iShares 20+ Year Treasury Bond Buywrite ETF Forecast
iShares 20+ Year Treasury Bond Buywrite ETF price up 0.432% on Tuesday
(Updated on May 21, 2024)
The iShares 20+ Year Treasury Bond Buywrite ETF price gained 0.432% on the last trading day (Tuesday, 21st May 2024), rising from $25.49 to $25.60. During the last trading day the ETF fluctuated 0.293% from a day low at $25.56 to a day high of $25.64. The price has risen in 6 of the last 10 days and is up by 0.95% 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, 48 thousand more shares were traded than the day before. In total, 318 thousand shares were bought and sold for approximately $8.13 million.
The ETF lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $25.68 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -6.22% during the next 3 months and, with a 90% probability hold a price between $22.80 and $24.09 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TLTW Signals & Forecast
Mostly positive signals in the chart today. The iShares 20+ Year Treasury Bond Buywrite 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 $25.54 and $25.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.18%. 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.
Support, Risk & Stop-loss for iShares 20+ Year Treasury Bond Buywrite ETF
iShares 20+ Year Treasury Bond Buywrite finds support from accumulated volume at $25.44 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 $0.0749 between high and low, or 0.293%. For the last week the ETF has had daily average volatility of 0.278%.
Our recommended stop-loss: $24.67 (-3.64%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 56 days ago.)
Trading Expectations (TLTW) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect iShares 20+ Year Treasury Bond Buywrite Strategy ETF to open at $25.60, and during the day (based on 14 day Average True Range), to move between $25.43 and $25.77, which gives a possible trading interval of +/-$0.169 (+/-0.66%) 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 1.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.44 (0.64%) than the resistance at $26.30 (2.71%), 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?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.
Current score: 2.266 Buy Candidate Unchanged
Predicted Opening Price for iShares 20+ Year Treasury Bond Buywrite Strategy ETF of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $25.60 ( 0.0064%) | $25.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLTW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.67 | 0.286 % | |
| R2 | 25.64 | 0.174 % | ||
| R1 | 25.63 | 0.105 % | ||
| Current price: | 25.60 | |||
| Support | S1 | 25.57 | -0.118 % | |
| S2 | 25.55 | -0.187 % | ||
| S3 | 25.52 | -0.299 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.73 | 4.41 % | |
| R2 | 26.64 | 4.06 % | ||
| R1 | 26.30 | 2.71 % | ||
| Current price | 25.60 | |||
| Support | S1 | 25.44 | -0.645% | |
| S2 | 25.31 | -1.13% | ||
| S3 | 25.05 | -2.15% |
TLTW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 02, 2024 | May 08, 2024 | $0.247 | 0.97% |
| 2 | Apr 02, 2024 | Apr 02, 2024 | Apr 08, 2024 | $0.235 | 0.91% |
| 3 | Mar 01, 2024 | Mar 04, 2024 | Mar 08, 2024 | $0.302 | 1.13% |
| 4 | Feb 02, 2024 | Feb 02, 2024 | Feb 08, 2024 | $0.212 | 0.80% |
| 5 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.746 | 2.73% |
FAQ
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