Xtrackers USD High Yield Corporate Bond ETF Forecast
Evaluation of Xtrackers USD High Yield Corporate Bond ETF downgraded after the last trading session.
(Updated on May 16, 2024)
The Xtrackers USD High Yield Corporate Bond ETF price fell by -0.169% on the last day (Thursday, 16th May 2024) from $35.55 to $35.49. During the last trading day the ETF fluctuated 0.254% from a day low at $35.48 to a day high of $35.57. The price has risen in 7 of the last 10 days and is up by 0.74% over the past 2 weeks. Volume has increased on the last day by 969 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, 2 million shares were bought and sold for approximately $73.24 million.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $35.54 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Xtrackers USD High Yield Corporate Bond ETF with a 90% probability to be traded between $34.28 and $35.19 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. Do note, that if the stock 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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HYLB Signals & Forecast
The Xtrackers USD High Yield Corporate Bond 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 $35.39 and $35.22. A breakdown below any of these levels will issue sell signals. 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 15, 2024, and so far it has fallen -0.169%. Further fall is indicated until a new bottom pivot has been found. 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 Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 2023.
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 Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 2023.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 12 Months
The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 2023.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 Xtrackers USD High Yield Corporate Bond ETF
Xtrackers USD High Yield Corporate Bond finds support from accumulated volume at $35.45 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 $0.0900 between high and low, or 0.254%. For the last week the ETF has had daily average volatility of 0.274%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HYLB) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Xtrackers USD High Yield Corporate Bond ETF to open at $35.51, and during the day (based on 14 day Average True Range), to move between $35.35 and $35.63, which gives a possible trading interval of +/-$0.144 (+/-0.41%) up or down from last closing price. If Xtrackers USD High Yield Corporate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.45 (0.11%) than the resistance at $35.59 (0.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xtrackers USD High Yield Corporate Bond ETF ETF A Buy?
Xtrackers USD High Yield Corporate Bond holds several negative signals and we believe that 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: -2.027 Sell Candidate Downgraded
Predicted Opening Price for Xtrackers USD High Yield Corporate Bond ETF of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $35.51 ( 0.0657%) | $35.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HYLB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.60 | 0.319 % | |
| R2 | 35.57 | 0.222 % | ||
| R1 | 35.55 | 0.163 % | ||
| Current price: | 35.49 | |||
| Support | S1 | 35.48 | -0.0311 % | |
| S2 | 35.46 | -0.0910 % | ||
| S3 | 35.42 | -0.188 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.71 | 0.620 % | |
| R2 | 35.64 | 0.423 % | ||
| R1 | 35.59 | 0.282 % | ||
| Current price | 35.49 | |||
| Support | S1 | 35.45 | -0.113% | |
| S2 | 35.43 | -0.169% | ||
| S3 | 35.08 | -1.16% |
HYLB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 08, 2024 | $0.183 | 0.518% |
| 2 | Feb 07, 2024 | Apr 01, 2024 | Apr 08, 2024 | $0.199 | 0.562% |
| 3 | Feb 07, 2024 | Mar 01, 2024 | Mar 08, 2024 | $0.172 | 0.484% |
| 4 | Jan 31, 2024 | Feb 01, 2024 | Feb 08, 2024 | $0.182 | 0.514% |
| 5 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $0.172 | 0.483% |
FAQ
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