iShares TIPS Bond ETF Forecast
iShares TIPS Bond ETF upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The iShares TIPS Bond ETF price gained 0.121% on the last trading day (Tuesday, 25th Jun 2024), rising from $107.10 to $107.23. During the last trading day the ETF fluctuated 0.196% from a day low at $107.02 to a day high of $107.23. The price has risen in 8 of the last 10 days and is up by 1.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 820 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $189.47 million.
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 TIPS Bond ETF with a 90% probability to be traded between $105.77 and $108.35 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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TIP Signals & Forecast
Mostly positive signals in the chart today. The iShares TIPS 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 $107.06 and $106.51. 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 2.11%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Friday, June 14, 2024 in the long-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 12 Months
The ETF had a Golden Star Signal on Friday, June 14, 2024 in the long-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 TIPS Bond ETF
iShares TIPS Bond finds support from accumulated volume at $106.68 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 $0.210 between high and low, or 0.196%. For the last week the ETF has had daily average volatility of 0.267%.
Our recommended stop-loss: $101.81 (-5.06%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (TIP) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect iShares TIPS Bond ETF to open at $107.16, and during the day (based on 14 day Average True Range), to move between $106.81 and $107.65, which gives a possible trading interval of +/-$0.418 (+/-0.39%) up or down from last closing price. If iShares TIPS Bond ETF takes out the full calculated possible swing range there will be an estimated 0.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $107.37 (0.13%) than the support at $106.68 (0.51%), 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 TIPS Bond ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iShares TIPS Bond ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.342 Buy Candidate Upgraded
Predicted Opening Price for iShares TIPS Bond ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $107.16 ( 0.0653%) | $107.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 107.37 | 0.131% |
| R2 | 107.29 | 0.0557% |
| R1 | 107.24 | 0.0095% |
| Price | 107.23 | |
| S1 | 107.08 | -0.140% |
| S2 | 107.03 | -0.186% |
| S3 | 106.95 | -0.261% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 107.41 | 0.168% |
| R1 | 107.37 | 0.131% |
| Price | 107.23 | |
| S1 | 106.68 | -0.513% |
| S2 | 106.12 | -1.04% |
| S3 | 105.75 | -1.38% |
TIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.693 | 0.654% |
| 2 | Nov 22, 2023 | Apr 01, 2024 | Apr 05, 2024 | $0.0648 | 0.0608% |
| 3 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | $0.256 | 0.243% |
| 4 | Nov 24, 2022 | Nov 01, 2023 | Nov 07, 2023 | $0.452 | 0.434% |
| 5 | Nov 24, 2022 | Oct 02, 2023 | Oct 06, 2023 | $0.171 | 0.167% |
FAQ
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