Western Asset/Claymore US Treasury Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Wednesday for Western Asset/Claymore US Treasury
(Updated on Jul 03, 2024)
The Western Asset/Claymore US Treasury stock price gained 0.439% on the last trading day (Wednesday, 3rd Jul 2024), rising from $7.98 to $8.02. During the last trading day the stock fluctuated 0.564% from a day low at $7.98 to a day high of $8.03. The price has been going up and down for this period, and there has been a -0.36% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately $166.92 thousand.
The stock 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 Western Asset/Claymore US Treasury stock with a 90% probability to be traded between $7.97 and $8.24 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WIA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.94%. Further rise is indicated until a new top pivot has been found. Western Asset/Claymore US Treasury 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. Higher liquidity also reduces the general risk. 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 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 stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.04. On a fall, the stock will find some support from the short-term average at $7.99. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 0.564%. For the last week the stock has had daily average volatility of 0.670%.
Our recommended stop-loss: $7.52 (-6.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (WIA) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Western Asset/Claymore US Treasury Inflation Prot Secs Fd to open at $8.01, and during the day (based on 14 day Average True Range), to move between $7.95 and $8.08, which gives a possible trading interval of +/-$0.0629 (+/-0.78%) 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 1.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.02 (0.06%) than the support at $8.01 (0.06%), 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 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: -0.002 Hold/Accumulate Unchanged
Predicted Opening Price for Western Asset/Claymore US Treasury Inflation Prot Secs Fd of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$8.01 ( 0.104%) | $8.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WIA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8.05 | 0.457% |
R2 | 8.03 | 0.243% |
R1 | 8.02 | 0.111% |
Price | 8.02 | |
S1 | 7.99 | -0.318% |
S2 | 7.98 | -0.451% |
S3 | 7.96 | -0.665% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8.12 | 1.31% |
R2 | 8.06 | 0.561% |
R1 | 8.02 | 0.0624% |
Price | 8.02 | |
S1 | 8.01 | -0.0624% |
S2 | 7.95 | -0.81% |
S3 | 7.85 | -2.06% |
WIA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 23, 2024 | Aug 23, 2024 | Aug 30, 2024 | $0.0500 | 0.623% |
2 | Jul 24, 2024 | Jul 24, 2024 | Jul 31, 2024 | $0.0500 | 0.623% |
3 | Jun 21, 2024 | Jun 21, 2024 | Jun 28, 2024 | $0.0500 | 0.624% |
4 | Feb 22, 2024 | May 22, 2024 | May 31, 2024 | $0.0500 | 0.620% |
5 | Feb 20, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.0500 | 0.635% |
FAQ
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