iShares Core Total USD Bond Market ETF Forecast
Weaker technical forecast for iShares Core Total USD Bond Market as ETF downgraded to Sell Candidate.
(Updated on Apr 30, 2024)
The iShares Core Total USD Bond Market ETF price fell by -0.449% on the last day (Tuesday, 30th Apr 2024) from $44.57 to $44.37. During the last trading day the ETF fluctuated 0.322% from a day low at $44.36 to a day high of $44.50. The price has risen in 6 of the last 10 days and is up by 0.16% over the past 2 weeks. Volume has increased on the last day by 997 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, 4 million shares were bought and sold for approximately $165.99 million.
The ETF lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.49% during the next 3 months and, with a 90% probability hold a price between $43.01 and $44.09 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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IUSB Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.158%. 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. 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 $44.47 and $44.95. A break-up above any of these levels will issue buy signals. 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 Total USD Bond Market ETF
iShares Core Total USD Bond Market finds support from accumulated volume at $44.34 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 $0.143 between high and low, or 0.322%. For the last week the ETF has had daily average volatility of 0.256%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IUSB) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect iShares Core Total USD Bond Market ETF to open at $44.41, and during the day (based on 14 day Average True Range), to move between $44.18 and $44.56, which gives a possible trading interval of +/-$0.193 (+/-0.43%) 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 0.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $44.34 (0.07%) than the resistance at $44.57 (0.45%), 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 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: -1.499 Sell Candidate Downgraded
Predicted Opening Price for iShares Core Total USD Bond Market ETF of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $44.41 ( 0.0848%) | $44.37 |
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 | 44.55 | 0.407 % | |
| R2 | 44.50 | 0.284 % | ||
| R1 | 44.46 | 0.208 % | ||
| Current price: | 44.37 | |||
| Support | S1 | 44.35 | -0.0382 % | |
| S2 | 44.32 | -0.114 % | ||
| S3 | 44.26 | -0.237 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.23 | 1.94 % | |
| R2 | 45.15 | 1.76 % | ||
| R1 | 44.57 | 0.451 % | ||
| Current price | 44.37 | |||
| Support | S1 | 44.34 | -0.0676% | |
| S2 | 44.30 | -0.158% | ||
| 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
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