Ishares $ High Yield Corp Bond Ucits Etf ETF Forecast
Ishares $ High Yield Corp Bond Ucits Etf ETF upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Ishares $ High Yield Corp Bond Ucits Etf ETF price gained 0.158% on the last trading day (Friday, 28th Jun 2024), rising from 3.92€ to 3.92€. During the last trading day the ETF fluctuated 0.196% from a day low at 3.92€ to a day high of 3.93€. The price has risen in 5 of the last 10 days and is up by 0.36% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 513 more shares were traded than the day before. In total, 81 thousand shares were bought and sold for approximately 317.59€ thousand.
The ETF lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.93% during the next 3 months and, with a 90% probability hold a price between 3.72€ and 3.86€ at the end of this 3-month period. 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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IBC2.F Signals & Forecast
Mostly positive signals in the chart today. The Ishares $ High Yield Corp Bond Ucits Etf 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 3.92€ and 3.92€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.40%. 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). Ishares $ High Yield Corp Bond Ucits Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The ETF had a Golden Star Signal on Wednesday, November 29, 2023 in the long-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 12 Months
The ETF had a Golden Star Signal on Wednesday, November 29, 2023 in the long-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 $ High Yield Corp Bond Ucits Etf ETF
Ishares $ High Yield Corp Bond Ucits Etf finds support from accumulated volume at 3.92€ 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 0.0077€ between high and low, or 0.196%. For the last week the ETF has had daily average volatility of 0.243%.
Our recommended stop-loss: 3.71€ (-5.38%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (IBC2.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares $ High Yield Corp Bond Ucits Etf to open at 3.93€, and during the day (based on 14 day Average True Range), to move between 3.91€ and 3.94€, which gives a possible trading interval of +/-0.0139€ (+/-0.36%) up or down from last closing price. If Ishares $ High Yield Corp Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 3.92€ (0.11%) than the resistance at 3.98€ (1.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ishares $ High Yield Corp Bond Ucits Etf ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.822 Buy Candidate Upgraded
Predicted Opening Price for Ishares $ High Yield Corp Bond Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 3.93€ ( 0.0654%) | 3.92€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBC2.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.93 | 0.262% |
| R2 | 3.93 | 0.187% |
| R1 | 3.93 | 0.140% |
| Price | 3.92 | |
| S1 | 3.92 | -0.0095% |
| S2 | 3.92 | -0.0559% |
| S3 | 3.92 | -0.131% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.03 | 2.70% |
| R2 | 3.99 | 1.68% |
| R1 | 3.98 | 1.42% |
| Price | 3.92 | |
| S1 | 3.92 | -0.107% |
| S2 | 3.91 | -0.362% |
| S3 | 3.88 | -1.13% |
FAQ
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