Western Asset Short Duration Income Etf ETF Forecast
Western Asset Short Duration Income Etf ETF price ended at $23.83 on Monday, after losing 0.0629%.
(Updated on Jun 17, 2024)
The Western Asset Short Duration Income Etf ETF price fell by -0.0629% on the last day (Monday, 17th Jun 2024) from $23.84 to $23.83. During the last trading day the ETF fluctuated 0.0840% from a day low at $23.81 to a day high of $23.83. The price has risen in 6 of the last 10 days and is up by 0.16% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -2 thousand shares and in total, 562 shares were bought and sold for approximately $13.39 thousand.
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 Western Asset Short Duration Income Etf ETF with a 90% probability to be traded between $23.67 and $23.93 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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WINC Signals & Forecast
There are mixed signals in the ETF today. The Western Asset Short Duration Income Etf 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 $23.83. On a fall, the ETF will find some support from the short-term average at $23.81. 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. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -0.102%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, August 29, 2023.
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
The ETF had a Golden Star Signal on Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, August 29, 2023.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 Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, August 29, 2023.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.
A buy signal from a double bottom formation was found on Friday, June 07, 2024 with a target of $23.80. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for Western Asset Short Duration Income Etf ETF
Western Asset Short Duration Income Etf finds support from accumulated volume at $23.82 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0200 between high and low, or 0.0840%. For the last week the ETF has had daily average volatility of 0.113%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WINC) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Western Asset Short Duration Income Etf to open at $23.82, and during the day (based on 14 day Average True Range), to move between $23.78 and $23.87, which gives a possible trading interval of +/-$0.0456 (+/-0.19%) up or down from last closing price. If Western Asset Short Duration Income Etf takes out the full calculated possible swing range there will be an estimated 0.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.82 (0.02%) than the resistance at $23.84 (0.06%), 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 Short Duration Income Etf ETF A Buy?
Western Asset Short Duration Income Etf holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -4.349 Sell Candidate Unchanged
Predicted Opening Price for Western Asset Short Duration Income Etf of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $23.82 ( 0.0140%) | $23.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WINC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.84 | 0.0700% |
| R2 | 23.83 | 0.0379% |
| R1 | 23.83 | 0.0181% |
| Price | 23.83 | |
| S1 | 23.81 | -0.0461% |
| S2 | 23.81 | -0.0659% |
| S3 | 23.80 | -0.0979% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.90 | 0.315% |
| R2 | 23.88 | 0.231% |
| R1 | 23.84 | 0.0630% |
| Price | 23.83 | |
| S1 | 23.82 | -0.0210% |
| S2 | 23.81 | -0.0630% |
| S3 | 23.79 | -0.156% |
WINC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | May 01, 2024 | May 06, 2024 | $0.100 | 0.420% |
| 2 | Mar 28, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.0956 | 0.401% |
| 3 | Feb 29, 2024 | Mar 01, 2024 | Mar 06, 2024 | $0.0933 | 0.391% |
| 4 | Jan 31, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.100 | 0.419% |
| 5 | Dec 22, 2023 | Dec 26, 2023 | Dec 29, 2023 | $0.0863 | 0.361% |
FAQ
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