Ishares $ Treasury Bond 7-10yr Ucits Etf ETF Forecast
Red day on Wednesday for Ishares $ Treasury Bond 7-10yr Ucits Etf ETF after losing 0.366%
(Updated on Jun 19, 2024)
The Ishares $ Treasury Bond 7-10yr Ucits Etf ETF price fell by -0.366% on the last day (Wednesday, 19th Jun 2024) from £4.31 to £4.29. During the last trading day the ETF fluctuated 0% from a day low at £4.29 to a day high of £4.29. The price has risen in 5 of the last 10 days and is up by 0.61% over the past 2 weeks. 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 -937 thousand shares and in total, 0 shares were bought and sold for approximately £0 .
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £4.31 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Ishares $ Treasury Bond 7-10yr Ucits Etf ETF with a 90% probability to be traded between £4.11 and £4.25 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. 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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IGTM.L Signals & Forecast
The Ishares $ Treasury Bond 7-10yr Ucits Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £4.28 and £4.26. A breakdown below any of these levels will issue sell signals. 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 Friday, June 14, 2024, and so far it has fallen -0.487%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Friday, June 14, 2024 and based on theory for this formation the price should fall by -4.76% to £4.09 within 20 trading days since signal was issued (Friday, July 12, 2024).
Support, Risk & Stop-loss for Ishares $ Treasury Bond 7-10yr Ucits Etf ETF
Ishares $ Treasury Bond 7-10yr Ucits Etf finds support from accumulated volume at £4.25 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.383%
Our recommended stop-loss: £4.14 (-3.66%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (IGTM.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Ishares $ Treasury Bond 7-10yr Ucits Etf Usd (dist) to open at £4.29, and during the day (based on 14 day Average True Range), to move between £4.27 and £4.32, which gives a possible trading interval of +/-£0.0244 (+/-0.57%) up or down from last closing price. If Ishares $ Treasury Bond 7-10yr Ucits Etf Usd (dist) takes out the full calculated possible swing range there will be an estimated 1.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £4.30 (0.17%) than the support at £4.25 (1.00%), 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 $ Treasury Bond 7-10yr Ucits Etf Usd (dist) ETF A Buy?
Ishares $ Treasury Bond 7-10yr Ucits Etf 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: 0.319 Hold/Accumulate Unchanged
Predicted Opening Price for Ishares $ Treasury Bond 7-10yr Ucits Etf Usd (dist) of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £4.29 ( 0%) | £4.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IGTM.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.29 | - |
| R2 | 4.29 | - |
| R1 | 4.29 | - |
| Price | 4.29 | |
| S1 | 4.29 | - |
| S2 | 4.29 | - |
| S3 | 4.29 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.33 | 0.86% |
| R2 | 4.31 | 0.396% |
| R1 | 4.30 | 0.169% |
| Price | 4.29 | |
| S1 | 4.25 | -1.00% |
| S2 | 4.24 | -1.23% |
| S3 | 4.23 | -1.47% |
IGTM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 30, 2024 | £0.0795 | 1.89% |
| 2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.0745 | 1.77% |
| 3 | May 19, 2023 | May 19, 2023 | May 19, 2023 | £0.0601 | 1.34% |
| 4 | Nov 17, 2022 | Nov 17, 2022 | Nov 17, 2022 | £0.0532 | 1.19% |
| 5 | May 12, 2022 | May 12, 2022 | May 12, 2022 | £0.0385 | 0.80% |
FAQ
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