US Treasury 2 Year Note ETF Forecast
Green day on Friday for US Treasury 2 Year Note
(Updated on May 03, 2024)
The US Treasury 2 Year Note ETF price gained 0.151% on the last trading day (Friday, 3rd May 2024), rising from $47.71 to $47.78. During the last trading day the ETF fluctuated 0.107% from a day low at $47.77 to a day high of $47.82. The price has risen in 6 of the last 10 days and is up by 0.12% over the past 2 weeks. Volume fell on the last day by -18 thousand shares and in total, 54 thousand shares were bought and sold for approximately $2.58 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 US Treasury 2 Year Note ETF with a 90% probability to be traded between $47.12 and $47.45 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. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
UTWO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 0.346%. 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 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. The US Treasury 2 Year Note 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 $47.85. On a fall, the ETF will find some support from the short-term average at $47.72. 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 US Treasury 2 Year Note ETF
US Treasury 2 Year Note finds support from accumulated volume at $47.75 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 $0.0511 between high and low, or 0.107%. For the last week the ETF has had daily average volatility of 0.118%.
Our recommended stop-loss: $44.61 (-6.65%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (UTWO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect US Treasury 2 Year Note ETF to open at $47.79, and during the day (based on 14 day Average True Range), to move between $47.71 and $47.86, which gives a possible trading interval of +/-$0.0707 (+/-0.15%) up or down from last closing price. If US Treasury 2 Year Note ETF takes out the full calculated possible swing range there will be an estimated 0.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $47.75 (0.08%) than the resistance at $48.03 (0.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is US Treasury 2 Year Note ETF ETF A Buy?
US Treasury 2 Year Note 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: -0.605 Hold/Accumulate Unchanged
Predicted Opening Price for US Treasury 2 Year Note ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $47.79 ( 0.0137%) | $47.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UTWO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.84 | 0.121 % | |
| R2 | 47.82 | 0.0798 % | ||
| R1 | 47.81 | 0.0546 % | ||
| Current price: | 47.78 | |||
| Support | S1 | 47.77 | -0.0271 % | |
| S2 | 47.76 | -0.0523 % | ||
| S3 | 47.74 | -0.0932 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.10 | 0.660 % | |
| R2 | 48.07 | 0.597 % | ||
| R1 | 48.03 | 0.514 % | ||
| Current price | 47.78 | |||
| Support | S1 | 47.75 | -0.0829% | |
| S2 | 47.72 | -0.146% | ||
| S3 | 47.71 | -0.156% |
UTWO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | May 01, 2024 | May 03, 2024 | $0.174 | 0.363% |
| 2 | Mar 28, 2024 | Apr 01, 2024 | Apr 03, 2024 | $0.179 | 0.375% |
| 3 | Feb 29, 2024 | Mar 01, 2024 | Mar 05, 2024 | $0.164 | 0.342% |
| 4 | Jan 31, 2024 | Feb 01, 2024 | Feb 05, 2024 | $0.171 | 0.356% |
| 5 | Dec 26, 2023 | Dec 27, 2023 | Dec 29, 2023 | $0.191 | 0.395% |
FAQ
Click here for our free guide on how to buy US Treasury 2 Year Note ETF ETF.
