iShares Intr Rate Hedged Long-Term ETF Forecast
Evaluation of iShares Intr Rate Hedged Long-Term ETF downgraded after the last trading session.
(Updated on Apr 15, 2024)
The iShares Intr Rate Hedged Long-Term ETF price fell by -0.408% on the last day (Monday, 15th Apr 2024) from $24.50 to $24.40. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.574% from a day low at $24.40 to a day high of $24.54. The price has fallen in 6 of the last 10 days and is down by -0.77% for this period. Volume has increased on the last day by 18 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 30 thousand shares were bought and sold for approximately $735.29 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 Intr Rate Hedged Long-Term ETF with a 90% probability to be traded between $24.16 and $24.66 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.
IGBH Signals & Forecast
There are few to no technical positive signals at the moment. The iShares Intr Rate Hedged Long-Term ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $24.52 and $24.45. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -0.81%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). iShares Intr Rate Hedged Long-Term 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". The ETF had a Golden Star Signal on Wednesday, February 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 09, 2023.
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
The ETF had a Golden Star Signal on Wednesday, February 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 09, 2023.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, February 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 09, 2023.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.
A sell signal from a double top formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should fall by -1.64% to $24.00 within 42 trading days since signal was issued (Tuesday, April 16, 2024).
Support, Risk & Stop-loss for iShares Intr Rate Hedged Long-Term ETF
iShares Intr Rate Hedged Long-Term finds support from accumulated volume at $24.35 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 $0.140 between high and low, or 0.574%. For the last week the ETF has had daily average volatility of 0.299%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IGBH) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect iShares Interest Rate Hedged Long-Term Corporate Bond ETF to open at $24.45, and during the day (based on 14 day Average True Range), to move between $24.32 and $24.48, which gives a possible trading interval of +/-$0.0810 (+/-0.33%) up or down from last closing price. If iShares Interest Rate Hedged Long-Term Corporate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.35 (0.20%) than the resistance at $24.48 (0.33%), 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 Interest Rate Hedged Long-Term Corporate Bond ETF ETF A Buy?
iShares Intr Rate Hedged Long-Term holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.113 Sell Candidate Downgraded
Predicted Opening Price for iShares Interest Rate Hedged Long-Term Corporate Bond ETF of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $24.45 ( 0.191%) | $24.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IGBH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.59 | 0.765 % | |
| R2 | 24.53 | 0.546 % | ||
| R1 | 24.50 | 0.410 % | ||
| Current price: | 24.40 | |||
| Support | S1 | 24.39 | -0.0279 % | |
| S2 | 24.36 | -0.163 % | ||
| S3 | 24.31 | -0.383 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.54 | 0.574 % | |
| R2 | 24.53 | 0.533 % | ||
| R1 | 24.48 | 0.328 % | ||
| Current price | 24.40 | |||
| Support | S1 | 24.35 | -0.205% | |
| S2 | 24.34 | -0.246% | ||
| S3 | 24.30 | -0.410% |
IGBH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 23, 2023 | Apr 02, 2024 | Apr 08, 2024 | $0.138 | 0.561% |
| 2 | Nov 23, 2023 | Mar 04, 2024 | Mar 08, 2024 | $0.141 | 0.579% |
| 3 | Nov 23, 2023 | Feb 02, 2024 | Feb 08, 2024 | $0.146 | 0.598% |
| 4 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.170 | 0.705% |
| 5 | Dec 04, 2023 | Dec 04, 2023 | Dec 04, 2023 | $0.153 | 0.631% |
FAQ
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