FlexShares Disciplined Duration MBS ETF Forecast

FlexShares Disciplined Duration MBS ETF upgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)

MBSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.137%. 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 FlexShares Disciplined Duration MBS 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 $20.00 and $20.21. 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 fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for FlexShares Disciplined Duration MBS ETF

FlexShares Disciplined Duration MBS finds support from accumulated volume at $19.90 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0100 between high and low, or 0.0502%. For the last week the ETF has had daily average volatility of 0.146%

Our recommended stop-loss: $18.69 (-6.22%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (MBSD) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect FlexShares Disciplined Duration MBS Index Fund to open at $19.93, and during the day (based on 14 day Average True Range), to move between $19.86 and $20.00, which gives a possible trading interval of +/-$0.0747 (+/-0.38%) up or down from last closing price. If FlexShares Disciplined Duration MBS Index Fund takes out the full calculated possible swing range there will be an estimated 0.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $19.90 (0.14%) than the resistance at $20.18 (1.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is FlexShares Disciplined Duration MBS Index Fund ETF A Buy?

FlexShares Disciplined Duration MBS 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: -0.588 Hold/Accumulate Upgraded

Predicted Opening Price for FlexShares Disciplined Duration MBS Index Fund of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.