Ishares Swiss Domestic Government Bond ETF Forecast

Stronger technical forecast for Ishares Swiss Domestic Government Bond ETF price after Thursday trading.
(Updated on Jun 27, 2024)

CSBGC7.SW Signals & Forecast

The Ishares Swiss Domestic Government Bond 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 74.58 Fr and 74.14 Fr. 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 Tuesday, June 25, 2024, and so far it has fallen -0.171%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Thursday, April 25, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 13, 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 ETF in question.

Support, Risk & Stop-loss for Ishares Swiss Domestic Government Bond ETF

Ishares Swiss Domestic Government Bond finds support from accumulated volume at 74.52 Fr 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 0.348 Fr between high and low, or 0.467%. For the last week the ETF has had daily average volatility of 0.482%

Our recommended stop-loss: 72.32 Fr (-3.16%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (CSBGC7.SW) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Ishares Swiss Domestic Government Bond 3-7 Etf (ch) to open at 74.73 Fr, and during the day (based on 14 day Average True Range), to move between 74.34 Fr and 75.02 Fr, which gives a possible trading interval of +/-0.342 Fr (+/-0.46%) up or down from last closing price. If Ishares Swiss Domestic Government Bond 3-7 Etf (ch) takes out the full calculated possible swing range there will be an estimated 0.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 74.76 Fr (0.10%) than the support at 74.52 Fr (0.22%), 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 Swiss Domestic Government Bond 3-7 Etf (ch) ETF A Buy?

Ishares Swiss Domestic Government Bond 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.541 Hold/Accumulate Upgraded

Predicted Opening Price for Ishares Swiss Domestic Government Bond 3-7 Etf (ch) of Friday, June 28, 2024

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