Ishares $ Treasury Bond 1-3yr Ucits Etf ETF Forecast
Ishares $ Treasury Bond 1-3yr Ucits Etf ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The Ishares $ Treasury Bond 1-3yr Ucits Etf ETF price gained 0.0954% on the last trading day (Friday, 21st Jun 2024), rising from 4.61 Fr to 4.62 Fr. During the last trading day the ETF fluctuated 0.274% from a day low at 4.61 Fr to a day high of 4.62 Fr. The price has risen in 5 of the last 10 days and is up by 0.34% 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, 150 thousand more shares were traded than the day before. In total, 342 thousand shares were bought and sold for approximately 1.58 Fr 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 1-3yr Ucits Etf ETF with a 90% probability to be traded between 4.64 Fr and 4.65 Fr 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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IBTC.SW Signals & Forecast
Mostly positive signals in the chart today. The Ishares $ Treasury Bond 1-3yr 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 4.62 Fr and 4.61 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 0.365%. 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 1-3yr Ucits Etf ETF
Ishares $ Treasury Bond 1-3yr Ucits Etf finds support from accumulated volume at 4.62 Fr 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 0.0126 Fr between high and low, or 0.274%. For the last week the ETF has had daily average volatility of 0.160%.
Our recommended stop-loss: 4.26 Fr (-7.81%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (IBTC.SW) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Ishares $ Treasury Bond 1-3yr Ucits Etf to open at 4.61 Fr, and during the day (based on 14 day Average True Range), to move between 4.61 Fr and 4.63 Fr, which gives a possible trading interval of +/-0.0080 Fr (+/-0.17%) up or down from last closing price. If Ishares $ Treasury Bond 1-3yr Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.35% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 4.62 Fr, some 0.0028 Fr (0.06%) from the current price of 4.62 Fr, our system finds the risk reward attractive.
Is Ishares $ Treasury Bond 1-3yr Ucits 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 $ Treasury Bond 1-3yr Ucits Etf 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: 4.271 Buy Candidate Upgraded
Predicted Opening Price for Ishares $ Treasury Bond 1-3yr Ucits Etf of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 4.61 Fr ( 0.0909%) | 4.62 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBTC.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.63 | 0.182% |
| R2 | 4.62 | 0.0777% |
| R1 | 4.62 | 0.0133% |
| Price | 4.62 | |
| S1 | 4.61 | -0.195% |
| S2 | 4.61 | -0.260% |
| S3 | 4.60 | -0.364% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 4.62 | |
| S1 | 4.62 | -0.0606% |
| S2 | 4.61 | -0.0953% |
| S3 | 4.60 | -0.325% |
FAQ
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