Ishares $ Treasury Bond 20+yr Ucits Etf ETF Forecast
Weaker technical forecast for Ishares $ Treasury Bond 20+yr Ucits Etf as ETF downgraded to Sell Candidate.
(Updated on Jun 26, 2024)
The Ishares $ Treasury Bond 20+yr Ucits Etf ETF price fell by -0.98% on the last day (Wednesday, 26th Jun 2024) from 3.18€ to 3.15€. During the last trading day the ETF fluctuated 1.16% from a day low at 3.14€ to a day high of 3.18€. The price has risen in 6 of the last 10 days and is up by 0.16% over the past 2 weeks. Volume has increased on the last day by 160 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 500 thousand shares were bought and sold for approximately 1.57€ million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ishares $ Treasury Bond 20+yr Ucits Etf ETF with a 90% probability to be traded between 3.11€ and 3.29€ 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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DTLE.L Signals & Forecast
There are few to no technical positive signals at the moment. The Ishares $ Treasury Bond 20+yr Ucits Etf 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 3.17€ and 3.15€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -2.36%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Ishares $ Treasury Bond 20+yr Ucits Etf ETF
Ishares $ Treasury Bond 20+yr Ucits Etf finds support from accumulated volume at 3.14€ 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 0.0365€ between high and low, or 1.16%. For the last week the ETF has had daily average volatility of 0.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DTLE.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ishares $ Treasury Bond 20+yr Ucits Etf Eur Hedged (dist) to open at 3.16€, and during the day (based on 14 day Average True Range), to move between 3.10€ and 3.19€, which gives a possible trading interval of +/-0.0406€ (+/-1.29%) up or down from last closing price. If Ishares $ Treasury Bond 20+yr Ucits Etf Eur Hedged (dist) takes out the full calculated possible swing range there will be an estimated 2.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 3.15€ (0.16%) than the support at 3.14€ (0.16%), 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 $ Treasury Bond 20+yr Ucits Etf Eur Hedged (dist) ETF A Buy?
Ishares $ Treasury Bond 20+yr Ucits Etf holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -2.367 Sell Candidate Downgraded
Predicted Opening Price for Ishares $ Treasury Bond 20+yr Ucits Etf Eur Hedged (dist) of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 3.16€ ( 0.344%) | 3.15€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DTLE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.19 | 1.51% |
| R2 | 3.18 | 1.06% |
| R1 | 3.17 | 0.788% |
| Price | 3.15 | |
| S1 | 3.14 | -0.0989% |
| S2 | 3.13 | -0.373% |
| S3 | 3.12 | -0.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.17 | 0.795% |
| R2 | 3.16 | 0.477% |
| R1 | 3.15 | 0.159% |
| Price | 3.15 | |
| S1 | 3.14 | -0.159% |
| S2 | 3.12 | -0.795% |
| S3 | 3.11 | -1.11% |
DTLE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | 0.0649€ | 1.92% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | 0.0622€ | 1.75% |
| 3 | Dec 15, 2022 | Dec 15, 2022 | Dec 15, 2022 | 0.0556€ | 1.46% |
| 4 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | 0.0525€ | 1.33% |
| 5 | Dec 16, 2021 | Dec 16, 2021 | Dec 16, 2021 | 0.0506€ | 0.94% |
FAQ
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