ISHARES FALLEN ANGELS USD BOND ISHARES ETF Forecast
Evaluation of ISHARES FALLEN ANGELS USD BOND ISHARES ETF downgraded after the last trading session.
(Updated on Apr 30, 2024)
The ISHARES FALLEN ANGELS USD BOND ISHARES ETF price fell by -0.607% on the last day (Tuesday, 30th Apr 2024) from $26.34 to $26.18. During the last trading day the ETF fluctuated 0.439% from a day low at $26.18 to a day high of $26.30. The price has risen in 6 of the last 10 days and is up by 0.58% over the past 2 weeks. Volume has increased on the last day by 347 thousand 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, 846 thousand shares were bought and sold for approximately $22.14 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 $25.69 and $26.48 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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FALN Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.654%. 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. The ISHARES FALLEN ANGELS USD BOND ISHARES ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $26.22 and $26.47. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for ISHARES FALLEN ANGELS USD BOND ISHARES ETF
ISHARES FALLEN ANGELS USD BOND ISHARES finds support from accumulated volume at $26.07 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 $0.115 between high and low, or 0.439%. For the last week the ETF has had daily average volatility of 0.421%.
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 Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect ISHARES FALLEN ANGELS USD BOND ETF ISHARES FALLEN ANGELS USD BOND ETF to open at $26.22, and during the day (based on 14 day Average True Range), to move between $26.05 and $26.31, which gives a possible trading interval of +/-$0.133 (+/-0.51%) 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 1.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.07 (0.42%) than the resistance at $26.40 (0.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -1.261 Sell Candidate Downgraded
Predicted Opening Price for ISHARES FALLEN ANGELS USD BOND ETF ISHARES FALLEN ANGELS USD BOND ETF of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $26.22 ( 0.146%) | $26.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FALN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.33 | 0.586 % | |
| R2 | 26.29 | 0.418 % | ||
| R1 | 26.26 | 0.314 % | ||
| Current price: | 26.18 | |||
| Support | S1 | 26.17 | -0.0214 % | |
| S2 | 26.15 | -0.125 % | ||
| S3 | 26.10 | -0.293 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.54 | 1.38 % | |
| R2 | 26.48 | 1.15 % | ||
| R1 | 26.40 | 0.84 % | ||
| Current price | 26.18 | |||
| Support | S1 | 26.07 | -0.420% | |
| S2 | 26.03 | -0.573% | ||
| S3 | 26.01 | -0.649% |
FALN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.169 | 0.637% |
| 2 | Feb 29, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.134 | 0.506% |
| 3 | Jan 31, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.122 | 0.462% |
| 4 | Nov 30, 2023 | Dec 14, 2023 | Dec 07, 2023 | $0.132 | 0.509% |
| 5 | Nov 30, 2023 | Dec 01, 2023 | Dec 07, 2023 | $0.123 | 0.473% |
FAQ
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