Western Asset/Claymore US Treasury Stock Forecast
Green day on Wednesday for Western Asset/Claymore US Treasury
(Updated on Mar 27, 2024)
The Western Asset/Claymore US Treasury stock price gained 0.350% on the last trading day (Wednesday, 27th Mar 2024), rising from $8.58 to $8.61. During the last trading day the stock fluctuated 0.94% from a day low at $8.54 to a day high of $8.62. The price has risen in 4 of the last 10 days but is still down by -0.12% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 203 thousand more shares were traded than the day before. In total, 337 thousand shares were bought and sold for approximately $2.90 million.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $8.63 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Western Asset/Claymore US Treasury stock with a 90% probability to be traded between $8.21 and $8.47 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WIW Signals & Forecast
The Western Asset/Claymore US Treasury stock 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 $8.56 and $8.54. A breakdown below any of these levels will issue sell signals. 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 Friday, March 08, 2024, and so far it has fallen -0.232%. 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). The stock had a Golden Star Signal on Monday, March 25, 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 stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 25, 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 stock in question.
Support, Risk & Stop-loss for Western Asset/Claymore US Treasury stock
Western Asset/Claymore US Treasury finds support from accumulated volume at $8.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0800 between high and low, or 0.94%. For the last week the stock has had daily average volatility of 0.562%.
Our recommended stop-loss: $8.26 (-4.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (WIW) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 to open at $8.59, and during the day (based on 14 day Average True Range), to move between $8.56 and $8.66, which gives a possible trading interval of +/-$0.0526 (+/-0.61%) up or down from last closing price. If Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 takes out the full calculated possible swing range there will be an estimated 1.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.62 (0.12%) than the support at $8.54 (0.81%), 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 Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 stock A Buy?
Western Asset/Claymore US Treasury 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: 0.720 Hold/Accumulate Unchanged
Predicted Opening Price for Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$8.59 ( 0.232%) | $8.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WIW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.67 | 0.697 % | |
R2 | 8.64 | 0.342 % | ||
R1 | 8.62 | 0.123 % | ||
Current price: | 8.61 | |||
Support | S1 | 8.56 | -0.587 % | |
S2 | 8.54 | -0.81 % | ||
S3 | 8.51 | -1.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.70 | 1.05 % | |
R2 | 8.69 | 0.93 % | ||
R1 | 8.62 | 0.116 % | ||
Current price | 8.61 | |||
Support | S1 | 8.54 | -0.81% | |
S2 | 8.52 | -1.05% | ||
S3 | 8.45 | -1.86% |
WIW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | May 22, 2024 | May 31, 2024 | $0.0605 | 0.703% |
2 | Feb 20, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.0605 | 0.703% |
3 | Feb 20, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.0605 | 0.703% |
4 | Nov 27, 2023 | Feb 21, 2024 | Feb 29, 2024 | $0.0605 | 0.714% |
5 | Nov 21, 2023 | Jan 23, 2024 | Jan 31, 2024 | $0.0605 | 0.695% |
FAQ
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