Dynamic Active Tactical Bond Etf ETF Forecast
Red day on Friday for Dynamic Active Tactical Bond Etf
(Updated on Jun 28, 2024)
The Dynamic Active Tactical Bond Etf ETF price fell by -0.281% on the last day (Friday, 28th Jun 2024) from $17.82 to $17.77. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.563% from a day low at $17.77 to a day high of $17.87. The price has fallen in 7 of the last 10 days and is down by -1.17% for this period. Volume has increased on the last day by 2 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, 13 thousand shares were bought and sold for approximately $230.74 thousand.
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 Dynamic Active Tactical Bond Etf ETF with a 90% probability to be traded between $17.82 and $18.30 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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DXB.TO Signals & Forecast
There are few to no technical positive signals at the moment. The Dynamic Active Tactical Bond Etf 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 $17.92 and $17.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.82%. 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). Dynamic Active Tactical Bond Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Dynamic Active Tactical Bond Etf ETF
Dynamic Active Tactical Bond Etf finds support from accumulated volume at $17.75 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 $0.100 between high and low, or 0.563%. For the last week the ETF has had daily average volatility of 0.247%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DXB.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Dynamic Active Tactical Bond Etf to open at $17.80, and during the day (based on 14 day Average True Range), to move between $17.70 and $17.84, which gives a possible trading interval of +/-$0.0705 (+/-0.40%) up or down from last closing price. If Dynamic Active Tactical Bond Etf takes out the full calculated possible swing range there will be an estimated 0.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.75 (0.11%) than the resistance at $17.81 (0.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dynamic Active Tactical Bond Etf ETF A Buy?
Dynamic Active Tactical Bond Etf holds several negative signals and is within a narrow and 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: -2.195 Sell Candidate Unchanged
Predicted Opening Price for Dynamic Active Tactical Bond Etf of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $17.80 ( 0.188%) | $17.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DXB.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.90 | 0.750% |
| R2 | 17.87 | 0.535% |
| R1 | 17.84 | 0.403% |
| Price | 17.77 | |
| S1 | 17.77 | -0.0274% |
| S2 | 17.74 | -0.160% |
| S3 | 17.70 | -0.375% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.93 | 0.90% |
| R2 | 17.87 | 0.563% |
| R1 | 17.81 | 0.225% |
| Price | 17.77 | |
| S1 | 17.75 | -0.113% |
| S2 | 17.72 | -0.281% |
| S3 | 17.67 | -0.563% |
FAQ
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