iShares Intr Rate Hedged High Yield Bond ETF Forecast
Red day on Thursday for iShares Intr Rate Hedged High Yield Bond ETF after losing 0.443%
(Updated on May 02, 2024)
The iShares Intr Rate Hedged High Yield Bond ETF price fell by -0.443% on the last day (Thursday, 2nd May 2024) from $85.71 to $85.33. During the last trading day the ETF fluctuated 0.365% from a day low at $85.02 to a day high of $85.33. The price has risen in 7 of the last 10 days and is up by 0.72% 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 -5 thousand shares and in total, 17 thousand shares were bought and sold for approximately $1.48 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 Intr Rate Hedged High Yield Bond ETF with a 90% probability to be traded between $84.92 and $86.33 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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HYGH Signals & Forecast
The iShares Intr Rate Hedged High Yield Bond 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 stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $85.49. On a fall, the ETF will find some support from the long-term average at approximately $85.23. 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. 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 01, 2024, and so far it has fallen -0.443%. 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 Friday, April 19, 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 Friday, April 19, 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 01, 2024 and based on theory for this formation the price should fall by -2.02% to $83.61 within 24 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for iShares Intr Rate Hedged High Yield Bond ETF
iShares Intr Rate Hedged High Yield Bond finds support from accumulated volume at $85.18 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 $0.310 between high and low, or 0.365%. For the last week the ETF has had daily average volatility of 0.341%
Our recommended stop-loss: $81.93 (-3.99%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HYGH) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect iShares Interest Rate Hedged High Yield Bond ETF to open at $85.23, and during the day (based on 14 day Average True Range), to move between $84.93 and $85.73, which gives a possible trading interval of +/-$0.396 (+/-0.46%) up or down from last closing price. If iShares Interest Rate Hedged High Yield Bond ETF takes out the full calculated possible swing range there will be an estimated 0.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $85.38 (0.06%) than the support at $85.18 (0.18%), 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 Interest Rate Hedged 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 Intr Rate Hedged High Yield Bond ETF to perform well in the short-term period.
Current score: 1.292 Buy Candidate Unchanged
Predicted Opening Price for iShares Interest Rate Hedged High Yield Bond ETF of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $85.23 ( 0.121%) | $85.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HYGH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.54 | 0.242 % | |
| R2 | 85.42 | 0.103 % | ||
| R1 | 85.35 | 0.0177 % | ||
| Current price: | 85.33 | |||
| Support | S1 | 85.11 | -0.260 % | |
| S2 | 85.04 | -0.346 % | ||
| S3 | 84.92 | -0.484 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.52 | 0.223 % | |
| R2 | 85.48 | 0.176 % | ||
| R1 | 85.38 | 0.0586 % | ||
| Current price | 85.33 | |||
| Support | S1 | 85.18 | -0.176% | |
| S2 | 84.73 | -0.703% | ||
| S3 | 84.72 | -0.715% |
HYGH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 23, 2023 | Apr 02, 2024 | Apr 08, 2024 | $0.573 | 0.672% |
| 2 | Nov 23, 2023 | Mar 04, 2024 | Mar 08, 2024 | $0.640 | 0.756% |
| 3 | Nov 23, 2023 | Feb 02, 2024 | Feb 08, 2024 | $0.575 | 0.679% |
| 4 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.730 | 0.87% |
| 5 | Dec 04, 2023 | Dec 04, 2023 | Dec 04, 2023 | $0.646 | 0.773% |
FAQ
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