FlexShares Quality Dividend Index Fund ETF Forecast
FlexShares Quality Dividend Index Fund ETF price up 0.770% on Monday
(Updated on May 06, 2024)
The FlexShares Quality Dividend Index Fund ETF price gained 0.770% on the last trading day (Monday, 6th May 2024), rising from $63.66 to $64.15. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.375% from a day low at $63.92 to a day high of $64.16. The price has risen in 7 of the last 10 days and is up by 2.3% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 30 thousand shares were bought and sold for approximately $1.94 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 horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect FlexShares Quality Dividend Index Fund ETF with a 90% probability to be traded between $61.50 and $65.13 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
QDF Signals & Forecast
The FlexShares Quality Dividend Index Fund ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $63.12 and $64.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.27%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for FlexShares Quality Dividend Index Fund ETF
FlexShares Quality Dividend Index Fund finds support from accumulated volume at $64.10 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 $0.240 between high and low, or 0.375%. For the last week the ETF has had daily average volatility of 0.90%.
Our recommended stop-loss: $61.15 (-4.67%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (QDF) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect FlexShares Quality Dividend Index Fund to open at $64.08, and during the day (based on 14 day Average True Range), to move between $63.48 and $64.82, which gives a possible trading interval of +/-$0.667 (+/-1.04%) up or down from last closing price. If FlexShares Quality Dividend Index Fund takes out the full calculated possible swing range there will be an estimated 2.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $64.19 (0.06%) than the support at $64.10 (0.08%), 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 FlexShares Quality Dividend Index Fund ETF A Buy?
FlexShares Quality Dividend Index Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.795 Hold/Accumulate Unchanged
Predicted Opening Price for FlexShares Quality Dividend Index Fund of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$64.08 ( 0.114%) | $64.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QDF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 64.32 | 0.260 % | |
R2 | 64.22 | 0.117 % | ||
R1 | 64.17 | 0.0286 % | ||
Current price: | 64.15 | |||
Support | S1 | 63.98 | -0.257 % | |
S2 | 63.93 | -0.346 % | ||
S3 | 63.84 | -0.488 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 65.85 | 2.65 % | |
R2 | 64.35 | 0.312 % | ||
R1 | 64.19 | 0.0624 % | ||
Current price | 64.15 | |||
Support | S1 | 64.10 | -0.0779% | |
S2 | 63.33 | -1.28% | ||
S3 | 63.20 | -1.48% |
QDF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 15, 2024 | Mar 21, 2024 | $0.194 | 0.294% |
2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.451 | 0.737% |
3 | Jan 20, 2023 | Sep 15, 2023 | Sep 21, 2023 | $0.287 | 0.511% |
4 | Jan 20, 2023 | Jun 16, 2023 | Jun 23, 2023 | $0.394 | 0.704% |
5 | Jan 20, 2023 | Mar 17, 2023 | Mar 23, 2023 | $0.212 | 0.406% |
FAQ
Click here for our free guide on how to buy FlexShares Quality Dividend Index Fund ETF.