iShares Emerging Markets High Yield Bond ETF Forecast
Red day on Friday for iShares Emerging Markets High Yield Bond
(Updated on May 17, 2024)
The iShares Emerging Markets High Yield Bond ETF price fell by -0.0533% on the last day (Friday, 17th May 2024) from $37.49 to $37.47. During the last trading day the ETF fluctuated 0.187% from a day low at $37.42 to a day high of $37.49. The price has risen in 6 of the last 10 days and is up by 0.75% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -44 thousand shares and in total, 29 thousand shares were bought and sold for approximately $1.09 million.
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 Emerging Markets High Yield Bond ETF with a 90% probability to be traded between $37.05 and $38.30 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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EMHY Signals & Forecast
The iShares Emerging Markets High Yield Bond 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 $37.39 and $37.10. 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 Wednesday, May 15, 2024, and so far it has fallen -0.399%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. 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.
A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -2.16% to $36.66 within 26 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for iShares Emerging Markets High Yield Bond ETF
iShares Emerging Markets High Yield Bond finds support from accumulated volume at $37.24 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 $0.0701 between high and low, or 0.187%. For the last week the ETF has had daily average volatility of 0.273%
Our recommended stop-loss: $35.99 (-3.94%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (EMHY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect iShares Emerging Markets High Yield Bond ETF to open at $37.46, and during the day (based on 14 day Average True Range), to move between $37.29 and $37.65, which gives a possible trading interval of +/-$0.176 (+/-0.47%) up or down from last closing price. If iShares Emerging Markets High Yield Bond ETF takes out the full calculated possible swing range there will be an estimated 0.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.48 (0.03%) than the support at $37.24 (0.61%), 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 Emerging Markets High Yield Bond 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 Emerging Markets High Yield Bond ETF to perform well in the short-term period.
Current score: 2.651 Buy Candidate Unchanged
Predicted Opening Price for iShares Emerging Markets High Yield Bond ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $37.46 ( 0.0268%) | $37.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMHY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.53 | 0.160 % | |
| R2 | 37.50 | 0.0888 % | ||
| R1 | 37.49 | 0.0447 % | ||
| Current price: | 37.47 | |||
| Support | S1 | 37.43 | -0.0982 % | |
| S2 | 37.42 | -0.142 % | ||
| S3 | 37.39 | -0.214 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.59 | 0.320 % | |
| R2 | 37.49 | 0.0534 % | ||
| R1 | 37.48 | 0.0267 % | ||
| Current price | 37.47 | |||
| Support | S1 | 37.24 | -0.614% | |
| S2 | 37.06 | -1.09% | ||
| S3 | 36.68 | -2.11% |
EMHY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.195 | 0.523% |
| 2 | Apr 01, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.207 | 0.554% |
| 3 | Mar 01, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.198 | 0.534% |
| 4 | Feb 01, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.194 | 0.536% |
| 5 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.215 | 0.595% |
FAQ
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