iShares GNMA Bond ETF Forecast

Red day on Wednesday for iShares GNMA Bond ETF after losing 0.189%
(Updated on Apr 24, 2024)

GNMA Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.535%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares GNMA Bond ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $42.92. On a fall, the ETF will find some support from the short-term average at $42.22. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 GNMA Bond ETF

iShares GNMA Bond finds support from accumulated volume at $42.21 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 $0.104 between high and low, or 0.246%. For the last week the ETF has had daily average volatility of 0.448%

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

Trading Expectations (GNMA) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect iShares GNMA Bond ETF to open at $42.25, and during the day (based on 14 day Average True Range), to move between $41.90 and $42.62, which gives a possible trading interval of +/-$0.362 (+/-0.86%) up or down from last closing price. If iShares GNMA Bond ETF takes out the full calculated possible swing range there will be an estimated 1.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $42.21 (0.12%) than the resistance at $43.11 (2.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is iShares GNMA Bond ETF ETF A Buy?

iShares GNMA Bond holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.145 Sell Candidate Unchanged

Predicted Opening Price for iShares GNMA Bond ETF of Thursday, April 25, 2024

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