iShares 3-7 Year Treasury 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
iShares 3-7 Year Treasury Bond ETF price up 0.0088% on Wednesday
(Updated on May 01, 2024)
The iShares 3-7 Year Treasury Bond ETF price gained 0.0088% on the last trading day (Wednesday, 1st May 2024), rising from $113.50 to $113.51. During the last trading day the ETF fluctuated 0.539% from a day low at $113.16 to a day high of $113.77. The price has risen in 6 of the last 10 days but is still down by -0.27% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $316.26 million.
The ETF lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.17% during the next 3 months and, with a 90% probability hold a price between $110.51 and $112.48 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
There are mixed signals in the ETF today. 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 $113.63 and $114.55. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.0705%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for iShares 3-7 Year Treasury Bond ETF
iShares 3-7 Year Treasury Bond finds support from accumulated volume at $113.50 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 $0.610 between high and low, or 0.539%. For the last week the ETF has had daily average volatility of 0.238%.
Our recommended stop-loss: $106.62 (-6.07%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (IEI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect iShares 3-7 Year Treasury Bond ETF to open at $113.48, and during the day (based on 14 day Average True Range), to move between $113.13 and $113.89, which gives a possible trading interval of +/-$0.384 (+/-0.34%) 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 0.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $113.50 (0.01%) than the resistance at $115.26 (1.54%), 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 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.
Current score: -0.018 Hold/Accumulate Unchanged
Predicted Opening Price for iShares 3-7 Year Treasury Bond ETF of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $113.48 ( 0.0264%) | $113.51 |
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 | 114.09 | 0.511 % | |
| R2 | 113.86 | 0.306 % | ||
| R1 | 113.71 | 0.179 % | ||
| Current price: | 113.51 | |||
| Support | S1 | 113.25 | -0.232 % | |
| S2 | 113.10 | -0.359 % | ||
| S3 | 112.87 | -0.564 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 116.35 | 2.50 % | |
| R2 | 115.81 | 2.03 % | ||
| R1 | 115.26 | 1.54 % | ||
| Current price | 113.51 | |||
| Support | S1 | 113.50 | -0.0088% | |
| S2 | 113.45 | -0.0529% | ||
| S3 | 113.43 | -0.0705% |
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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