Ishares Ibonds 2028 Term High Yield And ETF Forecast
Stronger technical forecast for Ishares Ibonds 2028 Term High Yield And ETF price after Monday trading.
(Updated on Jun 24, 2024)
The Ishares Ibonds 2028 Term High Yield And ETF price gained 0.0864% on the last trading day (Monday, 24th Jun 2024), rising from $23.14 to $23.16. During the last trading day the ETF fluctuated 0.194% from a day low at $23.14 to a day high of $23.19. The price has risen in 7 of the last 10 days and is up by 0.56% 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, 4 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately $408.38 thousand.
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 Ibonds 2028 Term High Yield And ETF with a 90% probability to be traded between $23.12 and $23.29 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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IBHH Signals & Forecast
Mostly positive signals in the chart today. The Ishares Ibonds 2028 Term High Yield And 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 $23.11 and $23.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.608%. 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 Ibonds 2028 Term High Yield And 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.
Support, Risk & Stop-loss for Ishares Ibonds 2028 Term High Yield And ETF
Ishares Ibonds 2028 Term High Yield And finds support from accumulated volume at $23.07 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 $0.0449 between high and low, or 0.194%. For the last week the ETF has had daily average volatility of 0.198%.
Our recommended stop-loss: $21.23 (-8.33%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (IBHH) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Ishares Ibonds 2028 Term High Yield And Income Etf to open at $23.16, and during the day (based on 14 day Average True Range), to move between $23.08 and $23.24, which gives a possible trading interval of +/-$0.0821 (+/-0.35%) up or down from last closing price. If Ishares Ibonds 2028 Term High Yield And Income 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.
With no resistance above and support from accumulated volume @ $23.07, some $0.0900 (0.39%) from the current price of $23.16, our system finds the risk reward attractive.
Is Ishares Ibonds 2028 Term High Yield And Income Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ishares Ibonds 2028 Term High Yield And ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.307 Buy Candidate Upgraded
Predicted Opening Price for Ishares Ibonds 2028 Term High Yield And Income Etf of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $23.16 ( 0.0073%) | $23.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBHH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.21 | 0.201% |
| R2 | 23.19 | 0.127% |
| R1 | 23.18 | 0.0814% |
| Price | 23.16 | |
| S1 | 23.14 | -0.0667% |
| S2 | 23.13 | -0.112% |
| S3 | 23.12 | -0.187% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 23.16 | |
| S1 | 23.07 | -0.389% |
| S2 | 23.04 | -0.518% |
| S3 | 23.02 | -0.604% |
IBHH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.138 | 0.596% |
| 2 | Mar 28, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.143 | 0.622% |
| 3 | Mar 01, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.134 | 0.577% |
| 4 | Feb 01, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.130 | 0.561% |
| 5 | Dec 14, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.141 | 0.609% |
FAQ
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