Ishares Ibonds Dec 2024 Term Muni Bond ETF Forecast

Ishares Ibonds Dec 2024 Term Muni Bond ETF downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 24, 2024)

IBMM Signals & Forecast

The Ishares Ibonds Dec 2024 Term Muni Bond 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 $26.01 and $25.99. 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 Friday, June 21, 2024, and so far it has fallen -0.0415%. 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, October 27, 2023 in the long-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 Ibonds Dec 2024 Term Muni Bond ETF

Ishares Ibonds Dec 2024 Term Muni Bond finds support from accumulated volume at $25.97 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 $0.0900 between high and low, or 0.346%. For the last week the ETF has had daily average volatility of 0.192%.

Our recommended stop-loss: $25.09 (-3.64%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (IBMM) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Ishares Ibonds Dec 2024 Term Muni Bond Etf to open at $26.03, and during the day (based on 14 day Average True Range), to move between $26.00 and $26.08, which gives a possible trading interval of +/-$0.0387 (+/-0.15%) up or down from last closing price. If Ishares Ibonds Dec 2024 Term Muni Bond Etf takes out the full calculated possible swing range there will be an estimated 0.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $26.05 (0.04%) than the support at $25.97 (0.27%), 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 Ibonds Dec 2024 Term Muni Bond Etf ETF A Buy?

Ishares Ibonds Dec 2024 Term Muni Bond 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: 0.912 Hold/Accumulate Downgraded

Predicted Opening Price for Ishares Ibonds Dec 2024 Term Muni Bond Etf of Tuesday, June 25, 2024

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