iShares Trust - iShares Core 1-5 Year ETF Forecast
iShares Trust - iShares Core 1-5 Year ETF upgraded to Buy Candidate.
(Updated on May 08, 2024)
The iShares Trust - iShares Core 1-5 Year ETF price fell by -0.0424% on the last day (Wednesday, 8th May 2024) from $47.13 to $47.11. During the last trading day the ETF fluctuated 0.0637% from a day low at $47.10 to a day high of $47.13. The price has risen in 5 of the last 10 days and is up by 0.34% 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 -181 thousand shares and in total, 189 thousand shares were bought and sold for approximately $8.88 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 Trust - iShares Core 1-5 Year ETF with a 90% probability to be traded between $46.28 and $46.82 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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ISTB Signals & Forecast
The iShares Trust - iShares Core 1-5 Year ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $47.03 and $47.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.576%. Further rise is indicated until a new top pivot has been found. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Thursday, May 02, 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.
Golden Star
The ETF had a Golden Star Signal on Thursday, May 02, 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 Trust - iShares Core 1-5 Year ETF
iShares Trust - iShares Core 1-5 Year finds support from accumulated volume at $46.98 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 $0.0300 between high and low, or 0.0637%. For the last week the ETF has had daily average volatility of 0.144%.
Our recommended stop-loss: $43.49 (-7.69%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (ISTB) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect iShares Trust - iShares Core 1-5 Year USD Bond ETF to open at $47.11, and during the day (based on 14 day Average True Range), to move between $47.01 and $47.21, which gives a possible trading interval of +/-$0.104 (+/-0.22%) up or down from last closing price. If iShares Trust - iShares Core 1-5 Year USD Bond ETF takes out the full calculated possible swing range there will be an estimated 0.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $46.98 (0.28%) than the resistance at $47.30 (0.40%), 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 Trust - iShares Core 1-5 Year USD Bond ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iShares Trust - iShares Core 1-5 Year ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.859 Buy Candidate Upgraded
Predicted Opening Price for iShares Trust - iShares Core 1-5 Year USD Bond ETF of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
$47.11 ( 0.0071%) | $47.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISTB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.14 | 0.0708 % | |
R2 | 47.13 | 0.0464 % | ||
R1 | 47.12 | 0.0314 % | ||
Current price: | 47.11 | |||
Support | S1 | 47.10 | -0.0173 % | |
S2 | 47.09 | -0.0323 % | ||
S3 | 47.08 | -0.0566 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.39 | 0.594 % | |
R2 | 47.38 | 0.573 % | ||
R1 | 47.30 | 0.403 % | ||
Current price | 47.11 | |||
Support | S1 | 46.98 | -0.276% | |
S2 | 46.95 | -0.340% | ||
S3 | 46.92 | -0.403% |
ISTB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 30, 2024 | May 01, 2024 | May 07, 2024 | $0.146 | 0.310% |
2 | Mar 28, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.150 | 0.319% |
3 | Feb 29, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.140 | 0.296% |
4 | Jan 31, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.140 | 0.295% |
5 | Nov 30, 2023 | Dec 14, 2023 | Dec 07, 2023 | $0.146 | 0.310% |
FAQ
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