Ishares Vii Plc - Ishares $ Treasury ETF Forecast

Ishares Vii Plc - Ishares $ Treasury ETF downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

SXRM.F Signals & Forecast

The Ishares Vii Plc - Ishares $ Treasury 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 142.22€. On a fall, the ETF will find some support from the long-term average at approximately 140.94€. 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 -0.644%. Further fall is indicated until a new bottom pivot has been found. Ishares Vii Plc - Ishares $ Treasury 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".

Support, Risk & Stop-loss for Ishares Vii Plc - Ishares $ Treasury ETF

Ishares Vii Plc - Ishares $ Treasury finds support from accumulated volume at 140.73€ 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 0.655€ between high and low, or 0.462%. For the last week the ETF has had daily average volatility of 0.322%.

Our recommended stop-loss: 137.61€ (-3.02%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (SXRM.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ishares Vii Plc - Ishares $ Treasury Bond 7-10yr Ucits Etf Usd (acc) to open at 142.07€, and during the day (based on 14 day Average True Range), to move between 141.26€ and 142.54€, which gives a possible trading interval of +/-0.635€ (+/-0.45%) up or down from last closing price. If Ishares Vii Plc - Ishares $ Treasury Bond 7-10yr Ucits Etf Usd (acc) takes out the full calculated possible swing range there will be an estimated 0.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 142.33€ (0.30%) than the support at 140.73€ (0.82%), 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 Vii Plc - Ishares $ Treasury Bond 7-10yr Ucits Etf Usd (acc) ETF A Buy?

Ishares Vii Plc - Ishares $ Treasury 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. 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: 0.276 Hold/Accumulate Downgraded

Predicted Opening Price for Ishares Vii Plc - Ishares $ Treasury Bond 7-10yr Ucits Etf Usd (acc) of Monday, July 1, 2024

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