Tue 23'rd May 2017
Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 Stock Analysis
Technical stock analysis for Tue 23'rd May 2017
Hold candidate since 2017-05-23
Given the current horizontal trend you can expect Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 with 90% probability to be traded between USD 10.70 and USD 11.01 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Thursday May 11, 2017, which indicates further gains 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. Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general salessignal in the stock. On further gains, the stock will meet resistance from the long-term moving average at USD 11.10. On a fall, the stock will find some support from the short-term average at USD 11.08. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 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-off's".
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 finds support from accumulated volume at USD 11.08, USD 11.07, and USD 10.97. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 11.10, USD 11.11 and USD 11.13.
The stock is about to test the resistance from accumulated volume at USD 11.10 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.07 (0.63%) between high and low. For the last week, the stock has had a daily average volatility of 0.58%.
Our recommended stoploss: USD 10.45 (-5.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 8 days ago.)
Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.