive signals at the moment. The Distillate U.S. Fundamental Stability & ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $52.05 and $51.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -2.77%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Distillate U.S. Fundamental Stability & ETF
Distillate U.S. Fundamental Stability & finds support from accumulated volume at $51.07 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 $0.548 between high and low, or 1.07%. For the last week the ETF has had daily average volatility of 0.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DSTL) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Distillate U.S. Fundamental Stability & Value ETF to open at $51.36, and during the day (based on 14 day Average True Range), to move between $50.86 and $51.66, which gives a possible trading interval of +/-$0.402 (+/-0.78%) up or down from last closing price. If Distillate U.S. Fundamental Stability & Value ETF takes out the full calculated possible swing range there will be an estimated 1.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $51.07 (0.37%) than the resistance at $51.95 (1.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Distillate U.S. Fundamental Stability & Value ETF ETF A Buy?
Distillate U.S. Fundamental Stability & holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -3.064 Sell Candidate Unchanged
Predicted Opening Price for Distillate U.S. Fundamental Stability & Value ETF of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| $51.36 ( 0.190%) | $51.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DSTL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.91 | 1.26 % | |
| R2 | 51.70 | 0.85 % | ||
| R1 | 51.57 | 0.598 % | ||
| Current price: | 51.26 | |||
| Support | S1 | 51.15 | -0.219 % | |
| S2 | 51.02 | -0.472 % | ||
| S3 | 50.81 | -0.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.40 | 4.17 % | |
| R2 | 52.90 | 3.20 % | ||
| R1 | 51.95 | 1.35 % | ||
| Current price | 51.26 | |||
| Support | S1 | 51.07 | -0.371% | |
| S2 | 50.90 | -0.702% | ||
| S3 | 50.71 | -1.07% |
DSTL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 20, 2024 | Mar 22, 2024 | $0.154 | 0.288% |
| 2 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.217 | 0.438% |
| 3 | Sep 19, 2023 | Sep 20, 2023 | Sep 22, 2023 | $0.145 | 0.324% |
| 4 | Jun 20, 2023 | Jun 21, 2023 | Jun 23, 2023 | $0.149 | 0.340% |
| 5 | Mar 21, 2023 | Mar 22, 2023 | Mar 24, 2023 | $0.130 | 0.311% |
FAQ
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