Western Asset/Claymore US Treasury Stock Forecast

Western Asset/Claymore US Treasury stock downgraded to Hold/Accumulate
(Updated on Jun 20, 2024)

WIA Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Western Asset/Claymore US Treasury stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $8.05 and $8.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -0.99%. Further fall is indicated until a new bottom pivot has been found. Western Asset/Claymore US Treasury gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Thursday, May 30, 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 stock in question.

Buy

Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, May 30, 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 stock in question.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, June 04, 2024 and based on theory for this formation the price should fall by -2.59% to $7.83 within 9 trading days since signal was issued (Monday, June 17, 2024).

Support, Risk & Stop-loss for Western Asset/Claymore US Treasury stock

Western Asset/Claymore US Treasury finds support from accumulated volume at $8.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0450 between high and low, or 0.561%. For the last week the stock has had daily average volatility of 0.689%.

Our recommended stop-loss: $7.80 (-3.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (WIA) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Western Asset/Claymore US Treasury Inflation Prot Secs Fd to open at $8.04, and during the day (based on 14 day Average True Range), to move between $7.97 and $8.11, which gives a possible trading interval of +/-$0.0668 (+/-0.83%) up or down from last closing price. If Western Asset/Claymore US Treasury Inflation Prot Secs Fd takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.06 (0.25%) than the support at $8.01 (0.37%), 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 Western Asset/Claymore US Treasury Inflation Prot Secs Fd stock A Buy?

Western Asset/Claymore US Treasury holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.820 Hold/Accumulate Downgraded

Predicted Opening Price for Western Asset/Claymore US Treasury Inflation Prot Secs Fd of Friday, June 21, 2024

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