Ishares Canadian Real Return Bond Index ETF Forecast

Red day on Friday for Ishares Canadian Real Return Bond Index
(Updated on Jun 28, 2024)

XRB.TO 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 Ishares Canadian Real Return Bond Index ETF 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 $22.33 and $22.20. 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 18, 2024, and so far it has fallen -2.52%. Further fall is indicated until a new bottom pivot has been found. Ishares Canadian Real Return Bond Index 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 very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Ishares Canadian Real Return Bond Index ETF

Ishares Canadian Real Return Bond Index finds support from accumulated volume at $22.02 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 $0.230 between high and low, or 1.04%. For the last week the ETF has had daily average volatility of 0.576%.

Our recommended stop-loss: $21.30 (-3.31%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (XRB.TO) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Ishares Canadian Real Return Bond Index Etf to open at $22.11, and during the day (based on 14 day Average True Range), to move between $21.85 and $22.21, which gives a possible trading interval of +/-$0.183 (+/-0.83%) up or down from last closing price. If Ishares Canadian Real Return Bond Index Etf 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 support from accumulated volume at $22.02 (0.05%) than the resistance at $22.39 (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ishares Canadian Real Return Bond Index Etf ETF A Buy?

Ishares Canadian Real Return Bond Index 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.

Current score: -0.375 Hold/Accumulate Unchanged

Predicted Opening Price for Ishares Canadian Real Return Bond Index Etf of Tuesday, July 2, 2024

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