Ishares Broad $ High Yield Corp Bond ETF Forecast
Ishares Broad $ High Yield Corp Bond ETF price up 0.112% on Wednesday
(Updated on Jun 26, 2024)
The Ishares Broad $ High Yield Corp Bond ETF price gained 0.112% on the last trading day (Wednesday, 26th Jun 2024), rising from 4.81 Fr to 4.81 Fr. During the last trading day the ETF fluctuated 0% from a day low at 4.81 Fr to a day high of 4.81 Fr. The price has been going up and down for this period, and there has been a 0.39% gain for the last 2 weeks. Volume fell on the last day by -35 shares and in total, 24 thousand shares were bought and sold for approximately 117.45 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 Broad $ High Yield Corp Bond ETF with a 90% probability to be traded between 4.85 Fr and 4.89 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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HYUS.SW Signals & Forecast
The Ishares Broad $ High Yield Corp 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 4.81 Fr and 4.79 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 1.46%. Further rise is indicated until a new top pivot has been found. 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. 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 Broad $ High Yield Corp Bond ETF
Ishares Broad $ High Yield Corp Bond finds support from accumulated volume at 4.81 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 Fr between high and low, or 0%. For the last week the ETF has had daily average volatility of 0%
Our recommended stop-loss: 4.57 Fr (-5.01%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (HYUS.SW) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ishares Broad $ High Yield Corp Bond Ucits Etf to open at 4.81 Fr, and during the day (based on 14 day Average True Range), to move between 4.80 Fr and 4.82 Fr, which gives a possible trading interval of +/-0.0097 Fr (+/-0.20%) up or down from last closing price. If Ishares Broad $ High Yield Corp Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.40% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 4.81 Fr, some 0.0054 Fr (0.11%) from the current price of 4.81 Fr, our system finds the risk reward attractive.
Is Ishares Broad $ High Yield Corp Bond Ucits Etf ETF A Buy?
Ishares Broad $ High Yield Corp Bond 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 Ishares Broad $ High Yield Corp Bond Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 4.81 Fr ( 0%) | 4.81 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HYUS.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.81 | - |
| R2 | 4.81 | - |
| R1 | 4.81 | - |
| Price | 4.81 | |
| S1 | 4.81 | - |
| S2 | 4.81 | - |
| S3 | 4.81 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 4.81 | |
| S1 | 4.81 | -0.112% |
| S2 | 4.79 | -0.465% |
| S3 | 4.74 | -1.44% |
HYUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 11, 2024 | Jan 11, 2024 | 0.178 Fr | 3.81% |
FAQ
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