iShares 20+ Year Treasury Bond ETF Forecast
iShares 20+ Year Treasury Bond ETF price ended at $87.78 on Thursday, after losing 0.701%.
(Updated on Apr 25, 2024)
The iShares 20+ Year Treasury Bond ETF price fell by -0.701% on the last day (Thursday, 25th Apr 2024) from $88.40 to $87.78. During the last trading day the ETF fluctuated 0.641% from a day low at $87.34 to a day high of $87.90. The price has fallen in 6 of the last 10 days and is down by -2.26% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -1 million shares and in total, 48 million shares were bought and sold for approximately $4.19 billion.
The ETF has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($87.89) are considered to be a "second chance" to get out. According to the fan-theory $83.07 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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TLT Signals & Forecast
There are few to no technical positive signals at the moment. The iShares 20+ Year Treasury Bond ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $88.78 and $91.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -8.55%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for iShares 20+ Year Treasury Bond ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.560 (0.641%) between high and low. For the last week, the ETF has had daily average volatility of 0.717%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TLT) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect iShares 20+ Year Treasury Bond to open at $87.67, and during the day (based on 14 day Average True Range), to move between $86.78 and $88.78, which gives a possible trading interval of +/-$1.00 (+/-1.14%) up or down from last closing price. If iShares 20+ Year Treasury Bond takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $90.22, some $2.44 (2.78%) from the current price of $87.78, our system finds the risk reward not very attractive.
Is iShares 20+ Year Treasury Bond ETF A Buy?
iShares 20+ Year Treasury Bond holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -4.166 Sell Candidate Unchanged
Predicted Opening Price for iShares 20+ Year Treasury Bond of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $87.67 ( 0.122%) | $87.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 88.23 | 0.516 % | |
| R2 | 88.02 | 0.273 % | ||
| R1 | 87.89 | 0.122 % | ||
| Current price: | 87.78 | |||
| Support | S1 | 87.46 | -0.365 % | |
| S2 | 87.33 | -0.516 % | ||
| S3 | 87.11 | -0.759 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 98.24 | 11.92 % | |
| R2 | 96.66 | 10.12 % | ||
| R1 | 90.22 | 2.78 % | ||
| Current price | 87.78 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TLT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.312 | 0.342% |
| 2 | Feb 29, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.295 | 0.308% |
| 3 | Jan 31, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.310 | 0.328% |
| 4 | Nov 30, 2023 | Dec 14, 2023 | Dec 07, 2023 | $0.311 | 0.326% |
| 5 | Nov 30, 2023 | Dec 01, 2023 | Dec 07, 2023 | $0.289 | 0.303% |
FAQ
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