iShares 3-7 Year Treasury Bond ETF Forecast

Sell candidate since Jan 17, 2025 Gain 0.16%

The iShares 3-7 Year Treasury Bond ETF price gained 0.164% on the last trading day (Tuesday, 21st Jan 2025), rising from $115.56 to $115.75. During the last trading day the ETF fluctuated 0.144% from a day low at $115.60 to a day high of $115.77. The price has risen in 5 of the last 10 days and is up by 0.29% over the past 2 weeks. Volume fell on the last day by -190 thousand shares and in total, 1 million shares were bought and sold for approximately $119.85 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 3-7 Year Treasury Bond ETF with a 90% probability to be traded between $112.73 and $114.63 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 ETF seldom manage to go directly from the bottom of a trend up to the top. ETF turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the ETF 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 Monday, January 13, 2025, and so far it has risen 1.03%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the ETF. On further gains, the ETF will meet resistance from the long-term Moving Average at $115.84. On a fall, the ETF will find some support from the short-term average at $115.17. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. The ETF had a Golden Star Signal on Wednesday, June 12, 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.

Support, Risk & Stop-loss for iShares 3-7 Year Treasury Bond ETF

iShares 3-7 Year Treasury Bond finds support from accumulated volume at $115.61 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 ETF. During the last day, the ETF moved $0.167 between high and low, or 0.144%. For the last week the ETF has had daily average volatility of 0.194%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IEI) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect iShares 3-7 Year Treasury Bond ETF to open at $115.71, and during the day (based on 14 day Average True Range), to move between $115.41 and $116.09, which gives a possible trading interval of +/-$0.337 (+/-0.29%) 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 0.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $115.81 (0.05%) than the support at $115.61 (0.12%), 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 3-7 Year Treasury Bond ETF ETF A Buy?

iShares 3-7 Year Treasury Bond holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -2.905 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on January 22, 2025 - $115.71 ( 0.0365%).