American Century Select High Yield Etf ETF Forecast

Green day on Thursday for American Century Select High Yield Etf
(Updated on Jun 27, 2024)

AHYB Signals & Forecast

Mostly positive signals in the chart today. The American Century Select High Yield Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $45.37. On a fall, the ETF will find some support from the long-term average at approximately $45.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.182%. 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). American Century Select High Yield Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

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 $0.0899 between high and low, or 0.199%. For the last week the ETF has had daily average volatility of 0.129%.

Our recommended stop-loss: $42.67 (-5.88%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (AHYB) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect American Century Select High Yield Etf to open at $45.33, and during the day (based on 14 day Average True Range), to move between $45.23 and $45.44, which gives a possible trading interval of +/-$0.104 (+/-0.23%) 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 0.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $45.37 (0.08%) than the support at $45.25 (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 American Century Select High Yield Etf ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for American Century Select High Yield Etf ETF to perform well in the short-term period.

Current score: 2.250 Buy Candidate Unchanged

Predicted Opening Price for American Century Select High Yield Etf of Friday, June 28, 2024

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