Ishares $ High Yield Corp Bond Esg Ucits ETF Forecast

Ishares $ High Yield Corp Bond Esg Ucits ETF price down 0% on Friday
(Updated on Jun 28, 2024)

DHYC.SW Signals & Forecast

The Ishares $ High Yield Corp Bond Esg Ucits 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 4.70 Fr. On a fall, the ETF will find some support from the long-term average at approximately 4.67 Fr. 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 Thursday, May 30, 2024, and so far it has risen 0.95%. Further rise is indicated until a new top pivot has been found. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, June 25, 2024 and based on theory for this formation the price should fall by -0.540% to 4.67 Fr within 15 trading days since signal was issued (Tuesday, July 16, 2024).

Support, Risk & Stop-loss for Ishares $ High Yield Corp Bond Esg Ucits ETF

Ishares $ High Yield Corp Bond Esg Ucits finds support from accumulated volume at 4.66 Fr 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0 Fr between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0575%

Our recommended stop-loss: 4.41 Fr (-5.98%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (DHYC.SW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ishares $ High Yield Corp Bond Esg Ucits Etf to open at 4.69 Fr, and during the day (based on 14 day Average True Range), to move between 4.67 Fr and 4.71 Fr, which gives a possible trading interval of +/-0.0157 Fr (+/-0.33%) up or down from last closing price. If Ishares $ High Yield Corp Bond Esg Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 4.69 Fr (0.05%) than the support at 4.66 Fr (0.65%), 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 $ High Yield Corp Bond Esg Ucits 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 Ishares $ High Yield Corp Bond Esg Ucits ETF to perform well in the short-term period.

Current score: 1.980 Buy Candidate Unchanged

Predicted Opening Price for Ishares $ High Yield Corp Bond Esg Ucits Etf of Monday, July 1, 2024

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