iShares Core Total USD Bond Market ETF Forecast
iShares Core Total USD Bond Market ETF upgraded to Hold/Accumulate.
(Updated on Apr 17, 2024)
The iShares Core Total USD Bond Market ETF price gained 0.474% on the last trading day (Wednesday, 17th Apr 2024), rising from $44.30 to $44.51. During the last trading day the ETF fluctuated 0.361% from a day low at $44.37 to a day high of $44.53. The price has fallen in 6 of the last 10 days and is down by -1.37% for this period. Volume fell on the last day by -283 thousand shares and in total, 2 million shares were bought and sold for approximately $99.12 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $44.29 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect iShares Core Total USD Bond Market ETF with a 90% probability to be traded between $43.54 and $44.84 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.
IUSB Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.474%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares Core Total USD Bond Market 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 $44.62 and $45.22. 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).
Support, Risk & Stop-loss for iShares Core Total USD Bond Market ETF
iShares Core Total USD Bond Market finds support from accumulated volume at $44.42 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 $0.160 between high and low, or 0.361%. For the last week the ETF has had daily average volatility of 0.309%.
Our recommended stop-loss: $41.92 (-5.82%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (IUSB) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect iShares Core Total USD Bond Market ETF to open at $44.47, and during the day (based on 14 day Average True Range), to move between $44.30 and $44.72, which gives a possible trading interval of +/-$0.207 (+/-0.47%) up or down from last closing price. If iShares Core Total USD Bond Market ETF takes out the full calculated possible swing range there will be an estimated 0.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $44.42 (0.20%) than the resistance at $45.23 (1.62%), 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 Total USD Bond Market ETF ETF A Buy?
iShares Core Total USD Bond Market holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.093 Hold/Accumulate Upgraded
Predicted Opening Price for iShares Core Total USD Bond Market ETF of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $44.47 ( 0.0899%) | $44.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IUSB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.63 | 0.270 % | |
| R2 | 44.57 | 0.132 % | ||
| R1 | 44.53 | 0.0475 % | ||
| Current price: | 44.51 | |||
| Support | S1 | 44.41 | -0.227 % | |
| S2 | 44.37 | -0.312 % | ||
| S3 | 44.31 | -0.449 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.65 | 2.56 % | |
| R2 | 45.59 | 2.43 % | ||
| R1 | 45.23 | 1.62 % | ||
| Current price | 44.51 | |||
| Support | S1 | 44.42 | -0.202% | |
| S2 | 44.30 | -0.472% | ||
| S3 | 0 | . |
IUSB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.150 | 0.334% |
| 2 | Feb 29, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.146 | 0.321% |
| 3 | Jan 31, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.130 | 0.286% |
| 4 | Nov 30, 2023 | Dec 14, 2023 | Dec 07, 2023 | $0.145 | 0.321% |
| 5 | Nov 30, 2023 | Dec 01, 2023 | Dec 07, 2023 | $0.143 | 0.316% |
FAQ
Click here for our free guide on how to buy iShares Core Total USD Bond Market ETF ETF.
