Ishares € High Yield Corp Bond Ucits ETF Forecast

Evaluation of Ishares € High Yield Corp Bond Ucits ETF downgraded after the last trading session.
(Updated on Jun 19, 2024)

IHYG.L Signals & Forecast

There are few to no technical positive signals at the moment. The Ishares € High Yield Corp Bond Ucits 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 92.23€ and 92.14€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -0.669%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, May 03, 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 € High Yield Corp Bond Ucits ETF

Ishares € High Yield Corp Bond Ucits finds support from accumulated volume at 91.78€ 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€ between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.406%

Our recommended stop-loss: 88.02€ (-4.35%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (IHYG.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Ishares € High Yield Corp Bond Ucits Etf Eur (dist) to open at 92.03€, and during the day (based on 14 day Average True Range), to move between 91.61€ and 92.45€, which gives a possible trading interval of +/-0.416€ (+/-0.45%) up or down from last closing price. If Ishares € High Yield Corp Bond Ucits Etf Eur (dist) takes out the full calculated possible swing range there will be an estimated 0.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 92.09€ (0.07%) than the support at 91.78€ (0.27%), 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 € High Yield Corp Bond Ucits Etf Eur (dist) ETF A Buy?

Ishares € High Yield Corp Bond Ucits holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.947 Hold/Accumulate Downgraded

Predicted Opening Price for Ishares € High Yield Corp Bond Ucits Etf Eur (dist) of Thursday, June 20, 2024

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