Western Asset Short Duration Income Etf ETF Forecast
Western Asset Short Duration Income Etf ETF price ended at $23.86 on Tuesday, after losing 0%.
(Updated on Jun 25, 2024)
No changes to the price of Western Asset Short Duration Income Etf ETF on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the ETF fluctuated 0.146% from a day low at $23.85 to a day high of $23.88. The price has risen in 5 of the last 10 days and is up by 0.38% over the past 2 weeks.
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 $23.77 and $23.96 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
Mostly positive signals in the chart today. The Western Asset Short Duration Income 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 $23.85 and $23.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 0.400%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the ETF should be watched more closely at it may be a "turning point". 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 $23.85 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 $0.0347 between high and low, or 0.146%. For the last week the ETF has had daily average volatility of 0.152%.
Our recommended stop-loss: $22.06 (-7.53%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (WINC) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Western Asset Short Duration Income Etf to open at $23.86, and during the day (based on 14 day Average True Range), to move between $23.82 and $23.90, which gives a possible trading interval of +/-$0.0428 (+/-0.18%) 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 0.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.87 (0.05%) than the support at $23.85 (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 Short Duration Income 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 Short Duration Income Etf ETF to perform well in the short-term period.
Current score: 1.735 Buy Candidate Unchanged
Predicted Opening Price for Western Asset Short Duration Income Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $23.86 ( 0.0071%) | $23.86 |
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 | 23.90 | 0.153% |
| R2 | 23.88 | 0.0970% |
| R1 | 23.87 | 0.0627% |
| Price | 23.86 | |
| S1 | 23.85 | -0.0484% |
| S2 | 23.84 | -0.0828% |
| S3 | 23.83 | -0.138% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.90 | 0.168% |
| R2 | 23.88 | 0.0838% |
| R1 | 23.87 | 0.0536% |
| Price | 23.86 | |
| S1 | 23.85 | -0.0629% |
| S2 | 23.82 | -0.168% |
| S3 | 23.81 | -0.210% |
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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