Ishares Global Aaa-aa Govt Bond Ucits ETF Forecast
Red day on Wednesday for Ishares Global Aaa-aa Govt Bond Ucits
(Updated on Jun 26, 2024)
The Ishares Global Aaa-aa Govt Bond Ucits ETF price fell by -0.220% on the last day (Wednesday, 26th Jun 2024) from £60.46 to £60.33. During the last trading day the ETF fluctuated 0% from a day low at £60.33 to a day high of £60.33. The price has risen in 6 of the last 10 days and is up by 1.42% over the past 2 weeks. Volume has increased on the last day by 12 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, 14 shares were bought and sold for approximately £844.57 .
The ETF lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £60.49 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -2.03% during the next 3 months and, with a 90% probability hold a price between £57.90 and £59.26 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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SAAA.L Signals & Forecast
The Ishares Global Aaa-aa Govt Bond Ucits 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 £60.41. On a fall, the ETF will find some support from the long-term average at approximately £60.27. 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. 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.517%. Further fall is indicated until a new bottom pivot has been found. Ishares Global Aaa-aa Govt Bond Ucits gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, June 13, 2024 in the short-term chart.
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 Thursday, June 13, 2024 in the short-term chart.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 Global Aaa-aa Govt Bond Ucits ETF
Ishares Global Aaa-aa Govt Bond Ucits finds support from accumulated volume at £60.18 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.221%.
Our recommended stop-loss: £58.53 (-2.98%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (SAAA.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ishares Global Aaa-aa Govt Bond Ucits Etf Usd (dist) to open at £60.33, and during the day (based on 14 day Average True Range), to move between £60.07 and £60.59, which gives a possible trading interval of +/-£0.259 (+/-0.43%) up or down from last closing price. If Ishares Global Aaa-aa Govt Bond Ucits Etf Usd (dist) takes out the full calculated possible swing range there will be an estimated 0.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £60.18 (0.25%) than the resistance at £60.90 (0.95%), 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 Global Aaa-aa Govt Bond Ucits Etf Usd (dist) ETF A Buy?
Ishares Global Aaa-aa Govt Bond Ucits 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: -0.060 Hold/Accumulate Unchanged
Predicted Opening Price for Ishares Global Aaa-aa Govt Bond Ucits Etf Usd (dist) of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £60.33 ( 0%) | £60.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAAA.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 60.33 | - |
| R2 | 60.33 | - |
| R1 | 60.33 | - |
| Price | 60.33 | |
| S1 | 60.33 | - |
| S2 | 60.33 | - |
| S3 | 60.33 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 61.37 | 1.73% |
| R2 | 61.24 | 1.51% |
| R1 | 60.90 | 0.95% |
| Price | 60.33 | |
| S1 | 60.18 | -0.251% |
| S2 | 60.15 | -0.293% |
| S3 | 60.05 | -0.459% |
SAAA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | £0.687 | 1.15% |
| 2 | Oct 12, 2023 | Oct 12, 2023 | Oct 25, 2023 | £0.582 | 0.98% |
| 3 | Apr 13, 2023 | Apr 13, 2023 | Apr 26, 2023 | £0.415 | 0.661% |
| 4 | Oct 13, 2022 | Oct 13, 2022 | Oct 26, 2022 | £0.306 | 0.483% |
| 5 | Apr 14, 2022 | Apr 14, 2022 | Apr 29, 2022 | £0.175 | 0.262% |
FAQ
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