Western Asset/Claymore US Treasury Stock Forecast
Green day on Thursday for Western Asset/Claymore US Treasury
(Updated on Mar 28, 2024)
The Western Asset/Claymore US Treasury stock price gained 0.232% on the last trading day (Thursday, 28th Mar 2024), rising from $8.61 to $8.63. It has now gained 3 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 stock fluctuated 0.594% from a day low at $8.59 to a day high of $8.64. The price has risen in 5 of the last 10 days and is up by 1.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 47 thousand more shares were traded than the day before. In total, 384 thousand shares were bought and sold for approximately $3.31 million.
The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $8.59 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $8.82 sometime during the next 3 months.
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WIW Signals & Forecast
The Western Asset/Claymore US Treasury stock 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 $8.57 and $8.54. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, March 08, 2024, and so far it has fallen 0%. 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). The stock had a Golden Star Signal on Monday, March 25, 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 stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 25, 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 stock in question.
Support, Risk & Stop-loss for Western Asset/Claymore US Treasury stock
Western Asset/Claymore US Treasury finds support from accumulated volume at $8.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0510 between high and low, or 0.594%. For the last week the stock has had daily average volatility of 0.563%.
Our recommended stop-loss: $8.28 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (WIW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 to open at $8.62, and during the day (based on 14 day Average True Range), to move between $8.58 and $8.68, which gives a possible trading interval of +/-$0.0525 (+/-0.61%) up or down from last closing price. If Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 takes out the full calculated possible swing range there will be an estimated 1.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.61 (0.23%) than the resistance at $8.67 (0.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 stock A Buy?
Western Asset/Claymore US Treasury 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: 0.512 Hold/Accumulate Unchanged
Predicted Opening Price for Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$8.62 ( 0.120%) | $8.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WIW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.67 | 0.471 % | |
R2 | 8.65 | 0.245 % | ||
R1 | 8.64 | 0.106 % | ||
Current price: | 8.63 | |||
Support | S1 | 8.60 | -0.345 % | |
S2 | 8.59 | -0.485 % | ||
S3 | 8.57 | -0.711 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.70 | 0.81 % | |
R2 | 8.69 | 0.695 % | ||
R1 | 8.67 | 0.463 % | ||
Current price | 8.63 | |||
Support | S1 | 8.61 | -0.232% | |
S2 | 8.52 | -1.27% | ||
S3 | 8.45 | -2.09% |
WIW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | May 22, 2024 | May 31, 2024 | $0.0605 | 0.700% |
2 | Feb 20, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.0605 | 0.700% |
3 | Feb 20, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.0605 | 0.700% |
4 | Nov 27, 2023 | Feb 21, 2024 | Feb 29, 2024 | $0.0605 | 0.714% |
5 | Nov 21, 2023 | Jan 23, 2024 | Jan 31, 2024 | $0.0605 | 0.695% |
FAQ
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