Ishares Global Govt Bond Ucits Etf Usd ETF Forecast
Ishares Global Govt Bond Ucits Etf Usd ETF upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The Ishares Global Govt Bond Ucits Etf Usd ETF price gained 0.230% on the last trading day (Tuesday, 25th Jun 2024), rising from $89.01 to $89.22. During the last trading day the ETF fluctuated 0.544% from a day low at $89.22 to a day high of $89.70. The price has been going up and down for this period, and there has been a 0.97% gain for the last 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 3 thousand shares were bought and sold for approximately $235.17 thousand. 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 Global Govt Bond Ucits Etf Usd ETF with a 90% probability to be traded between $87.91 and $89.92 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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IGLO.L Signals & Forecast
The Ishares Global Govt Bond Ucits Etf Usd 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 $89.33. On a fall, the ETF will find some support from the long-term average at approximately $89.02. 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). 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 Thursday, June 06, 2024, and so far it has fallen -0.607%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -2.88% to $86.65 within 15 trading days since signal was issued (Thursday, June 27, 2024).
Support, Risk & Stop-loss for Ishares Global Govt Bond Ucits Etf Usd ETF
Ishares Global Govt Bond Ucits Etf Usd finds support from accumulated volume at $88.73 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.485 between high and low, or 0.544%. For the last week the ETF has had daily average volatility of 0.472%
Our recommended stop-loss: $85.90 (-3.71%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (IGLO.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ishares Global Govt Bond Ucits Etf Usd (dist) to open at $89.38, and during the day (based on 14 day Average True Range), to move between $88.69 and $89.74, which gives a possible trading interval of +/-$0.524 (+/-0.59%) up or down from last closing price. If Ishares Global Govt Bond Ucits Etf Usd (dist) takes out the full calculated possible swing range there will be an estimated 1.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $89.52 (0.34%) than the support at $88.73 (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 Global Govt Bond Ucits Etf Usd (dist) ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ishares Global Govt Bond Ucits Etf Usd ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.733 Buy Candidate Upgraded
Predicted Opening Price for Ishares Global Govt Bond Ucits Etf Usd (dist) of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $89.38 ( 0.181%) | $89.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IGLO.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 89.86 | 0.725% |
| R2 | 89.68 | 0.517% |
| R1 | 89.56 | 0.389% |
| Price | 89.22 | |
| S1 | 89.19 | -0.0265% |
| S2 | 89.08 | -0.155% |
| S3 | 88.89 | -0.362% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 90.51 | 1.45% |
| R2 | 89.60 | 0.432% |
| R1 | 89.52 | 0.336% |
| Price | 89.22 | |
| S1 | 88.73 | -0.544% |
| S2 | 87.72 | -1.68% |
| S3 | 87.69 | -1.71% |
IGLO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 11, 2024 | Jan 24, 2024 | $1.04 | 1.15% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 26, 2023 | $0.82 | 0.89% |
| 3 | Jan 12, 2023 | Jan 12, 2023 | Jan 25, 2023 | $0.558 | 0.594% |
| 4 | Jul 14, 2022 | Jul 14, 2022 | Jul 27, 2022 | $0.381 | 0.398% |
| 5 | Jan 13, 2022 | Jan 13, 2022 | Jan 26, 2022 | $0.337 | 0.305% |
FAQ
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