Ishares $ Treasury Bond 0-1yr Ucits Etf ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Ishares $ Treasury Bond 0-1yr Ucits Etf ETF downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
The Ishares $ Treasury Bond 0-1yr Ucits Etf ETF price gained 0.0631% on the last trading day (Friday, 28th Jun 2024), rising from $110.95 to $111.02. During the last trading day the ETF fluctuated 0.0360% from a day low at $110.98 to a day high of $111.02. The price has risen in 7 of the last 10 days and is up by 0.2% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 294 thousand more shares were traded than the day before. In total, 294 thousand shares were bought and sold for approximately $32.59 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ishares $ Treasury Bond 0-1yr Ucits Etf ETF with a 90% probability to be traded between $112.33 and $112.44 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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IB01.L Signals & Forecast
The Ishares $ Treasury Bond 0-1yr Ucits Etf 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 $110.93 and $110.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.217%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Ishares $ Treasury Bond 0-1yr Ucits Etf ETF
Ishares $ Treasury Bond 0-1yr Ucits Etf finds support from accumulated volume at $110.60 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 $0.0399 between high and low, or 0.0360%. For the last week the ETF has had daily average volatility of 0.0338%.
The Ishares $ Treasury Bond 0-1yr Ucits Etf ETF is extremely overbought on RSI14 (95). This increases the short-term risk substantially.
Our recommended stop-loss: $103.73 (-6.57%) (This ETF has low daily movements and this gives low risk. The RSI14 is 95 and this increases the risk substantially. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (IB01.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares $ Treasury Bond 0-1yr Ucits Etf Usd (acc) to open at $111.01, and during the day (based on 14 day Average True Range), to move between $110.94 and $111.10, which gives a possible trading interval of +/-$0.0770 (+/-0.07%) up or down from last closing price. If Ishares $ Treasury Bond 0-1yr Ucits Etf Usd (acc) takes out the full calculated possible swing range there will be an estimated 0.14% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $110.60, some $0.420 (0.38%) from the current price of $111.02, our system finds the risk reward attractive.
Is Ishares $ Treasury Bond 0-1yr Ucits Etf Usd (acc) ETF A Buy?
Ishares $ Treasury Bond 0-1yr Ucits Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ishares $ Treasury Bond 0-1yr Ucits Etf Usd (acc) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $111.01 ( 0.0120%) | $111.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IB01.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 111.05 | 0.0240% |
| R2 | 111.03 | 0.0102% |
| R1 | 111.02 | 0.0017% |
| Price | 111.02 | |
| S1 | 110.99 | -0.0257% |
| S2 | 110.98 | -0.0342% |
| S3 | 110.97 | -0.0479% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 111.02 | |
| S1 | 110.60 | -0.378% |
| S2 | 110.45 | -0.513% |
| S3 | 109.72 | -1.17% |
FAQ
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