ISHARES FALLEN ANGELS USD BOND ISHARES ETF Forecast

Sell candidate since Dec 12, 2024

The ISHARES FALLEN ANGELS USD BOND ISHARES ETF price fell by -0.220% on the last day (Thursday, 12th Dec 2024) from $27.22 to $27.16. During the last trading day the ETF fluctuated 0.276% from a day low at $27.16 to a day high of $27.23. The price has been going up and down for this period, and there has been a -0.18% loss for the last 2 weeks. Volume has increased on the last day by 1 million 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, 2 million shares were bought and sold for approximately $41.27 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 FALLEN ANGELS USD BOND ISHARES ETF with a 90% probability to be traded between $26.48 and $27.14 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 ETF seldom manage to go directly from the bottom of a trend up to the top. ETF turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the ETF 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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FALN Signals & Forecast

The ISHARES FALLEN ANGELS USD BOND ISHARES 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 ETF. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $27.21. On a fall, the ETF will find some support from the long-term average at approximately $27.08. 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. 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 Friday, November 29, 2024, and so far it has fallen -0.586%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Tuesday, November 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 03, 2024.

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 FALLEN ANGELS USD BOND ISHARES ETF

ISHARES FALLEN ANGELS USD BOND ISHARES finds support from accumulated volume at $27.02 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 ETF. During the last day, the ETF moved $0.0750 between high and low, or 0.276%. For the last week the ETF has had daily average volatility of 0.219%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FALN) For The Upcoming Trading Day Of Friday 13th

For the upcoming trading day on Friday, 13th we expect ISHARES FALLEN ANGELS USD BOND ETF ISHARES FALLEN ANGELS USD BOND ETF to open at $27.18, and during the day (based on 14 day Average True Range), to move between $27.07 and $27.25, which gives a possible trading interval of +/-$0.0916 (+/-0.34%) up or down from last closing price. If ISHARES FALLEN ANGELS USD BOND ETF ISHARES FALLEN ANGELS USD BOND 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 $27.17 (0.04%) than the support at $27.02 (0.52%), 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 FALLEN ANGELS USD BOND ETF ISHARES FALLEN ANGELS USD BOND ETF ETF A Buy?

ISHARES FALLEN ANGELS USD BOND ISHARES holds several negative signals and is within a narrow and falling trend, so we believe 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 Hold/Accumulate to a Sell candidate.

Current score: -1.727 Sell Candidate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on December 13, 2024 - $27.18 ( 0.0798%).