iShares USD Green Bond ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
iShares USD Green Bond ETF downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on May 08, 2024)
The iShares USD Green Bond ETF price fell by -0.129% on the last day (Wednesday, 8th May 2024) from $46.38 to $46.32. During the last trading day the ETF fluctuated 0.108% from a day low at $46.27 to a day high of $46.32. The price has risen in 6 of the last 10 days and is up by 0.81% over the past 2 weeks. Volume has increased on the last day by 3 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, 27 thousand shares were bought and sold for approximately $1.23 million.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $46.37 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect iShares USD Green Bond ETF with a 90% probability to be traded between $44.98 and $45.62 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BGRN Signals & Forecast
The iShares USD Green Bond ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $46.17 and $46.28. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.129%. Further fall is indicated until a new bottom pivot has been found. iShares USD Green Bond 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". The ETF had a Golden Star Signal on Thursday, May 02, 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 ETF in question.
Golden Star
The ETF had a Golden Star Signal on Thursday, May 02, 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 ETF in question.
Support, Risk & Stop-loss for iShares USD Green Bond ETF
iShares USD Green Bond finds support from accumulated volume at $45.98 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 $0.0500 between high and low, or 0.108%. For the last week the ETF has had daily average volatility of 0.280%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BGRN) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect iShares USD Green Bond ETF to open at $46.30, and during the day (based on 14 day Average True Range), to move between $46.15 and $46.49, which gives a possible trading interval of +/-$0.167 (+/-0.36%) up or down from last closing price. If iShares USD Green Bond ETF takes out the full calculated possible swing range there will be an estimated 0.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.38 (0.13%) than the support at $45.98 (0.73%), 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 USD Green Bond ETF ETF A Buy?
iShares USD Green Bond holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -2.034 Sell Candidate Downgraded
Predicted Opening Price for iShares USD Green Bond ETF of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $46.30 ( 0.0360%) | $46.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGRN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.35 | 0.0720 % | |
| R2 | 46.33 | 0.0307 % | ||
| R1 | 46.32 | 0.0053 % | ||
| Current price: | 46.32 | |||
| Support | S1 | 46.28 | -0.0772 % | |
| S2 | 46.27 | -0.103 % | ||
| S3 | 46.25 | -0.144 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.63 | 0.676 % | |
| R2 | 46.60 | 0.604 % | ||
| R1 | 46.38 | 0.130 % | ||
| Current price | 46.32 | |||
| Support | S1 | 45.98 | -0.734% | |
| S2 | 45.95 | -0.799% | ||
| S3 | 45.83 | -1.06% |
BGRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | May 01, 2024 | May 07, 2024 | $0.154 | 0.332% |
| 2 | Mar 28, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.150 | 0.324% |
| 3 | Feb 29, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.148 | 0.316% |
| 4 | Jan 31, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.147 | 0.314% |
| 5 | Nov 30, 2023 | Dec 14, 2023 | Dec 07, 2023 | $0.151 | 0.326% |
FAQ
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