iShares Intermediate Government/Credit ETF Forecast

Red day on Friday for iShares Intermediate Government/Credit ETF after losing 0.0870%
(Updated on May 17, 2024)

GVI Signals & Forecast

The iShares Intermediate Government/Credit 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 $103.17 and $102.78. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.198%. 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. The ETF had a Golden Star Signal on Friday, May 03, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for iShares Intermediate Government/Credit ETF

iShares Intermediate Government/Credit finds support from accumulated volume at $102.52 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 $0.150 between high and low, or 0.145%. For the last week the ETF has had daily average volatility of 0.153%.

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

Trading Expectations (GVI) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect iShares Intermediate Government/Credit Bond ETF to open at $103.34, and during the day (based on 14 day Average True Range), to move between $103.06 and $103.56, which gives a possible trading interval of +/-$0.252 (+/-0.24%) up or down from last closing price. If iShares Intermediate Government/Credit Bond ETF takes out the full calculated possible swing range there will be an estimated 0.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $103.35 (0.04%) than the support at $102.52 (0.76%), 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 Intermediate Government/Credit Bond ETF ETF A Buy?

iShares Intermediate Government/Credit 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: -1.543 Sell Candidate Unchanged

Predicted Opening Price for iShares Intermediate Government/Credit Bond ETF of Monday, May 20, 2024

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