iShares 20+ Year Treasury Bond Buywrite ETF Forecast

Stronger technical forecast for iShares 20+ Year Treasury Bond Buywrite ETF price after Friday trading.
(Updated on May 03, 2024)

TLTW Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.53%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares 20+ Year Treasury Bond Buywrite ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $25.65. On a fall, the ETF will find some support from the short-term average at $25.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for iShares 20+ Year Treasury Bond Buywrite ETF

iShares 20+ Year Treasury Bond Buywrite finds support from accumulated volume at $25.11 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 $0.147 between high and low, or 0.587%. For the last week the ETF has had daily average volatility of 0.651%.

Our recommended stop-loss: $23.81 (-5.49%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (TLTW) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect iShares 20+ Year Treasury Bond Buywrite Strategy ETF to open at $25.15, and during the day (based on 14 day Average True Range), to move between $24.95 and $25.43, which gives a possible trading interval of +/-$0.240 (+/-0.95%) up or down from last closing price. If iShares 20+ Year Treasury Bond Buywrite Strategy ETF takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.11 (0.32%) than the resistance at $26.50 (5.20%), 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 20+ Year Treasury Bond Buywrite Strategy ETF ETF A Buy?

iShares 20+ Year Treasury Bond Buywrite 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.528 Hold/Accumulate Upgraded

Predicted Opening Price for iShares 20+ Year Treasury Bond Buywrite Strategy ETF of Monday, May 6, 2024

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