iShares Short Maturity Municipal Bond ETF Forecast
Green day on Friday for iShares Short Maturity Municipal Bond ETF after gaining 0.0300%
(Updated on May 31, 2024)
The iShares Short Maturity Municipal Bond ETF price gained 0.0300% on the last trading day (Friday, 31st May 2024), rising from $50.08 to $50.09. During the last trading day the ETF fluctuated 0.170% from a day low at $50.07 to a day high of $50.15. The price has risen in 8 of the last 10 days and is up by 0.1% over the past 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 44 thousand shares were bought and sold for approximately $2.19 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 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 Short Maturity Municipal Bond ETF with a 90% probability to be traded between $49.97 and $50.17 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.
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MEAR Signals & Forecast
The iShares Short Maturity Municipal Bond ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $50.09 and $50.04. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -0.0399%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Wednesday, May 08, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 13, 2024.
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 Wednesday, May 08, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 13, 2024.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 12 Months
The ETF had a Golden Star Signal on Wednesday, May 08, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 13, 2024.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.
A buy signal from a double bottom formation was found on Wednesday, May 01, 2024 with a target of $50.03. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for iShares Short Maturity Municipal Bond ETF
iShares Short Maturity Municipal Bond finds support from accumulated volume at $49.98 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 $0.0849 between high and low, or 0.170%. For the last week the ETF has had daily average volatility of 0.140%.
Our recommended stop-loss: $47.98 (-4.22%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (MEAR) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect iShares Short Maturity Municipal Bond ETF to open at $50.10, and during the day (based on 14 day Average True Range), to move between $50.03 and $50.15, which gives a possible trading interval of +/-$0.0637 (+/-0.13%) up or down from last closing price. If iShares Short Maturity Municipal Bond ETF takes out the full calculated possible swing range there will be an estimated 0.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.10 (0.02%) than the support at $49.98 (0.22%), 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 Short Maturity Municipal Bond ETF ETF A Buy?
iShares Short Maturity Municipal Bond holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.347 Hold/Accumulate Unchanged
Predicted Opening Price for iShares Short Maturity Municipal Bond ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $50.10 ( 0.0234%) | $50.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MEAR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.19 | 0.193 % | |
| R2 | 50.15 | 0.128 % | ||
| R1 | 50.13 | 0.0881 % | ||
| Current price: | 50.09 | |||
| Support | S1 | 50.07 | -0.0414 % | |
| S2 | 50.05 | -0.0814 % | ||
| S3 | 50.02 | -0.146 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.14 | 0.0998 % | |
| R2 | 50.11 | 0.0399 % | ||
| R1 | 50.10 | 0.0200 % | ||
| Current price | 50.09 | |||
| Support | S1 | 49.98 | -0.220% | |
| S2 | 49.96 | -0.260% | ||
| S3 | 49.95 | -0.279% |
MEAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.158 | 0.317% |
| 2 | Apr 01, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.153 | 0.307% |
| 3 | Mar 01, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.139 | 0.277% |
| 4 | Feb 01, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.145 | 0.290% |
| 5 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.142 | 0.284% |
FAQ
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