Western Asset/Claymore US Treasury Stock Forecast
Western Asset/Claymore US Treasury stock price down 1.07% on Thursday
(Updated on Apr 25, 2024)
The Western Asset/Claymore US Treasury stock price fell by -1.07% on the last day (Thursday, 25th Apr 2024) from $8.44 to $8.35. During the last trading day the stock fluctuated 0.96% from a day low at $8.35 to a day high of $8.43. The price has fallen in 6 of the last 10 days and is down by -1.18% for this period. Volume has increased on the last day by 62 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, 185 thousand shares were bought and sold for approximately $1.54 million.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $8.34 will give a strong sell signal and a trend shift may 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.
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WIW Signals & Forecast
There are few to no technical positive signals at the moment. The Western Asset/Claymore US Treasury stock 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 $8.43 and $8.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -3.24%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Western Asset/Claymore US Treasury stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.96%. For the last week the stock has had daily average volatility of 0.766%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WIW) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 to open at $8.38, and during the day (based on 14 day Average True Range), to move between $8.29 and $8.41, which gives a possible trading interval of +/-$0.0620 (+/-0.74%) 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 1.48% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $8.45, some $0.1000 (1.20%) from the current price of $8.35, our system finds the risk reward not very attractive.
Is Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 stock A Buy?
Western Asset/Claymore US Treasury 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 stock.
Current score: -3.905 Sell Candidate Unchanged
Predicted Opening Price for Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $8.38 ( 0.319%) | $8.35 |
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 | 8.46 | 1.28 % | |
| R2 | 8.43 | 0.91 % | ||
| R1 | 8.41 | 0.685 % | ||
| Current price: | 8.35 | |||
| Support | S1 | 8.35 | -0.0466 % | |
| S2 | 8.33 | -0.273 % | ||
| S3 | 8.30 | -0.639 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.56 | 2.51 % | |
| R2 | 8.52 | 2.04 % | ||
| R1 | 8.45 | 1.20 % | ||
| Current price | 8.35 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
WIW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | May 22, 2024 | May 31, 2024 | $0.0605 | 0.725% |
| 2 | Feb 20, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.0605 | 0.725% |
| 3 | Feb 20, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.0605 | 0.701% |
| 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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