Ishares $ Treasury Bond 7-10yr Ucits Etf ETF Forecast
Weaker technical forecast for Ishares $ Treasury Bond 7-10yr Ucits Etf as ETF downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Ishares $ Treasury Bond 7-10yr Ucits Etf ETF price gained 0.0293% on the last trading day (Friday, 28th Jun 2024), rising from £170.85 to £170.90. During the last trading day the ETF fluctuated 0.410% from a day low at £170.90 to a day high of £171.60. The price has risen in 5 of the last 10 days but is still down by -0.3% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately £2.48 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 £167.28 and £173.36 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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IDTM.L Signals & Forecast
The Ishares $ Treasury Bond 7-10yr Ucits Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately £171.19. On a fall, the ETF will find some support from the long-term average at approximately £170.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. 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 14, 2024, and so far it has fallen -0.535%. Further fall is indicated until a new bottom pivot has been found.
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 -4.60% to £163.04 within 20 trading days since signal was issued (Friday, July 12, 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 £170.85 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 £0.700 between high and low, or 0.410%. For the last week the ETF has had daily average volatility of 0.363%.
Our recommended stop-loss: £164.10 (-3.98%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (IDTM.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares $ Treasury Bond 7-10yr Ucits Etf Usd (dist) to open at £171.13, and during the day (based on 14 day Average True Range), to move between £170.04 and £171.76, which gives a possible trading interval of +/-£0.86 (+/-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 1.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £170.85 (0.03%) than the resistance at £170.96 (0.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ishares $ Treasury Bond 7-10yr Ucits Etf Usd (dist) ETF A Buy?
Ishares $ Treasury Bond 7-10yr Ucits Etf 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: 0.000 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 7-10yr Ucits Etf Usd (dist) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £171.13 ( 0.137%) | £170.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDTM.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 171.83 | 0.546% |
| R2 | 171.57 | 0.390% |
| R1 | 171.40 | 0.293% |
| Price | 170.90 | |
| S1 | 170.87 | -0.0199% |
| S2 | 170.70 | -0.117% |
| S3 | 170.43 | -0.273% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 171.65 | 0.439% |
| R2 | 171.41 | 0.298% |
| R1 | 170.96 | 0.0351% |
| Price | 170.90 | |
| S1 | 170.85 | -0.0293% |
| S2 | 169.11 | -1.05% |
| S3 | 168.78 | -1.24% |
FAQ
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