Ishares $ Treasury Bond 7-10yr Ucits Etf ETF Forecast
Stronger technical forecast for Ishares $ Treasury Bond 7-10yr Ucits Etf ETF price after Tuesday trading.
(Updated on Jul 02, 2024)
The Ishares $ Treasury Bond 7-10yr Ucits Etf ETF price gained 0.263% on the last trading day (Tuesday, 2nd Jul 2024), rising from 169.12 Fr to 169.57 Fr. During the last trading day the ETF fluctuated 0.210% from a day low at 169.35 Fr to a day high of 169.71 Fr. The price has been going up and down for this period, and there has been a -1.13% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 82 thousand more shares were traded than the day before. In total, 84 thousand shares were bought and sold for approximately 14.31 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 7-10yr Ucits Etf ETF with a 90% probability to be traded between 167.48 Fr and 173.75 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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IBTM.SW Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares $ Treasury Bond 7-10yr Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 170.65 Fr and 169.91 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -1.38%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Tuesday, June 11, 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.
Golden Star
The ETF had a Golden Star Signal on Tuesday, June 11, 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.
A sell signal from a double top formation was found on Friday, June 14, 2024 and based on theory for this formation the price should fall by -3.60% to 163.47 Fr within 21 trading days since signal was issued (Monday, July 15, 2024).
Support, Risk & Stop-loss for Ishares $ Treasury Bond 7-10yr Ucits Etf ETF
Ishares $ Treasury Bond 7-10yr Ucits Etf finds support from accumulated volume at 168.85 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 0.355 Fr between high and low, or 0.210%. For the last week the ETF has had daily average volatility of 0.409%.
Our recommended stop-loss: 162.26 Fr (-4.31%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (IBTM.SW) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Ishares $ Treasury Bond 7-10yr Ucits Etf Usd (dist) to open at 169.54 Fr, and during the day (based on 14 day Average True Range), to move between 168.70 Fr and 170.43 Fr, which gives a possible trading interval of +/-0.86 Fr (+/-0.51%) up or down from last closing price. If Ishares $ Treasury Bond 7-10yr Ucits Etf Usd (dist) takes out the full calculated possible swing range there will be an estimated 1.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 170.12 Fr (0.33%) than the support at 168.85 Fr (0.42%), 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 $ Treasury Bond 7-10yr Ucits Etf Usd (dist) ETF A Buy?
Ishares $ Treasury Bond 7-10yr Ucits Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.100 Hold/Accumulate Upgraded
Predicted Opening Price for Ishares $ Treasury Bond 7-10yr Ucits Etf Usd (dist) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 169.54 Fr ( 0.0147%) | 169.57 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBTM.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 169.90 | 0.195% |
| R2 | 169.76 | 0.115% |
| R1 | 169.68 | 0.0652% |
| Price | 169.57 | |
| S1 | 169.40 | -0.0947% |
| S2 | 169.32 | -0.144% |
| S3 | 169.19 | -0.224% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 171.45 | 1.11% |
| R2 | 171.18 | 0.95% |
| R1 | 170.12 | 0.327% |
| Price | 169.57 | |
| S1 | 168.85 | -0.422% |
| S2 | 168.49 | -0.634% |
| S3 | 168.04 | -0.90% |
FAQ
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