Ishares $ Treasury Bond 20+yr Ucits Etf ETF Forecast
Ishares $ Treasury Bond 20+yr Ucits Etf ETF downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Ishares $ Treasury Bond 20+yr Ucits Etf ETF price fell by -0.482% on the last day (Friday, 28th Jun 2024) from $3.43 to $3.41. During the last trading day the ETF fluctuated 1.53% from a day low at $3.40 to a day high of $3.45. The price has risen in 5 of the last 10 days but is still down by -0.7% for this period. Volume has increased on the last day by 904 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 904 thousand shares were bought and sold for approximately $3.08 million.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.30% during the next 3 months and, with a 90% probability hold a price between $3.47 and $3.64 at the end of this 3-month period.
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IDTL.L Signals & Forecast
There are few to no technical positive signals at the moment. The Ishares $ Treasury Bond 20+yr 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 $3.44 and $3.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -2.81%. 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). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Ishares $ Treasury Bond 20+yr Ucits Etf ETF
Ishares $ Treasury Bond 20+yr Ucits Etf finds support from accumulated volume at $3.39 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 $0.0520 between high and low, or 1.53%. For the last week the ETF has had daily average volatility of 0.87%.
Our recommended stop-loss: $3.26 (-4.44%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (IDTL.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares $ Treasury Bond 20+yr Ucits Etf Usd (dist) to open at $3.42, and during the day (based on 14 day Average True Range), to move between $3.37 and $3.45, which gives a possible trading interval of +/-$0.0409 (+/-1.20%) up or down from last closing price. If Ishares $ Treasury Bond 20+yr Ucits Etf Usd (dist) takes out the full calculated possible swing range there will be an estimated 2.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.41 (0.04%) than the support at $3.39 (0.54%), 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 20+yr Ucits Etf Usd (dist) ETF A Buy?
Ishares $ Treasury Bond 20+yr 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. 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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ishares $ Treasury Bond 20+yr Ucits Etf Usd (dist) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $3.42 ( 0.244%) | $3.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDTL.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.47 | 1.77% |
| R2 | 3.45 | 1.19% |
| R1 | 3.44 | 0.83% |
| Price | 3.41 | |
| S1 | 3.40 | -0.338% |
| S2 | 3.38 | -0.698% |
| S3 | 3.36 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.43 | 0.484% |
| R2 | 3.42 | 0.337% |
| R1 | 3.41 | 0.0440% |
| Price | 3.41 | |
| S1 | 3.39 | -0.543% |
| S2 | 3.32 | -2.60% |
| S3 | 3.31 | -2.89% |
IDTL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.0717 | 1.97% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | $0.0669 | 1.77% |
| 3 | Dec 15, 2022 | Dec 15, 2022 | Dec 15, 2022 | $0.0592 | 1.48% |
| 4 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | $0.0528 | 1.30% |
| 5 | Dec 16, 2021 | Dec 16, 2021 | Dec 16, 2021 | $0.0491 | 0.89% |
FAQ
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