Ishares Conservative Short Term ETF Forecast
Red day on Tuesday for Ishares Conservative Short Term
(Updated on Jun 25, 2024)
The Ishares Conservative Short Term ETF price fell by -0.561% on the last day (Tuesday, 25th Jun 2024) from $17.82 to $17.72. During the last trading day the ETF fluctuated 0% from a day low at $17.72 to a day high of $17.72. The price has risen in 5 of the last 10 days and is up by 1.26% over the past 2 weeks. Volume has increased on the last day by 300 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 300 shares were bought and sold for approximately $5.32 thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $17.72 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ishares Conservative Short Term ETF with a 90% probability to be traded between $18.00 and $18.13 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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XSC.TO Signals & Forecast
The Ishares Conservative Short Term ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $17.79. On a fall, the ETF will find some support from the long-term average at approximately $17.69. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.561%. Further fall is indicated until a new bottom pivot has been found. Ishares Conservative Short Term 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 Conservative Short Term ETF
Ishares Conservative Short Term finds support from accumulated volume at $17.65 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0112%.
Our recommended stop-loss: $17.18 (-3.06%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (XSC.TO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ishares Conservative Short Term Strategic Fixed Income Etf to open at $17.72, and during the day (based on 14 day Average True Range), to move between $17.72 and $17.72, which gives a possible trading interval of +/-$ (+/-0.00%) up or down from last closing price. If Ishares Conservative Short Term Strategic Fixed Income Etf takes out the full calculated possible swing range there will be an estimated 0.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.75 (0.17%) than the support at $17.65 (0.40%), 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 Ishares Conservative Short Term Strategic Fixed Income Etf ETF A Buy?
Ishares Conservative Short Term 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ishares Conservative Short Term Strategic Fixed Income Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $17.72 ( 0%) | $17.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XSC.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.72 | - |
| R2 | 17.72 | - |
| R1 | 17.72 | - |
| Price | 17.72 | |
| S1 | 17.72 | - |
| S2 | 17.72 | - |
| S3 | 17.72 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 17.82 | 0.564% |
| R1 | 17.75 | 0.169% |
| Price | 17.72 | |
| S1 | 17.65 | -0.395% |
| S2 | 17.64 | -0.451% |
| S3 | 17.59 | -0.734% |
FAQ
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