iShares International High Yield Bond ETF Forecast

iShares International High Yield Bond ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)

HYXU Signals & Forecast

The iShares International High Yield 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 $49.01 and $48.44. 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 -0.199%. Further fall is indicated until a new bottom pivot has been found. 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. The ETF had a Golden Star Signal on Thursday, May 02, 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.

Support, Risk & Stop-loss for iShares International High Yield Bond ETF

iShares International High Yield Bond finds support from accumulated volume at $48.76 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 $0.0538 between high and low, or 0.109%. For the last week the ETF has had daily average volatility of 0.230%

Our recommended stop-loss: $47.74 (-3.11%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (HYXU) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect iShares International High Yield Bond ETF to open at $49.29, and during the day (based on 14 day Average True Range), to move between $49.05 and $49.49, which gives a possible trading interval of +/-$0.225 (+/-0.46%) up or down from last closing price. If iShares International High Yield Bond ETF takes out the full calculated possible swing range there will be an estimated 0.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $49.30 (0.07%) than the support at $48.76 (1.04%), 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 International High Yield Bond ETF ETF A Buy?

iShares International High Yield 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.889 Hold/Accumulate Upgraded

Predicted Opening Price for iShares International High Yield Bond ETF of Monday, May 20, 2024

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