ISHARES SHORT-TERM NATIONAL MUNI BOND ETF Forecast
ISHARES SHORT-TERM NATIONAL MUNI BOND ETF price down 0.0191% on Monday
(Updated on Jun 17, 2024)
The ISHARES SHORT-TERM NATIONAL MUNI BOND ETF price fell by -0.0191% on the last day (Monday, 17th Jun 2024) from $104.60 to $104.58. During the last trading day the ETF fluctuated 0.0956% from a day low at $104.53 to a day high of $104.63. The price has risen in 8 of the last 10 days and is up by 0.52% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -74 thousand shares and in total, 183 thousand shares were bought and sold for approximately $19.16 million.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $104.64 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect ISHARES SHORT-TERM NATIONAL MUNI BOND ETF with a 90% probability to be traded between $103.60 and $104.28 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. 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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SUB Signals & Forecast
The ISHARES SHORT-TERM NATIONAL MUNI BOND ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $104.44 and $104.46. 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). 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 -0.0191%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 11, 2023.
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 Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 11, 2023.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 Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 11, 2023.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 sell signal from a double top formation was found on Friday, June 14, 2024 and based on theory for this formation the price should fall by -0.530% to $104.02 within 26 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for ISHARES SHORT-TERM NATIONAL MUNI BOND ETF
ISHARES SHORT-TERM NATIONAL MUNI BOND finds support from accumulated volume at $104.39 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 $0.0999 between high and low, or 0.0956%. For the last week the ETF has had daily average volatility of 0.108%.
Our recommended stop-loss: $98.70 (-5.62%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (SUB) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect ISHARES SHORT-TERM NATIONAL MUNI BOND ETF ISHARES SHORT-TERM NATIONAL MUNI BOND ETF to open at $104.58, and during the day (based on 14 day Average True Range), to move between $104.44 and $104.72, which gives a possible trading interval of +/-$0.140 (+/-0.13%) up or down from last closing price. If ISHARES SHORT-TERM NATIONAL MUNI BOND ETF ISHARES SHORT-TERM NATIONAL MUNI BOND ETF takes out the full calculated possible swing range there will be an estimated 0.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $104.62 (0.04%) than the support at $104.39 (0.18%), 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-TERM NATIONAL MUNI BOND ETF ISHARES SHORT-TERM NATIONAL MUNI BOND ETF ETF A Buy?
ISHARES SHORT-TERM NATIONAL MUNI 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: 0.707 Hold/Accumulate Unchanged
Predicted Opening Price for ISHARES SHORT-TERM NATIONAL MUNI BOND ETF ISHARES SHORT-TERM NATIONAL MUNI BOND ETF of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $104.58 ( 0.00003187%) | $104.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SUB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 104.68 | 0.0955% |
| R2 | 104.64 | 0.0590% |
| R1 | 104.62 | 0.0365% |
| Price | 104.58 | |
| S1 | 104.54 | -0.0365% |
| S2 | 104.52 | -0.0591% |
| S3 | 104.48 | -0.0956% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 104.77 | 0.182% |
| R2 | 104.65 | 0.0669% |
| R1 | 104.62 | 0.0382% |
| Price | 104.58 | |
| S1 | 104.39 | -0.182% |
| S2 | 104.36 | -0.210% |
| S3 | 104.24 | -0.325% |
SUB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.179 | 0.171% |
| 2 | Nov 29, 2023 | Apr 01, 2024 | Apr 05, 2024 | $0.172 | 0.165% |
| 3 | Nov 29, 2023 | Mar 01, 2024 | Mar 07, 2024 | $0.181 | 0.172% |
| 4 | Nov 29, 2023 | Feb 01, 2024 | Feb 07, 2024 | $0.166 | 0.158% |
| 5 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.165 | 0.157% |
FAQ
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