Jpm Betabuilders Us Treasury Bond 0-1 Yr ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Jpm Betabuilders Us Treasury Bond 0-1 Yr ETF price up 0.0747% on Friday
(Updated on Jun 28, 2024)
The Jpm Betabuilders Us Treasury Bond 0-1 Yr ETF price gained 0.0747% on the last trading day (Friday, 28th Jun 2024), rising from £110.49 to £110.57. During the last trading day the ETF fluctuated 0.0452% from a day low at £110.54 to a day high of £110.59. The price has risen in 6 of the last 10 days and is up by 0.24% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 732 more shares were traded than the day before. In total, 732 shares were bought and sold for approximately £80.94 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Jpm Betabuilders Us Treasury Bond 0-1 Yr ETF with a 90% probability to be traded between £111.92 and £112.03 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.
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BBIL.L Signals & Forecast
The Jpm Betabuilders Us Treasury Bond 0-1 Yr 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 £110.47 and £110.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 0.183%. 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). Jpm Betabuilders Us Treasury Bond 0-1 Yr has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Jpm Betabuilders Us Treasury Bond 0-1 Yr ETF
Jpm Betabuilders Us Treasury Bond 0-1 Yr finds support from accumulated volume at £110.30 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 £0.0500 between high and low, or 0.0452%. For the last week the ETF has had daily average volatility of 0.0934%.
The Jpm Betabuilders Us Treasury Bond 0-1 Yr ETF is extremely overbought on RSI14 (90). This increases the short-term risk substantially.
Our recommended stop-loss: £102.82 (-7.01%) (This ETF has low daily movements and this gives low risk. The RSI14 is 90 and this increases the risk substantially. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (BBIL.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jpm Betabuilders Us Treasury Bond 0-1 Yr Ucits Etf to open at £110.57, and during the day (based on 14 day Average True Range), to move between £110.50 and £110.63, which gives a possible trading interval of +/-£0.0661 (+/-0.06%) up or down from last closing price. If Jpm Betabuilders Us Treasury Bond 0-1 Yr Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.12% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £110.30, some £0.267 (0.24%) from the current price of £110.57, our system finds the risk reward attractive.
Is Jpm Betabuilders Us Treasury Bond 0-1 Yr Ucits Etf ETF A Buy?
Jpm Betabuilders Us Treasury Bond 0-1 Yr 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Jpm Betabuilders Us Treasury Bond 0-1 Yr Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £110.57 ( 0.0015%) | £110.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBIL.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 110.62 | 0.0437% |
| R2 | 110.60 | 0.0264% |
| R1 | 110.58 | 0.0158% |
| Price | 110.57 | |
| S1 | 110.55 | -0.0188% |
| S2 | 110.53 | -0.0295% |
| S3 | 110.52 | -0.0467% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 110.57 | |
| S1 | 110.30 | -0.242% |
| S2 | 109.63 | -0.85% |
| S3 | 109.36 | -1.09% |
FAQ
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