Distillate U.S. Fundamental Stability & 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
Distillate U.S. Fundamental Stability & ETF price up 0.190% on Friday
(Updated on May 17, 2024)
The Distillate U.S. Fundamental Stability & ETF price gained 0.190% on the last trading day (Friday, 17th May 2024), rising from $52.54 to $52.64. During the last trading day the ETF fluctuated 0.362% from a day low at $52.45 to a day high of $52.64. The price has risen in 8 of the last 10 days and is up by 2.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 116 thousand shares were bought and sold for approximately $6.13 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Distillate U.S. Fundamental Stability & ETF with a 90% probability to be traded between $50.00 and $53.04 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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DSTL Signals & Forecast
The Distillate U.S. Fundamental Stability & ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $52.36 and $51.83. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 -0.152%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Distillate U.S. Fundamental Stability & ETF
Distillate U.S. Fundamental Stability & finds support from accumulated volume at $51.95 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 $0.190 between high and low, or 0.362%. For the last week the ETF has had daily average volatility of 0.458%.
Our recommended stop-loss: $50.67 (-3.73%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (DSTL) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Distillate U.S. Fundamental Stability & Value ETF to open at $52.58, and during the day (based on 14 day Average True Range), to move between $52.25 and $53.03, which gives a possible trading interval of +/-$0.392 (+/-0.74%) 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 1.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $52.90 (0.49%) than the support at $51.95 (1.31%), 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 Distillate U.S. Fundamental Stability & Value 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 Distillate U.S. Fundamental Stability & ETF to perform well in the short-term period.
Current score: 1.721 Buy Candidate Unchanged
Predicted Opening Price for Distillate U.S. Fundamental Stability & Value ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $52.58 ( 0.120%) | $52.64 |
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 | 52.77 | 0.241 % | |
| R2 | 52.69 | 0.103 % | ||
| R1 | 52.65 | 0.0176 % | ||
| Current price: | 52.64 | |||
| Support | S1 | 52.50 | -0.258 % | |
| S2 | 52.46 | -0.343 % | ||
| S3 | 52.39 | -0.481 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.40 | 1.44 % | |
| R2 | 53.20 | 1.06 % | ||
| R1 | 52.90 | 0.494 % | ||
| Current price | 52.64 | |||
| Support | S1 | 51.95 | -1.31% | |
| S2 | 51.78 | -1.63% | ||
| S3 | 50.73 | -3.63% |
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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