Ishares Ibonds Dec 2028 Term Corporate ETF Forecast
Stronger technical forecast for Ishares Ibonds Dec 2028 Term Corporate ETF price after Wednesday trading.
(Updated on Jul 03, 2024)
The Ishares Ibonds Dec 2028 Term Corporate ETF price gained 0.365% on the last trading day (Wednesday, 3rd Jul 2024), rising from $24.66 to $24.75. During the last trading day the ETF fluctuated 0.263% from a day low at $24.70 to a day high of $24.76. The price has fallen in 5 of the last 10 days and is down by -0.36% for this period. Volume fell on the last day by -142 thousand shares and in total, 164 thousand shares were bought and sold for approximately $4.06 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Ibonds Dec 2028 Term Corporate ETF with a 90% probability to be traded between $24.74 and $25.03 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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IBDT Signals & Forecast
The Ishares Ibonds Dec 2028 Term Corporate 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 $24.74 and $24.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.528%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ishares Ibonds Dec 2028 Term Corporate ETF
Ishares Ibonds Dec 2028 Term Corporate finds support from accumulated volume at $24.74 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 $0.0650 between high and low, or 0.263%. For the last week the ETF has had daily average volatility of 0.214%.
Our recommended stop-loss: $23.40 (-5.47%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (IBDT) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Ishares Ibonds Dec 2028 Term Corporate Etf to open at $24.74, and during the day (based on 14 day Average True Range), to move between $24.67 and $24.83, which gives a possible trading interval of +/-$0.0775 (+/-0.31%) up or down from last closing price. If Ishares Ibonds Dec 2028 Term Corporate Etf takes out the full calculated possible swing range there will be an estimated 0.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.74 (0.04%) than the resistance at $24.78 (0.12%), 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 Ibonds Dec 2028 Term Corporate Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ishares Ibonds Dec 2028 Term Corporate ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.500 Buy Candidate Upgraded
Predicted Opening Price for Ishares Ibonds Dec 2028 Term Corporate Etf of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $24.74 ( 0.0606%) | $24.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBDT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.80 | 0.202% |
| R2 | 24.78 | 0.102% |
| R1 | 24.76 | 0.0397% |
| Price | 24.75 | |
| S1 | 24.71 | -0.161% |
| S2 | 24.69 | -0.223% |
| S3 | 24.67 | -0.323% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.86 | 0.444% |
| R2 | 24.80 | 0.202% |
| R1 | 24.78 | 0.121% |
| Price | 24.75 | |
| S1 | 24.74 | -0.0404% |
| S2 | 24.66 | -0.364% |
| S3 | 24.65 | -0.404% |
IBDT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.0956 | 0.388% |
| 2 | Nov 22, 2023 | Apr 01, 2024 | Apr 05, 2024 | $0.0974 | 0.394% |
| 3 | Jan 31, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.0952 | 0.382% |
| 4 | Nov 24, 2022 | Dec 14, 2023 | Dec 20, 2023 | $0.0938 | 0.376% |
| 5 | Nov 24, 2022 | Dec 01, 2023 | Dec 07, 2023 | $0.0954 | 0.386% |
FAQ
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