Federated Hermes Short Duration ETF Forecast

Federated Hermes Short Duration ETF price down 0% on Thursday
(Updated on Jun 20, 2024)

FCSH Signals & Forecast

The Federated Hermes Short Duration 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 $23.85 and $23.82. A breakdown below any of these levels will issue sell signals. 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 Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for Federated Hermes Short Duration ETF

Federated Hermes Short Duration finds support from accumulated volume at $23.78 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0252%

Our recommended stop-loss: $1.20 (-5.00%) (Unable to calculate.)

Trading Expectations (FCSH) For The Upcoming Trading Day Of Friday 21st

With no resistance above and support from accumulated volume @ $23.78, some $0.139 (0.58%) from the current price of $23.92, our system finds the risk reward attractive.

Is Federated Hermes Short Duration Corporate Etf ETF A Buy?

Federated Hermes Short Duration 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 Federated Hermes Short Duration Corporate Etf of Friday, June 21, 2024

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