iShares Commodity Curve Carry Strategy ETF Forecast

iShares Commodity Curve Carry Strategy ETF price ended at $21.37 on Friday, after losing 0.0468%.
(Updated on May 03, 2024)

CCRV Signals & Forecast

There are few to no technical positive signals at the moment. The iShares Commodity Curve Carry Strategy ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $21.69 and $21.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -3.13%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for iShares Commodity Curve Carry Strategy ETF

iShares Commodity Curve Carry Strategy finds support from accumulated volume at $20.45 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 $0.115 between high and low, or 0.539%. For the last week the ETF has had daily average volatility of 0.89%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CCRV) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect iShares Commodity Curve Carry Strategy ETF to open at $21.38, and during the day (based on 14 day Average True Range), to move between $21.16 and $21.58, which gives a possible trading interval of +/-$0.212 (+/-0.99%) up or down from last closing price. If iShares Commodity Curve Carry Strategy ETF takes out the full calculated possible swing range there will be an estimated 1.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $21.64 (1.26%) than the support at $20.45 (4.31%), 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 iShares Commodity Curve Carry Strategy ETF ETF A Buy?

The iShares Commodity Curve Carry Strategy ETF holds several negative signals and despite the positive trend, we believe iShares Commodity Curve Carry Strategy will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -3.006 Sell Candidate Unchanged

Predicted Opening Price for iShares Commodity Curve Carry Strategy ETF of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.