iShares 20+ Year Treasury Bond ETF Cryptocurrency Forecast
Is iShares 20+ Year Treasury Bond ETF cryptocurrency still a buy after falling -8.30% on Monday?
(Updated on May 20, 2024)
The iShares 20+ Year Treasury Bond ETF cryptocurrency price fell by -8.30% on the last day (Monday, 20th May 2024) from $36.85 to $33.79. During the last trading day the cryptocurrency fluctuated 1.43% from a day low at $33.78 to a day high of $34.26. The price has risen in 5 of the last 10 days but is still down by -9.32% for this period. Volume has increased on the last day by 183 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, 519 shares were bought and sold for approximately $17.54 thousand.
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $30.77 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 20.63% during the next 3 months and, with a 90% probability hold a price between $37.12 and $81.21 at the end of this 3-month period.
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DTLTUSD Signals & Forecast
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. The iShares 20+ Year Treasury Bond ETF cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $38.35 and $39.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -41.35%. Further fall is indicated until a new bottom pivot has been found. iShares 20+ Year Treasury Bond ETF gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for iShares 20+ Year Treasury Bond ETF cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $29.65 and $29.15. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, iShares 20+ Year Treasury Bond ETF finds support just below today's level at $29.65. If this is broken, then the next support from accumulated volume will be at $29.15 and $25.84.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.483 between high and low, or 1.43%. For the last week, the cryptocurrency has had daily average volatility of 3.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DTLTUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect iShares 20+ Year Treasury Bond ETF Defichain USD to open at $33.94, and during the day (based on 14 day Average True Range), to move between $31.27 and $36.32, which gives a possible trading interval of +/-$2.52 (+/-7.46%) up or down from last closing price. If iShares 20+ Year Treasury Bond ETF Defichain USD takes out the full calculated possible swing range there will be an estimated 14.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.14 (6.96%) than the support at $29.65 (12.25%), 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 20+ Year Treasury Bond ETF Defichain USD cryptocurrency A Buy?
The iShares 20+ Year Treasury Bond ETF cryptocurrency holds several negative signals and despite the positive trend, we believe iShares 20+ Year Treasury Bond ETF will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.986 Sell Candidate Downgraded
Predicted Opening Price for iShares 20+ Year Treasury Bond ETF Defichain USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $33.94 ( 0.445%) | $33.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DTLTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.43 | 1.87 % | |
| R2 | 34.24 | 1.33 % | ||
| R1 | 34.13 | 0.99 % | ||
| Current price: | 33.79 | |||
| Support | S1 | 33.76 | -0.101 % | |
| S2 | 33.65 | -0.438 % | ||
| S3 | 33.46 | -0.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.09 | 24.55 % | |
| R2 | 38.26 | 13.21 % | ||
| R1 | 36.14 | 6.96 % | ||
| Current price | 33.79 | |||
| Support | S1 | 29.65 | -12.25% | |
| S2 | 29.15 | -13.74% | ||
| S3 | 25.84 | -23.53% |
FAQ
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