Bondbloxx Etf Trust - Bondbloxx Usd High ETF Forecast

Bondbloxx Etf Trust - Bondbloxx Usd High ETF price down 0% on Friday
(Updated on Jun 28, 2024)

HYSA Signals & Forecast

The Bondbloxx Etf Trust - Bondbloxx Usd High 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 $14.85. On a fall, the ETF will find some support from the long-term average at approximately $14.82. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the ETF should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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, June 18, 2024, and so far it has fallen -0.470%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Thursday, June 13, 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.

Buy

Special Signal Notification

Golden Star

The ETF had a Golden Star Signal on Thursday, June 13, 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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should fall by -1.32% to $14.63 within 22 trading days since signal was issued (Monday, July 22, 2024).

Support, Risk & Stop-loss for Bondbloxx Etf Trust - Bondbloxx Usd High ETF

Bondbloxx Etf Trust - Bondbloxx Usd High finds support from accumulated volume at $14.79 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 $0.0401 between high and low, or 0.270%. For the last week the ETF has had daily average volatility of 0.256%.

Our recommended stop-loss: $14.23 (-4.06%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (HYSA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Bondbloxx Etf Trust - Bondbloxx Usd High Yield Sector Rotation Etf to open at $14.84, and during the day (based on 14 day Average True Range), to move between $14.76 and $14.90, which gives a possible trading interval of +/-$0.0736 (+/-0.50%) up or down from last closing price. If Bondbloxx Etf Trust - Bondbloxx Usd High Yield Sector Rotation Etf takes out the full calculated possible swing range there will be an estimated 0.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.85 (0.13%) than the support at $14.79 (0.27%), 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 Bondbloxx Etf Trust - Bondbloxx Usd High Yield Sector Rotation Etf ETF A Buy?

Bondbloxx Etf Trust - Bondbloxx Usd High 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 Bondbloxx Etf Trust - Bondbloxx Usd High Yield Sector Rotation Etf of Monday, July 1, 2024

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