Western Asset/Claymore US Treasury Stock Forecast
Western Asset/Claymore US Treasury stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The Western Asset/Claymore US Treasury stock price fell by -0.308% on the last day (Friday, 17th May 2024) from $8.13 to $8.11. During the last trading day the stock fluctuated 0.432% from a day low at $8.11 to a day high of $8.14. The price has risen in 5 of the last 10 days and is up by 1.31% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -25 thousand shares and in total, 6 thousand shares were bought and sold for approximately $51.56 thousand.
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 $8.13 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 $7.75 and $8.04 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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WIA 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 $8.07 and $7.99. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, May 16, 2024, and so far it has fallen -0.308%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, March 21, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, April 05, 2024.
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 Thursday, March 21, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, April 05, 2024.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 12 Months
The stock had a Golden Star Signal on Thursday, March 21, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, April 05, 2024.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 $8.01 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 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 stock During the last day, the stock moved $0.0350 between high and low, or 0.432%. For the last week the stock has had daily average volatility of 0.513%
Our recommended stop-loss: $7.81 (-3.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (WIA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Western Asset/Claymore US Treasury Inflation Prot Secs Fd to open at $8.12, and during the day (based on 14 day Average True Range), to move between $8.05 and $8.16, which gives a possible trading interval of +/-$0.0526 (+/-0.65%) up or down from last closing price. If Western Asset/Claymore US Treasury Inflation Prot Secs Fd takes out the full calculated possible swing range there will be an estimated 1.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.11 (0.06%) than the support at $8.01 (1.17%), 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.287 Hold/Accumulate Downgraded
Predicted Opening Price for Western Asset/Claymore US Treasury Inflation Prot Secs Fd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $8.12 ( 0.144%) | $8.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WIA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.15 | 0.576 % | |
| R2 | 8.14 | 0.411 % | ||
| R1 | 8.13 | 0.309 % | ||
| Current price: | 8.11 | |||
| Support | S1 | 8.10 | -0.0210 % | |
| S2 | 8.10 | -0.123 % | ||
| S3 | 8.08 | -0.288 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.13 | 0.308 % | |
| R2 | 8.12 | 0.185 % | ||
| R1 | 8.11 | 0.0617 % | ||
| Current price | 8.11 | |||
| Support | S1 | 8.01 | -1.17% | |
| S2 | 8.00 | -1.30% | ||
| S3 | 7.85 | -3.15% |
WIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | May 22, 2024 | May 31, 2024 | $0.0500 | 0.617% |
| 2 | Feb 20, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.0500 | 0.635% |
| 3 | Feb 20, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.0500 | 0.614% |
| 4 | Nov 27, 2023 | Feb 21, 2024 | Feb 29, 2024 | $0.0500 | 0.622% |
| 5 | Nov 21, 2023 | Jan 23, 2024 | Jan 31, 2024 | $0.0500 | 0.611% |
FAQ
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