American Century Select High Yield Etf ETF Forecast

American Century Select High Yield Etf ETF price down 0.0504% on Friday
(Updated on Jun 21, 2024)

AHYB Signals & Forecast

The American Century Select High Yield Etf ETF 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 $45.35 and $45.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.262%. Further rise is indicated until a new top pivot has been found. 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. American Century Select High Yield Etf 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".

Support, Risk & Stop-loss for American Century Select High Yield Etf ETF

American Century Select High Yield Etf finds support from accumulated volume at $45.25 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 $0.109 between high and low, or 0.240%. For the last week the ETF has had daily average volatility of 0.270%.

Our recommended stop-loss: $43.18 (-4.82%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (AHYB) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect American Century Select High Yield Etf to open at $45.35, and during the day (based on 14 day Average True Range), to move between $45.25 and $45.49, which gives a possible trading interval of +/-$0.117 (+/-0.26%) up or down from last closing price. If American Century Select High Yield Etf takes out the full calculated possible swing range there will be an estimated 0.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $45.38 (0.02%) than the support at $45.25 (0.26%), 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 American Century Select High Yield Etf ETF A Buy?

American Century Select High Yield Etf 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: 0.000 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 American Century Select High Yield Etf of Monday, June 24, 2024

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