iShares Core Canadian Long Term Bond ETF Forecast
iShares Core Canadian Long Term Bond ETF price ended at $18.06 on Thursday, after losing 0.551%.
(Updated on Apr 25, 2024)
The iShares Core Canadian Long Term Bond ETF price fell by -0.551% on the last day (Thursday, 25th Apr 2024) from $18.16 to $18.06. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.500% from a day low at $18.01 to a day high of $18.10. The price has fallen in 7 of the last 10 days and is down by -2.27% for this period. 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 -29 thousand shares and in total, 33 thousand shares were bought and sold for approximately $600.89 thousand.
The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.92 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -4.39% during the next 3 months and, with a 90% probability hold a price between $17.13 and $18.00 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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XLB.TO Signals & Forecast
There are few to no technical positive signals at the moment. The iShares Core Canadian Long Term Bond ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.27 and $18.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 01, 2024, and so far it has fallen -8.04%. 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.
Support, Risk & Stop-loss for iShares Core Canadian Long Term Bond ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $0.0900 between high and low, or 0.500%. For the last week the ETF has had daily average volatility of 0.506%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XLB.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect iShares Core Canadian Long Term Bond Index ETF to open at $18.06, and during the day (based on 14 day Average True Range), to move between $17.89 and $18.23, which gives a possible trading interval of +/-$0.171 (+/-0.95%) up or down from last closing price. If iShares Core Canadian Long Term Bond Index ETF takes out the full calculated possible swing range there will be an estimated 1.90% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $18.95, some $0.89 (4.93%) from the current price of $18.06, our system finds the risk reward not very attractive.
Is iShares Core Canadian Long Term Bond Index ETF ETF A Buy?
iShares Core Canadian Long Term Bond holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -3.092 Sell Candidate Unchanged
Predicted Opening Price for iShares Core Canadian Long Term Bond Index ETF of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $18.06 ( 0.0185%) | $18.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XLB.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.15 | 0.480 % | |
| R2 | 18.11 | 0.290 % | ||
| R1 | 18.09 | 0.172 % | ||
| Current price: | 18.06 | |||
| Support | S1 | 18.02 | -0.209 % | |
| S2 | 18.00 | -0.326 % | ||
| S3 | 17.97 | -0.517 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.21 | 6.37 % | |
| R2 | 19.01 | 5.26 % | ||
| R1 | 18.95 | 4.93 % | ||
| Current price | 18.06 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
XLB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 30, 2024 | $0.0620 | 0.343% |
| 2 | Mar 22, 2024 | Mar 22, 2024 | Mar 28, 2024 | $0.0620 | 0.324% |
| 3 | Feb 23, 2024 | Feb 23, 2024 | Feb 29, 2024 | $0.0620 | 0.323% |
| 4 | Jan 25, 2024 | Jan 25, 2024 | Jan 31, 2024 | $0.0620 | 0.320% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0630 | 0.313% |
FAQ
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