iShares S&P/Citigroup International ETF Forecast
iShares S&P/Citigroup International ETF price ended at $38.52 on Tuesday, after losing 0.207%.
(Updated on Jul 02, 2024)
The iShares S&P/Citigroup International ETF price fell by -0.207% on the last day (Tuesday, 2nd Jul 2024) from $38.60 to $38.52. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 2.02% from a day low at $38.21 to a day high of $38.98. The price has fallen in 6 of the last 10 days and is down by -1.31% for this period. Volume has increased on the last day by 145 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 290 thousand shares were bought and sold for approximately $11.17 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 S&P/Citigroup International ETF with a 90% probability to be traded between $38.18 and $39.44 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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IGOV Signals & Forecast
There are few to no technical positive signals at the moment. The iShares S&P/Citigroup International 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 $38.72 and $39.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -2.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
A sell signal from a double top formation was found on Tuesday, June 04, 2024 with a target of $38.55. Despite whether the objective of the signal formation has been reached the ETF may continue to fall.
Support, Risk & Stop-loss for iShares S&P/Citigroup International ETF
iShares S&P/Citigroup International finds support from accumulated volume at $38.46 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 $0.770 between high and low, or 2.02%. For the last week the ETF has had daily average volatility of 0.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IGOV) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect iShares S&P/Citigroup International Treasury Bond Fund to open at $38.57, and during the day (based on 14 day Average True Range), to move between $38.14 and $38.90, which gives a possible trading interval of +/-$0.375 (+/-0.97%) up or down from last closing price. If iShares S&P/Citigroup International Treasury Bond Fund takes out the full calculated possible swing range there will be an estimated 1.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $38.46 (0.16%) than the resistance at $38.65 (0.34%), 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 S&P/Citigroup International Treasury Bond Fund ETF A Buy?
iShares S&P/Citigroup International holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.992 Sell Candidate Unchanged
Predicted Opening Price for iShares S&P/Citigroup International Treasury Bond Fund of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $38.57 ( 0.130%) | $38.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IGOV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39.34 | 2.13% |
| R2 | 39.05 | 1.37% |
| R1 | 38.86 | 0.89% |
| Price | 38.52 | |
| S1 | 38.28 | -0.634% |
| S2 | 38.09 | -1.11% |
| S3 | 37.80 | -1.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39.44 | 2.39% |
| R2 | 39.24 | 1.87% |
| R1 | 38.65 | 0.337% |
| Price | 38.52 | |
| S1 | 38.46 | -0.156% |
| S2 | 38.43 | -0.234% |
| S3 | 38.42 | -0.260% |
IGOV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2022 | Dec 15, 2022 | Dec 21, 2022 | $0.0420 | 0.107% |
| 2 | Dec 15, 2021 | Dec 16, 2021 | Dec 22, 2021 | $0.197 | 0.391% |
| 3 | Dec 19, 2019 | Dec 19, 2019 | Dec 26, 2019 | $0.122 | 0.244% |
| 4 | Dec 18, 2018 | Dec 18, 2018 | Dec 24, 2018 | $0.151 | 0.313% |
| 5 | Dec 21, 2017 | Dec 21, 2017 | Dec 28, 2017 | $0.0210 | 0.0423% |
FAQ
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