Ishares $ Treasury Bond 7-10yr Ucits Etf ETF Forecast

Ishares $ Treasury Bond 7-10yr Ucits Etf ETF price ended at £4.29 on Wednesday, after losing 0.395%.
(Updated on Jun 26, 2024)

IGTM.L Signals & Forecast

The Ishares $ Treasury Bond 7-10yr Ucits Etf 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 £4.30. On a fall, the ETF will find some support from the long-term average at approximately £4.27. 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 Friday, June 14, 2024, and so far it has fallen -0.608%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Sell

Special Signal Notification

Double Top Formation

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 -4.64% 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved £0.0177 between high and low, or 0.413%. For the last week the ETF has had daily average volatility of 0.438%.

Our recommended stop-loss: £4.12 (-3.92%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (IGTM.L) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th 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 £4.26 and £4.31, which gives a possible trading interval of +/-£0.0236 (+/-0.55%) 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 1.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £4.29 (0.05%) than the support at £4.25 (0.88%), 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: -0.751 Hold/Accumulate Unchanged

Predicted Opening Price for Ishares $ Treasury Bond 7-10yr Ucits Etf Usd (dist) of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.