iShares Treasury Floating Rate Bond ETF Forecast
Green day on Friday for iShares Treasury Floating Rate Bond
(Updated on May 17, 2024)
The iShares Treasury Floating Rate Bond ETF price gained 0.0198% on the last trading day (Friday, 17th May 2024), rising from $50.60 to $50.61. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.0198% from a day low at $50.60 to a day high of $50.61. The price has risen in 7 of the last 10 days and is up by 0.21% over the past 2 weeks. Volume fell on the last day by -889 thousand shares and in total, 775 thousand shares were bought and sold for approximately $39.22 million. 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 Treasury Floating Rate Bond ETF with a 90% probability to be traded between $50.37 and $50.62 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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TFLO Signals & Forecast
The iShares Treasury Floating Rate Bond 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 $50.58 and $50.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 0.258%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Friday, May 10, 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 Friday, May 10, 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.
A buy signal from a double bottom formation was found on Wednesday, May 01, 2024 with a target of $50.51. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for iShares Treasury Floating Rate Bond ETF
iShares Treasury Floating Rate Bond finds support from accumulated volume at $50.60 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 $0.0100 between high and low, or 0.0198%. For the last week the ETF has had daily average volatility of 0.0198%.
Our recommended stop-loss: $47.02 (-7.10%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (TFLO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect iShares Treasury Floating Rate Bond ETF to open at $50.61, and during the day (based on 14 day Average True Range), to move between $50.59 and $50.63, which gives a possible trading interval of +/-$0.0235 (+/-0.05%) up or down from last closing price. If iShares Treasury Floating Rate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.60 (0.02%) than the resistance at $50.65 (0.08%), 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 Treasury Floating Rate Bond ETF ETF A Buy?
iShares Treasury Floating Rate 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: -0.863 Hold/Accumulate Unchanged
Predicted Opening Price for iShares Treasury Floating Rate Bond ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $50.61 ( 0.0066%) | $50.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TFLO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.62 | 0.0132 % | |
| R2 | 50.61 | 0.0056 % | ||
| R1 | 50.61 | 0.0010 % | ||
| Current price: | 50.61 | |||
| Support | S1 | 50.60 | -0.0141 % | |
| S2 | 50.60 | -0.0188 % | ||
| S3 | 50.60 | -0.0263 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.68 | 0.138 % | |
| R2 | 50.67 | 0.119 % | ||
| R1 | 50.65 | 0.0790 % | ||
| Current price | 50.61 | |||
| Support | S1 | 50.60 | -0.0198% | |
| S2 | 50.59 | -0.0395% | ||
| S3 | 50.55 | -0.119% |
TFLO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.215 | 0.425% |
| 2 | Feb 29, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.271 | 0.537% |
| 3 | Jan 31, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.244 | 0.483% |
| 4 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.232 | 0.461% |
| 5 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | $0.224 | 0.443% |
FAQ
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