iShares Government Inflation ETF Forecast

iShares Government Inflation ETF downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Jun 20, 2024)

ILB.AX Signals & Forecast

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. The iShares Government Inflation ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at A$124.65 and A$124.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -0.789%. Further fall is indicated until a new bottom pivot has been found. iShares Government Inflation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The ETF had a Golden Star Signal on Thursday, June 13, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for iShares Government Inflation ETF

iShares Government Inflation finds support from accumulated volume at A$124.42 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 A$0.210 between high and low, or 0.169%. For the last week the ETF has had daily average volatility of 0.273%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ILB.AX) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect iShares Government Inflation ETF to open at A$124.48, and during the day (based on 14 day Average True Range), to move between A$123.96 and A$124.96, which gives a possible trading interval of +/-A$0.498 (+/-0.40%) up or down from last closing price. If iShares Government Inflation ETF takes out the full calculated possible swing range there will be an estimated 0.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at A$124.42 (0.03%) than the resistance at A$124.78 (0.26%), 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 Government Inflation ETF ETF A Buy?

iShares Government Inflation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.557 Sell Candidate Downgraded

Predicted Opening Price for iShares Government Inflation ETF of Friday, June 21, 2024

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