iShares Ultra Short-Term Bond 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
Evaluation of iShares Ultra Short-Term Bond ETF downgraded after the last trading session.
(Updated on May 17, 2024)
The iShares Ultra Short-Term Bond ETF price gained 0.0198% on the last trading day (Friday, 17th May 2024), rising from $50.45 to $50.46. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.0396% from a day low at $50.45 to a day high of $50.47. The price has risen in 9 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, 42 thousand more shares were traded than the day before. In total, 709 thousand shares were bought and sold for approximately $35.80 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 Ultra Short-Term Bond ETF with a 90% probability to be traded between $50.24 and $50.47 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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ICSH Signals & Forecast
The iShares Ultra Short-Term 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 $50.42 and $50.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 0.288%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Wednesday, May 15, 2024 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, May 15, 2024 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.
A buy signal from a double bottom formation was found on Wednesday, May 01, 2024 with a target of $50.40. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for iShares Ultra Short-Term Bond ETF
iShares Ultra Short-Term Bond finds support from accumulated volume at $50.39 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 $0.0200 between high and low, or 0.0396%. For the last week the ETF has had daily average volatility of 0.0282%.
Our recommended stop-loss: $46.77 (-7.31%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (ICSH) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect iShares Ultra Short-Term Bond ETF to open at $50.46, and during the day (based on 14 day Average True Range), to move between $50.43 and $50.49, which gives a possible trading interval of +/-$0.0299 (+/-0.06%) up or down from last closing price. If iShares Ultra Short-Term Bond ETF takes out the full calculated possible swing range there will be an estimated 0.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.50 (0.08%) than the support at $50.39 (0.14%), 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 Ultra Short-Term Bond ETF ETF A Buy?
iShares Ultra Short-Term 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: -0.773 Hold/Accumulate Downgraded
Predicted Opening Price for iShares Ultra Short-Term Bond ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $50.46 ( 0%) | $50.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICSH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.48 | 0.0396 % | |
| R2 | 50.47 | 0.0245 % | ||
| R1 | 50.47 | 0.0151 % | ||
| Current price: | 50.46 | |||
| Support | S1 | 50.45 | -0.0151 % | |
| S2 | 50.45 | -0.0245 % | ||
| S3 | 50.44 | -0.0396 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.53 | 0.139 % | |
| R2 | 50.51 | 0.0892 % | ||
| R1 | 50.50 | 0.0793 % | ||
| Current price | 50.46 | |||
| Support | S1 | 50.39 | -0.139% | |
| S2 | 50.39 | -0.149% | ||
| S3 | 50.35 | -0.218% |
ICSH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.221 | 0.438% |
| 2 | Apr 01, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.228 | 0.452% |
| 3 | Mar 01, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.219 | 0.435% |
| 4 | Feb 01, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.227 | 0.451% |
| 5 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.223 | 0.444% |
FAQ
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