iShares GNMA Bond ETF Forecast
iShares GNMA Bond ETF price up 0.161% on Wednesday
(Updated on Mar 27, 2024)
The iShares GNMA Bond ETF price gained 0.161% on the last trading day (Wednesday, 27th Mar 2024), rising from $43.45 to $43.52. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.415% from a day low at $43.36 to a day high of $43.54. The price has risen in 6 of the last 10 days and is up by 0.35% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 10 thousand shares were bought and sold for approximately $425.63 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $43.63 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect iShares GNMA Bond ETF with a 90% probability to be traded between $41.76 and $42.83 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. 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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GNMA Signals & Forecast
The iShares GNMA Bond 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 $43.33 and $43.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 1.35%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not. The ETF had a Golden Star Signal on Thursday, March 21, 2024 in the short-term chart.
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 Thursday, March 21, 2024 in the short-term chart.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.
Support, Risk & Stop-loss for iShares GNMA Bond ETF
iShares GNMA Bond finds support from accumulated volume at $43.37 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 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 $0.180 between high and low, or 0.415%. For the last week the ETF has had daily average volatility of 0.358%
Our recommended stop-loss: $41.26 (-5.19%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (GNMA) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect iShares GNMA Bond ETF to open at $43.47, and during the day (based on 14 day Average True Range), to move between $43.29 and $43.75, which gives a possible trading interval of +/-$0.234 (+/-0.54%) up or down from last closing price. If iShares GNMA Bond ETF takes out the full calculated possible swing range there will be an estimated 1.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $43.53 (0.02%) than the support at $43.37 (0.34%), 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 GNMA Bond ETF ETF A Buy?
iShares GNMA Bond 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: -0.790 Hold/Accumulate Unchanged
Predicted Opening Price for iShares GNMA Bond ETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$43.47 ( 0.107%) | $43.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GNMA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.65 | 0.306 % | |
R2 | 43.58 | 0.148 % | ||
R1 | 43.54 | 0.0508 % | ||
Current price: | 43.52 | |||
Support | S1 | 43.40 | -0.265 % | |
S2 | 43.36 | -0.363 % | ||
S3 | 43.29 | -0.521 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.77 | 0.574 % | |
R2 | 43.55 | 0.0689 % | ||
R1 | 43.53 | 0.0230 % | ||
Current price | 43.52 | |||
Support | S1 | 43.37 | -0.345% | |
S2 | 43.36 | -0.368% | ||
S3 | 43.11 | -0.94% |
GNMA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.145 | 0.334% |
2 | Jan 31, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.149 | 0.342% |
3 | Nov 30, 2023 | Dec 14, 2023 | Dec 07, 2023 | $0.130 | 0.300% |
4 | Nov 30, 2023 | Dec 01, 2023 | Dec 07, 2023 | $0.140 | 0.324% |
5 | Oct 31, 2023 | Nov 01, 2023 | Nov 07, 2023 | $0.122 | 0.291% |
FAQ
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