Ishares Esg Advanced Investment Grade ETF Forecast
Green day on Friday for Ishares Esg Advanced Investment Grade ETF after gaining 0.0123%
(Updated on Jun 21, 2024)
The Ishares Esg Advanced Investment Grade ETF price gained 0.0123% on the last trading day (Friday, 21st Jun 2024), rising from $81.30 to $81.31. During the last trading day the ETF fluctuated 0% from a day low at $81.31 to a day high of $81.31. The price has been going up and down for this period, and there has been a 1.66% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 65 more shares were traded than the day before. In total, 188 shares were bought and sold for approximately $15.29 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ishares Esg Advanced Investment Grade ETF with a 90% probability to be traded between $82.61 and $83.83 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.
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ELQD Signals & Forecast
The Ishares Esg Advanced Investment Grade 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 $81.37. On a fall, the ETF will find some support from the long-term average at approximately $80.89. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ishares Esg Advanced Investment Grade 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. 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 Thursday, June 13, 2024, and so far it has fallen -0.294%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ishares Esg Advanced Investment Grade ETF
Ishares Esg Advanced Investment Grade finds support from accumulated volume at $81.12 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0295%.
Our recommended stop-loss: $78.19 (-3.84%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (ELQD) For The Upcoming Trading Day Of Monday 24th
Since the stock is closer to the resistance from accumulated volume at $81.33 (0.02%) than the support at $81.12 (0.23%), 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 Esg Advanced Investment Grade Corporate Bond Etf ETF A Buy?
Ishares Esg Advanced Investment Grade 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 Ishares Esg Advanced Investment Grade Corporate Bond Etf of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $81.31 ( 0%) | $81.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELQD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 81.31 | - |
| R2 | 81.31 | - |
| R1 | 81.31 | - |
| Price | 81.31 | |
| S1 | 81.31 | - |
| S2 | 81.31 | - |
| S3 | 81.31 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 81.55 | 0.295% |
| R2 | 81.44 | 0.160% |
| R1 | 81.33 | 0.0246% |
| Price | 81.31 | |
| S1 | 81.12 | -0.234% |
| S2 | 80.30 | -1.24% |
| S3 | 79.98 | -1.63% |
ELQD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.285 | 0.355% |
| 2 | Nov 23, 2023 | Apr 01, 2024 | Apr 05, 2024 | $0.283 | 0.352% |
| 3 | Nov 23, 2023 | Feb 01, 2024 | Feb 07, 2024 | $0.276 | 0.337% |
| 4 | Nov 24, 2022 | Dec 14, 2023 | Dec 20, 2023 | $0.276 | 0.333% |
| 5 | Nov 24, 2022 | Dec 01, 2023 | Dec 07, 2023 | $0.277 | 0.341% |
FAQ
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