Ishares Us Mortgage Backed Securities ETF Forecast
Ishares Us Mortgage Backed Securities ETF downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jun 27, 2024)
The Ishares Us Mortgage Backed Securities ETF price gained 0.0106% on the last trading day (Thursday, 27th Jun 2024), rising from 3.78€ to 3.78€. During the last trading day the ETF fluctuated 0.502% from a day low at 3.77€ to a day high of 3.79€. The price has risen in 5 of the last 10 days and is up by 0.45% over the past 2 weeks. Volume fell on the last day by -299 shares and in total, 303 shares were bought and sold for approximately 1.14€ thousand. 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 Us Mortgage Backed Securities ETF with a 90% probability to be traded between 3.77€ and 3.85€ 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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QDVP.F Signals & Forecast
The Ishares Us Mortgage Backed Securities ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 3.78€. On a fall, the ETF will find some support from the long-term average at approximately 3.76€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, June 14, 2024, and so far it has fallen -0.605%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 04, 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 Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 04, 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 Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 04, 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.
Support, Risk & Stop-loss for Ishares Us Mortgage Backed Securities ETF
Ishares Us Mortgage Backed Securities finds support from accumulated volume at 3.77€ 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 0.0189€ between high and low, or 0.502%. For the last week the ETF has had daily average volatility of 0.339%
Our recommended stop-loss: 3.64€ (-3.57%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (QDVP.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ishares Us Mortgage Backed Securities Ucits Etf Usd (dist) to open at 3.78€, and during the day (based on 14 day Average True Range), to move between 3.76€ and 3.79€, which gives a possible trading interval of +/-0.0171€ (+/-0.45%) up or down from last closing price. If Ishares Us Mortgage Backed Securities Ucits Etf Usd (dist) takes out the full calculated possible swing range there will be an estimated 0.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 3.78€ (0.04%) than the support at 3.77€ (0.19%), 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 Us Mortgage Backed Securities Ucits Etf Usd (dist) ETF A Buy?
Ishares Us Mortgage Backed Securities 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.563 Hold/Accumulate Downgraded
Predicted Opening Price for Ishares Us Mortgage Backed Securities Ucits Etf Usd (dist) of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
3.78€ ( 0.0238%) | 3.78€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QDVP.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.80 | 0.477% |
R2 | 3.79 | 0.285% |
R1 | 3.78 | 0.167% |
Price | 3.78 | |
S1 | 3.77 | -0.215% |
S2 | 3.76 | -0.333% |
S3 | 3.76 | -0.524% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.79 | 0.442% |
R2 | 3.79 | 0.344% |
R1 | 3.78 | 0.0424% |
Price | 3.78 | |
S1 | 3.77 | -0.185% |
S2 | 3.76 | -0.450% |
S3 | 3.73 | -1.24% |
FAQ
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