Distillate International Fundamental ETF Forecast
Distillate International Fundamental ETF price ended at $23.44 on Friday, after losing 0.213%.
(Updated on Jun 28, 2024)
The Distillate International Fundamental ETF price fell by -0.213% on the last day (Friday, 28th Jun 2024) from $23.49 to $23.44. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.171% from a day low at $23.44 to a day high of $23.48. The price has fallen in 6 of the last 10 days and is down by -1.72% for this period. 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 -4 thousand shares and in total, 211 shares were bought and sold for approximately $4.95 thousand.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $23.22 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Distillate International Fundamental ETF with a 90% probability to be traded between $23.12 and $24.89 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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DSTX Signals & Forecast
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. The Distillate International Fundamental ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $23.69 and $24.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -6.39%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Distillate International Fundamental ETF
Distillate International Fundamental finds support from accumulated volume at $23.39 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 $0.0400 between high and low, or 0.171%. For the last week the ETF has had daily average volatility of 0.286%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DSTX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Distillate International Fundamental Stability & Value Etf to open at $23.45, and during the day (based on 14 day Average True Range), to move between $23.24 and $23.64, which gives a possible trading interval of +/-$0.197 (+/-0.84%) up or down from last closing price. If Distillate International Fundamental Stability & Value Etf takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.39 (0.21%) than the resistance at $23.85 (1.75%), 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 International Fundamental Stability & Value Etf ETF A Buy?
Distillate International Fundamental 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: -2.565 Sell Candidate Unchanged
Predicted Opening Price for Distillate International Fundamental Stability & Value Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $23.45 ( 0.0569%) | $23.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DSTX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.49 | 0.228% |
| R2 | 23.48 | 0.162% |
| R1 | 23.47 | 0.122% |
| Price | 23.44 | |
| S1 | 23.44 | -0.0083% |
| S2 | 23.43 | -0.0486% |
| S3 | 23.41 | -0.114% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.54 | 4.69% |
| R2 | 24.37 | 3.97% |
| R1 | 23.85 | 1.75% |
| Price | 23.44 | |
| S1 | 23.39 | -0.213% |
| S2 | 23.30 | -0.597% |
| S3 | 0 | - |
FAQ
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