Ishares 25+ Year Treasury Strips Bond ETF Forecast
Ishares 25+ Year Treasury Strips Bond ETF downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Ishares 25+ Year Treasury Strips Bond ETF price fell by -3.06% on the last day (Friday, 28th Jun 2024) from $11.10 to $10.76. During the last trading day the ETF fluctuated 3.53% from a day low at $10.76 to a day high of $11.14. The price has been going up and down for this period, and there has been a -3.58% loss for the last 2 weeks. Volume has increased on the last day by 564 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, 652 thousand shares were bought and sold for approximately $7.02 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 5.76% during the next 3 months and, with a 90% probability hold a price between $11.14 and $12.11 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GOVZ 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 25+ Year Treasury Strips Bond 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 $11.12 and $10.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -5.28%. Further fall is indicated until a new bottom pivot has been found. 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 25+ Year Treasury Strips Bond ETF
Ishares 25+ Year Treasury Strips Bond finds support from accumulated volume at $10.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.380 (3.53%) between high and low. For the last week, the ETF has had daily average volatility of 1.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GOVZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares 25+ Year Treasury Strips Bond Etf to open at $10.89, and during the day (based on 14 day Average True Range), to move between $10.57 and $10.95, which gives a possible trading interval of +/-$0.193 (+/-1.79%) up or down from last closing price. If Ishares 25+ Year Treasury Strips Bond Etf takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.86 (0.93%) than the support at $10.48 (2.60%), 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 25+ Year Treasury Strips Bond Etf ETF A Buy?
The Ishares 25+ Year Treasury Strips Bond ETF holds several negative signals and despite the positive trend, we believe Ishares 25+ Year Treasury Strips Bond will perform weakly in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell candidate.
Current score: -2.406 Sell Candidate Downgraded
Predicted Opening Price for Ishares 25+ Year Treasury Strips Bond Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $10.89 ( 1.18%) | $10.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOVZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.27 | 4.71% |
| R2 | 11.12 | 3.36% |
| R1 | 11.03 | 2.53% |
| Price | 10.76 | |
| S1 | 10.74 | -0.172% |
| S2 | 10.65 | -1.01% |
| S3 | 10.51 | -2.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.30 | 5.02% |
| R2 | 10.90 | 1.30% |
| R1 | 10.86 | 0.93% |
| Price | 10.76 | |
| S1 | 10.48 | -2.60% |
| S2 | 10.41 | -3.25% |
| S3 | 10.30 | -4.28% |
FAQ
Click here for our free guide on how to buy Ishares 25+ Year Treasury Strips Bond Etf ETF.
