Ishares Global High Yield Corp Bond Chf ETF Forecast
Ishares Global High Yield Corp Bond Chf ETF upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Ishares Global High Yield Corp Bond Chf ETF price gained 0.211% on the last trading day (Friday, 28th Jun 2024), rising from 72.14 Fr to 72.29 Fr. During the last trading day the ETF fluctuated 0.82% from a day low at 71.88 Fr to a day high of 72.46 Fr. The price has fallen in 5 of the last 10 days and is down by -0.36% for this period. Volume fell on the last day by -17 thousand shares and in total, 9 thousand shares were bought and sold for approximately 620.09 Fr thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Global High Yield Corp Bond Chf ETF with a 90% probability to be traded between 69.76 Fr and 72.46 Fr 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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GHYC.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.09%. 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 Global High Yield Corp Bond Chf 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 72.47 Fr and 72.56 Fr. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Ishares Global High Yield Corp Bond Chf ETF
Ishares Global High Yield Corp Bond Chf finds support from accumulated volume at 72.18 Fr 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 0.588 Fr between high and low, or 0.82%. For the last week the ETF has had daily average volatility of 0.669%
Our recommended stop-loss: 66.75 Fr (-7.66%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 61 days ago.)
Trading Expectations (GHYC.SW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Global High Yield Corp Bond Chf Hedged Ucits Etf (dist) to open at 72.21 Fr, and during the day (based on 14 day Average True Range), to move between 71.84 Fr and 72.73 Fr, which gives a possible trading interval of +/-0.445 Fr (+/-0.62%) up or down from last closing price. If Ishares Global High Yield Corp Bond Chf Hedged Ucits Etf (dist) takes out the full calculated possible swing range there will be an estimated 1.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 72.18 Fr (0.15%) than the resistance at 72.45 Fr (0.22%), 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 Global High Yield Corp Bond Chf Hedged Ucits Etf (dist) ETF A Buy?
Ishares Global High Yield Corp Bond Chf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.345 Hold/Accumulate Upgraded
Predicted Opening Price for Ishares Global High Yield Corp Bond Chf Hedged Ucits Etf (dist) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 72.21 Fr ( 0.109%) | 72.29 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GHYC.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 72.80 | 0.705% |
| R2 | 72.57 | 0.394% |
| R1 | 72.43 | 0.202% |
| Price | 72.29 | |
| S1 | 71.98 | -0.420% |
| S2 | 71.85 | -0.612% |
| S3 | 71.62 | -0.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 74.19 | 2.63% |
| R2 | 73.49 | 1.66% |
| R1 | 72.45 | 0.221% |
| Price | 72.29 | |
| S1 | 72.18 | -0.149% |
| S2 | 72.14 | -0.210% |
| S3 | 71.68 | -0.84% |
FAQ
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