iShares S&P/Citigroup 1-3 Year ETF Forecast

Red day on Wednesday for iShares S&P/Citigroup 1-3 Year
(Updated on Apr 24, 2024)

ISHG Signals & Forecast

There are mixed signals in the ETF today. The iShares S&P/Citigroup 1-3 Year ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $69.89. On a fall, the ETF will find some support from the short-term average at $68.82. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). iShares S&P/Citigroup 1-3 Year 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". A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.386%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for iShares S&P/Citigroup 1-3 Year ETF

iShares S&P/Citigroup 1-3 Year finds support from accumulated volume at $68.90 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 $0.350 between high and low, or 0.510%. For the last week the ETF has had daily average volatility of 0.274%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ISHG) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect iShares S&P/Citigroup 1-3 Year International Treasury Bond Fun to open at $68.86, and during the day (based on 14 day Average True Range), to move between $68.65 and $69.26, which gives a possible trading interval of +/-$0.308 (+/-0.45%) up or down from last closing price. If iShares S&P/Citigroup 1-3 Year International Treasury Bond Fun takes out the full calculated possible swing range there will be an estimated 0.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $68.90 (0.08%) than the resistance at $69.52 (0.82%), 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 S&P/Citigroup 1-3 Year International Treasury Bond Fun ETF A Buy?

iShares S&P/Citigroup 1-3 Year holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -2.221 Sell Candidate Unchanged

Predicted Opening Price for iShares S&P/Citigroup 1-3 Year International Treasury Bond Fun of Thursday, April 25, 2024

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