Bondbloxx Bloomberg Twenty Year Target ETF Forecast

Bondbloxx Bloomberg Twenty Year Target ETF upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 27, 2024)

XTWY Signals & Forecast

The Bondbloxx Bloomberg Twenty Year Target 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 $42.07. On a fall, the ETF will find some support from the long-term average at approximately $41.25. 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 Tuesday, June 18, 2024, and so far it has fallen -1.46%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Bondbloxx Bloomberg Twenty Year Target ETF

Bondbloxx Bloomberg Twenty Year Target finds support from accumulated volume at $41.69 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 controlled movements and therefore the general risk is considered 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 $0.0161 between high and low, or 0.0385%. For the last week the ETF has had daily average volatility of 0.162%.

Our recommended stop-loss: $40.30 (-3.58%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (XTWY) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Bondbloxx Bloomberg Twenty Year Target Duration Us Treasury Etf to open at $41.80, and during the day (based on 14 day Average True Range), to move between $41.39 and $42.21, which gives a possible trading interval of +/-$0.406 (+/-0.97%) up or down from last closing price. If Bondbloxx Bloomberg Twenty Year Target Duration Us Treasury Etf takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $41.69 (0.26%) than the resistance at $42.06 (0.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bondbloxx Bloomberg Twenty Year Target Duration Us Treasury Etf ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bondbloxx Bloomberg Twenty Year Target ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.436 Buy Candidate Upgraded

Predicted Opening Price for Bondbloxx Bloomberg Twenty Year Target Duration Us Treasury Etf of Friday, June 28, 2024

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