Ishares Vii Plc - Ishares $ Treasury ETF Forecast
Stronger technical forecast for Ishares Vii Plc - Ishares $ Treasury ETF price after Wednesday trading.
(Updated on Jun 26, 2024)
The Ishares Vii Plc - Ishares $ Treasury ETF price gained 0.363% on the last trading day (Wednesday, 26th Jun 2024), rising from £9,102.00 to £9,135.00. During the last trading day the ETF fluctuated 0.385% from a day low at £9,100.00 to a day high of £9,135.00. The price has been going up and down for this period, and there has been a 1.25% gain for the last 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 1 thousand shares were bought and sold for approximately £11.62 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Ishares Vii Plc - Ishares $ Treasury ETF with a 90% probability to be traded between £8,888.81 and £9,135.17 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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CU31.L Signals & Forecast
The Ishares Vii Plc - Ishares $ Treasury 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 £9,104.56 and £9,058.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 1.86%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for Ishares Vii Plc - Ishares $ Treasury ETF
Ishares Vii Plc - Ishares $ Treasury finds support from accumulated volume at £9,102.00 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 £35.00 between high and low, or 0.385%. For the last week the ETF has had daily average volatility of 0.136%.
Our recommended stop-loss: £8,745.54 (-4.26%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 43 days ago.)
Trading Expectations (CU31.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ishares Vii Plc - Ishares $ Treasury Bond 1-3yr Ucits Etf Usd (acc) to open at £9,123.33, and during the day (based on 14 day Average True Range), to move between £9,104.66 and £9,165.34, which gives a possible trading interval of +/-£30.34 (+/-0.33%) up or down from last closing price. If Ishares Vii Plc - Ishares $ Treasury Bond 1-3yr Ucits Etf Usd (acc) takes out the full calculated possible swing range there will be an estimated 0.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £9,141.50 (0.07%) than the support at £9,102.00 (0.36%), 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 Vii Plc - Ishares $ Treasury Bond 1-3yr Ucits Etf Usd (acc) ETF A Buy?
Ishares Vii Plc - Ishares $ 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.789 Hold/Accumulate Upgraded
Predicted Opening Price for Ishares Vii Plc - Ishares $ Treasury Bond 1-3yr Ucits Etf Usd (acc) of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £9,123.33 ( 0.128%) | £9,135.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CU31.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9,158.33 | 0.255% |
| R2 | 9,144.96 | 0.109% |
| R1 | 9,136.70 | 0.0186% |
| Price | 9,135.00 | |
| S1 | 9,109.96 | -0.274% |
| S2 | 9,101.70 | -0.364% |
| S3 | 9,088.33 | -0.511% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9,152.50 | 0.192% |
| R2 | 9,149.50 | 0.159% |
| R1 | 9,141.50 | 0.0712% |
| Price | 9,135.00 | |
| S1 | 9,102.00 | -0.361% |
| S2 | 9,090.00 | -0.493% |
| S3 | 9,050.00 | -0.93% |
FAQ
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