FlexShares Disciplined Duration MBS ETF Forecast
FlexShares Disciplined Duration MBS ETF upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)
The FlexShares Disciplined Duration MBS ETF price gained 0.147% on the last trading day (Wednesday, 27th Mar 2024), rising from $20.40 to $20.43. During the last trading day the ETF fluctuated 0.151% from a day low at $20.40 to a day high of $20.43. The price has been going up and down for this period, and there has been a 0.22% gain for the last 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 7 thousand shares were bought and sold for approximately $149.59 thousand. 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 has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $20.43 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $20.76 sometime during the next 3 months.
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MBSD Signals & Forecast
The FlexShares Disciplined Duration MBS 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 $20.37 and $20.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 0.94%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Thursday, March 21, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Thursday, March 21, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for FlexShares Disciplined Duration MBS ETF
FlexShares Disciplined Duration MBS finds support from accumulated volume at $20.42 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 $0.0308 between high and low, or 0.151%. For the last week the ETF has had daily average volatility of 0.202%
Our recommended stop-loss: $19.36 (-5.24%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (MBSD) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect FlexShares Disciplined Duration MBS Index Fund to open at $20.42, and during the day (based on 14 day Average True Range), to move between $20.37 and $20.49, which gives a possible trading interval of +/-$0.0590 (+/-0.29%) up or down from last closing price. If FlexShares Disciplined Duration MBS Index Fund takes out the full calculated possible swing range there will be an estimated 0.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.42 (0.05%) than the resistance at $20.57 (0.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FlexShares Disciplined Duration MBS Index Fund ETF A Buy?
Several short-term signals are positive and the ETF has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for FlexShares Disciplined Duration MBS ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.260 Buy Candidate Upgraded
Predicted Opening Price for FlexShares Disciplined Duration MBS Index Fund of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$20.42 ( 0.0476%) | $20.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.45 | 0.103 % | |
R2 | 20.44 | 0.0455 % | ||
R1 | 20.43 | 0.0099 % | ||
Current price: | 20.43 | |||
Support | S1 | 20.41 | -0.105 % | |
S2 | 20.40 | -0.141 % | ||
S3 | 20.39 | -0.198 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.60 | 0.83 % | |
R2 | 20.59 | 0.759 % | ||
R1 | 20.57 | 0.685 % | ||
Current price | 20.43 | |||
Support | S1 | 20.42 | -0.0489% | |
S2 | 20.36 | -0.343% | ||
S3 | 20.29 | -0.685% |
MBSD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 30, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.0595 | 0.291% |
2 | Jan 30, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.0576 | 0.283% |
3 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.0620 | 0.304% |
4 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | $0.0930 | 0.460% |
5 | Jan 13, 2023 | Nov 01, 2023 | Oct 06, 2023 | $0.0490 | 0.251% |
FAQ
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