iShares 3-7 Year Treasury Bond ETF Forecast
iShares 3-7 Year Treasury Bond ETF price ended at $113.56 on Thursday, after losing 0.228%.
(Updated on Apr 18, 2024)
The iShares 3-7 Year Treasury Bond ETF price fell by -0.228% on the last day (Thursday, 18th Apr 2024) from $113.82 to $113.56. During the last trading day the ETF fluctuated 0.242% from a day low at $113.49 to a day high of $113.77. The price has fallen in 6 of the last 10 days and is down by -1.47% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -572 thousand shares and in total, 1 million shares were bought and sold for approximately $134.74 million.
The ETF lies in the lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $113.35 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -2.03% during the next 3 months and, with a 90% probability hold a price between $111.05 and $113.15 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IEI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.115%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares 3-7 Year Treasury Bond ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $113.72 and $115.14. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for iShares 3-7 Year Treasury Bond ETF
iShares 3-7 Year Treasury Bond finds support from accumulated volume at $113.43 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 $0.275 between high and low, or 0.242%. For the last week the ETF has had daily average volatility of 0.254%.
Our recommended stop-loss: $106.27 (-6.42%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (IEI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect iShares 3-7 Year Treasury Bond ETF to open at $113.61, and during the day (based on 14 day Average True Range), to move between $113.14 and $113.98, which gives a possible trading interval of +/-$0.422 (+/-0.37%) up or down from last closing price. If iShares 3-7 Year Treasury Bond ETF takes out the full calculated possible swing range there will be an estimated 0.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $113.43 (0.11%) than the resistance at $115.26 (1.50%), 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 3-7 Year Treasury Bond ETF ETF A Buy?
iShares 3-7 Year Treasury Bond 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.
Current score: -0.557 Hold/Accumulate Unchanged
Predicted Opening Price for iShares 3-7 Year Treasury Bond ETF of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $113.61 ( 0.0396%) | $113.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IEI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 113.88 | 0.282 % | |
| R2 | 113.77 | 0.189 % | ||
| R1 | 113.71 | 0.132 % | ||
| Current price: | 113.56 | |||
| Support | S1 | 113.50 | -0.0529 % | |
| S2 | 113.44 | -0.110 % | ||
| S3 | 113.33 | -0.203 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 116.58 | 2.66 % | |
| R2 | 116.35 | 2.46 % | ||
| R1 | 115.26 | 1.50 % | ||
| Current price | 113.56 | |||
| Support | S1 | 113.43 | -0.114% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
IEI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.306 | 0.266% |
| 2 | Feb 29, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.275 | 0.236% |
| 3 | Jan 31, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.287 | 0.247% |
| 4 | Nov 30, 2023 | Dec 14, 2023 | Dec 07, 2023 | $0.292 | 0.252% |
| 5 | Nov 30, 2023 | Dec 01, 2023 | Dec 07, 2023 | $0.275 | 0.238% |
FAQ
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