iShares MBS ETF Forecast
iShares MBS ETF upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The iShares MBS ETF price gained 0.308% on the last trading day (Tuesday, 2nd Jul 2024), rising from $90.85 to $91.13. During the last trading day the ETF fluctuated 0.297% from a day low at $91.02 to a day high of $91.29. The price has been going up and down for this period, and there has been a -1.2% loss for the last 2 weeks. Volume fell on the last day by -3 million shares and in total, 2 million shares were bought and sold for approximately $143.01 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 lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $90.88 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 2.33% during the next 3 months and, with a 90% probability hold a price between $93.00 and $95.30 at the end of this 3-month period.
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MBB Signals & Forecast
The iShares MBS 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 $91.89 and $91.63. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.308%. 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.
Support, Risk & Stop-loss for iShares MBS ETF
iShares MBS finds support from accumulated volume at $91.07 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 $0.270 between high and low, or 0.297%. For the last week the ETF has had daily average volatility of 0.404%.
Our recommended stop-loss: $86.09 (-5.53%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (MBB) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect iShares MBS ETF to open at $91.15, and during the day (based on 14 day Average True Range), to move between $90.64 and $91.62, which gives a possible trading interval of +/-$0.494 (+/-0.54%) up or down from last closing price. If iShares MBS ETF takes out the full calculated possible swing range there will be an estimated 1.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $91.16 (0.03%) than the support at $91.07 (0.07%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is iShares MBS ETF ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.687 Buy Candidate Upgraded
Predicted Opening Price for iShares MBS ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $91.15 ( 0.0183%) | $91.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 91.42 | 0.315% |
| R2 | 91.31 | 0.201% |
| R1 | 91.25 | 0.131% |
| Price | 91.13 | |
| S1 | 91.04 | -0.0949% |
| S2 | 90.98 | -0.165% |
| S3 | 90.88 | -0.278% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 92.09 | 1.05% |
| R2 | 91.68 | 0.604% |
| R1 | 91.16 | 0.0329% |
| Price | 91.13 | |
| S1 | 91.07 | -0.0658% |
| S2 | 91.01 | -0.132% |
| S3 | 90.16 | -1.06% |
MBB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | May 01, 2024 | May 07, 2024 | $0.282 | 0.310% |
| 2 | Mar 28, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.283 | 0.310% |
| 3 | Feb 29, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.292 | 0.315% |
| 4 | Jan 31, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.297 | 0.321% |
| 5 | Nov 30, 2023 | Dec 14, 2023 | Dec 07, 2023 | $0.276 | 0.300% |
FAQ
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