Ishares Ibonds 2028 Term High Yield And ETF Forecast

Red day on Friday for Ishares Ibonds 2028 Term High Yield And
(Updated on Jun 28, 2024)

IBHH Signals & Forecast

The Ishares Ibonds 2028 Term High Yield And 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 $23.14. On a fall, the ETF will find some support from the long-term average at approximately $23.09. 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). 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 Thursday, June 27, 2024, and so far it has fallen -0.216%. Further fall is indicated until a new bottom pivot has been found. Ishares Ibonds 2028 Term High Yield And gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Thursday, June 27, 2024 and based on theory for this formation the price should fall by -0.160% to $23.08 within 9 trading days since signal was issued (Thursday, July 11, 2024).

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 $0.110 between high and low, or 0.476%. For the last week the ETF has had daily average volatility of 0.248%.

Our recommended stop-loss: $21.79 (-5.75%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

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

For the upcoming trading day on Monday, 1st 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 $23.04 and $23.20, which gives a possible trading interval of +/-$0.0780 (+/-0.34%) 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 0.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.14 (0.09%) than the support at $23.07 (0.22%), 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 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.

Current score: 1.341 Buy Candidate Unchanged

Predicted Opening Price for Ishares Ibonds 2028 Term High Yield And Income Etf of Monday, July 1, 2024

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