iShares Core 10+ Year USD Bond ETF Forecast
Red day on Tuesday for iShares Core 10+ Year USD Bond ETF after losing 0.90%
(Updated on Apr 30, 2024)
The iShares Core 10+ Year USD Bond ETF price fell by -0.90% on the last day (Tuesday, 30th Apr 2024) from $48.70 to $48.26. During the last trading day the ETF fluctuated 0.643% from a day low at $48.22 to a day high of $48.53. The price has been going up and down for this period, and there has been a 0.21% gain for the last 2 weeks. Volume has increased on the last day by 130 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, 191 thousand shares were bought and sold for approximately $9.19 million.
The ETF lies in the lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $47.98 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -4.91% during the next 3 months and, with a 90% probability hold a price between $45.63 and $47.73 at the end of this 3-month period. 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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ILTB Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.312%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares Core 10+ Year USD Bond 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 $48.43 and $49.64. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for iShares Core 10+ Year USD Bond ETF
iShares Core 10+ Year USD Bond finds support from accumulated volume at $48.16 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 $0.310 between high and low, or 0.643%. For the last week the ETF has had daily average volatility of 0.588%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ILTB) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect iShares Core 10+ Year USD Bond ETF to open at $48.34, and during the day (based on 14 day Average True Range), to move between $47.83 and $48.69, which gives a possible trading interval of +/-$0.435 (+/-0.90%) up or down from last closing price. If iShares Core 10+ Year USD Bond ETF takes out the full calculated possible swing range there will be an estimated 1.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $48.16 (0.21%) than the resistance at $50.71 (5.08%), 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 Core 10+ Year USD Bond ETF ETF A Buy?
iShares Core 10+ Year USD Bond 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: -1.571 Sell Candidate Unchanged
Predicted Opening Price for iShares Core 10+ Year USD Bond ETF of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $48.34 ( 0.159%) | $48.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ILTB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.65 | 0.80 % | |
| R2 | 48.53 | 0.556 % | ||
| R1 | 48.46 | 0.404 % | ||
| Current price: | 48.26 | |||
| Support | S1 | 48.22 | -0.0865 % | |
| S2 | 48.15 | -0.238 % | ||
| S3 | 48.03 | -0.483 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.52 | 6.76 % | |
| R2 | 51.00 | 5.68 % | ||
| R1 | 50.71 | 5.08 % | ||
| Current price | 48.26 | |||
| Support | S1 | 48.16 | -0.207% | |
| S2 | 48.11 | -0.311% | ||
| S3 | 0 | . |
ILTB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 29, 2023 | Feb 01, 2024 | Feb 07, 2024 | $0.195 | 0.382% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.200 | 0.380% |
| 3 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | $0.200 | 0.401% |
| 4 | Nov 23, 2022 | Nov 01, 2023 | Nov 07, 2023 | $0.198 | 0.421% |
| 5 | Nov 23, 2022 | Oct 02, 2023 | Oct 06, 2023 | $0.188 | 0.413% |
FAQ
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