Ishares Core Global Aggregate Bond Ucits ETF Forecast
Red day on Friday for Ishares Core Global Aggregate Bond Ucits
(Updated on Jun 28, 2024)
The Ishares Core Global Aggregate Bond Ucits ETF price fell by -0.0234% on the last day (Friday, 28th Jun 2024) from $4.27 to $4.27. During the last trading day the ETF fluctuated 0.598% from a day low at $4.26 to a day high of $4.29. The price has fallen in 6 of the last 10 days and is down by -0.4% for this period. Volume has increased on the last day by 288 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 288 thousand shares were bought and sold for approximately $1.23 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ishares Core Global Aggregate Bond Ucits ETF with a 90% probability to be traded between $4.27 and $4.37 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.
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AGGG.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Core Global Aggregate Bond Ucits ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $4.28 and $4.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -0.86%. Further fall is indicated until a new bottom pivot has been found. Ishares Core Global Aggregate Bond Ucits 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 sell signal from a double top formation was found on Wednesday, June 12, 2024 and based on theory for this formation the price should fall by -2.52% to $4.16 within 17 trading days since signal was issued (Friday, July 05, 2024).
Support, Risk & Stop-loss for Ishares Core Global Aggregate Bond Ucits ETF
Ishares Core Global Aggregate Bond Ucits finds support from accumulated volume at $4.26 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 $0.0255 between high and low, or 0.598%. For the last week the ETF has had daily average volatility of 0.391%.
Our recommended stop-loss: $4.12 (-3.56%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (AGGG.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Core Global Aggregate Bond Ucits Etf to open at $4.27, and during the day (based on 14 day Average True Range), to move between $4.24 and $4.29, which gives a possible trading interval of +/-$0.0245 (+/-0.57%) up or down from last closing price. If Ishares Core Global Aggregate Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.27 (0.06%) than the support at $4.26 (0.18%), 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 Core Global Aggregate Bond Ucits Etf ETF A Buy?
Ishares Core Global Aggregate Bond Ucits holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ishares Core Global Aggregate Bond Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $4.27 ( 0.129%) | $4.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGGG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.30 | 0.726% |
| R2 | 4.29 | 0.498% |
| R1 | 4.28 | 0.357% |
| Price | 4.27 | |
| S1 | 4.26 | -0.0994% |
| S2 | 4.26 | -0.240% |
| S3 | 4.25 | -0.469% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.30 | 0.762% |
| R2 | 4.29 | 0.527% |
| R1 | 4.27 | 0.0586% |
| Price | 4.27 | |
| S1 | 4.26 | -0.176% |
| S2 | 4.23 | -0.88% |
| S3 | 4.20 | -1.58% |
AGGG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 11, 2024 | Jan 24, 2024 | $0.0566 | 1.32% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | $0.0494 | 1.14% |
| 3 | Jan 12, 2023 | Jan 12, 2023 | Jan 12, 2023 | $0.0401 | 0.91% |
| 4 | Jul 14, 2022 | Jul 14, 2022 | Jul 14, 2022 | $0.0336 | 0.765% |
| 5 | Jan 13, 2022 | Jan 13, 2022 | Jan 13, 2022 | $0.0335 | 0.649% |
FAQ
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