Blackrock Etf Trust Ii - Blackrock Aaa ETF Forecast

Stronger technical forecast for Blackrock Etf Trust Ii - Blackrock Aaa ETF price after Monday trading.
(Updated on Jun 17, 2024)

CLOA Signals & Forecast

The Blackrock Etf Trust Ii - Blackrock Aaa 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 $51.80 and $51.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 0.213%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Tuesday, April 09, 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 Blackrock Etf Trust Ii - Blackrock Aaa ETF

Blackrock Etf Trust Ii - Blackrock Aaa finds support from accumulated volume at $51.82 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 $0.0300 between high and low, or 0.0579%. For the last week the ETF has had daily average volatility of 0.0715%.

Our recommended stop-loss: $47.88 (-7.63%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (CLOA) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Blackrock Etf Trust Ii - Blackrock Aaa Clo Etf to open at $51.83, and during the day (based on 14 day Average True Range), to move between $51.77 and $51.89, which gives a possible trading interval of +/-$0.0591 (+/-0.11%) up or down from last closing price. If Blackrock Etf Trust Ii - Blackrock Aaa Clo Etf takes out the full calculated possible swing range there will be an estimated 0.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $51.82 (0.02%) than the resistance at $51.92 (0.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Blackrock Etf Trust Ii - Blackrock Aaa Clo 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 Blackrock Etf Trust Ii - Blackrock Aaa ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.595 Buy Candidate Upgraded

Predicted Opening Price for Blackrock Etf Trust Ii - Blackrock Aaa Clo Etf of Tuesday, June 18, 2024

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