FlexShares iBoxx 3-Year Target Duration ETF Forecast
Weaker technical forecast for FlexShares iBoxx 3-Year Target Duration as ETF downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)
The FlexShares iBoxx 3-Year Target Duration ETF price fell by -0.0421% on the last day (Thursday, 28th Mar 2024) from $23.76 to $23.75. During the last trading day the ETF fluctuated 0.168% from a day low at $23.74 to a day high of $23.78. The price has been going up and down for this period, and there has been a 0.53% gain for the last 2 weeks. Volume has increased on the last day by 17 thousand 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, 182 thousand shares were bought and sold for approximately $4.33 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 $23.78 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect FlexShares iBoxx 3-Year Target Duration ETF with a 90% probability to be traded between $23.63 and $23.88 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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TDTT Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -0.0841%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The FlexShares iBoxx 3-Year Target Duration 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 $23.74 and $23.63. A breakdown below any of these levels will issue sell signals. The ETF had a Golden Star Signal on Thursday, February 29, 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, February 29, 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 FlexShares iBoxx 3-Year Target Duration ETF
FlexShares iBoxx 3-Year Target Duration finds support from accumulated volume at $23.62 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 $0.0399 between high and low, or 0.168%. For the last week the ETF has had daily average volatility of 0.118%.
Our recommended stop-loss: $22.43 (-5.55%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (TDTT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect FlexShares iBoxx 3-Year Target Duration TIPS Index Fund to open at $23.76, and during the day (based on 14 day Average True Range), to move between $23.70 and $23.80, which gives a possible trading interval of +/-$0.0540 (+/-0.23%) up or down from last closing price. If FlexShares iBoxx 3-Year Target Duration TIPS Index Fund takes out the full calculated possible swing range there will be an estimated 0.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.76 (0.04%) than the support at $23.62 (0.55%), 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 FlexShares iBoxx 3-Year Target Duration TIPS Index Fund ETF A Buy?
FlexShares iBoxx 3-Year Target Duration 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: 0.826 Hold/Accumulate Downgraded
Predicted Opening Price for FlexShares iBoxx 3-Year Target Duration TIPS Index Fund of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$23.76 ( 0.0279%) | $23.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TDTT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.80 | 0.196 % | |
R2 | 23.78 | 0.132 % | ||
R1 | 23.77 | 0.0921 % | ||
Current price: | 23.75 | |||
Support | S1 | 23.74 | -0.0362 % | |
S2 | 23.73 | -0.0759 % | ||
S3 | 23.72 | -0.140 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 23.77 | 0.0842 % | ||
R1 | 23.76 | 0.0421 % | ||
Current price | 23.75 | |||
Support | S1 | 23.62 | -0.547% | |
S2 | 23.61 | -0.589% | ||
S3 | 23.56 | -0.80% |
TDTT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.0100 | 0.0424% |
2 | Jan 27, 2023 | Dec 01, 2023 | Dec 07, 2023 | $0.0800 | 0.343% |
3 | Jan 27, 2023 | Nov 01, 2023 | Oct 06, 2023 | $0.125 | 0.543% |
4 | Jan 27, 2023 | Sep 01, 2023 | Sep 08, 2023 | $0.0910 | 0.390% |
5 | Jul 31, 2023 | Aug 01, 2023 | Aug 07, 2023 | $0.0730 | 0.311% |
FAQ
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