Western Asset Bond Etf ETF Forecast
Stronger technical forecast for Western Asset Bond Etf ETF price after Tuesday trading.
(Updated on Jun 25, 2024)
The Western Asset Bond Etf ETF price gained 0.0317% on the last trading day (Tuesday, 25th Jun 2024), rising from $25.53 to $25.54. 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 0.0587% from a day low at $25.54 to a day high of $25.55. The price has risen in 8 of the last 10 days and is up by 1.5% 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, 782 more shares were traded than the day before. In total, 783 shares were bought and sold for approximately $19.99 thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $25.57 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Western Asset Bond Etf ETF with a 90% probability to be traded between $25.17 and $25.79 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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WABF Signals & Forecast
The Western Asset Bond Etf 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 $25.52 and $25.30. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Western Asset Bond Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.0974%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Tuesday, June 11, 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 Tuesday, June 11, 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 Western Asset Bond Etf ETF
Western Asset Bond Etf finds support from accumulated volume at $25.53 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 $0.0150 between high and low, or 0.0587%. For the last week the ETF has had daily average volatility of 0.0117%.
Our recommended stop-loss: $24.55 (-3.87%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (WABF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Western Asset Bond Etf to open at $25.54, and during the day (based on 14 day Average True Range), to move between $25.46 and $25.61, which gives a possible trading interval of +/-$0.0798 (+/-0.31%) up or down from last closing price. If Western Asset Bond Etf takes out the full calculated possible swing range there will be an estimated 0.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.53 (0.02%) than the resistance at $25.56 (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 Western Asset 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 Western Asset Bond Etf 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: 1.846 Buy Candidate Upgraded
Predicted Opening Price for Western Asset Bond Etf of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$25.54 ( 0.0196%) | $25.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WABF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.56 | 0.0783% |
R2 | 25.55 | 0.0559% |
R1 | 25.55 | 0.0420% |
Price | 25.54 | |
S1 | 25.53 | -0.0029% |
S2 | 25.53 | -0.0167% |
S3 | 25.53 | -0.0392% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.72 | 0.724% |
R2 | 25.56 | 0.0975% |
R1 | 25.56 | 0.0783% |
Price | 25.54 | |
S1 | 25.53 | -0.0219% |
S2 | 25.40 | -0.548% |
S3 | 25.09 | -1.74% |
WABF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 30, 2024 | May 01, 2024 | May 07, 2024 | $0.130 | 0.517% |
2 | Mar 28, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.103 | 0.408% |
3 | Feb 29, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.1000 | 0.388% |
4 | Jan 31, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.0884 | 0.344% |
5 | Dec 14, 2023 | Dec 15, 2023 | Dec 21, 2023 | $0.131 | 0.504% |
FAQ
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