Ishares € High Yield Corp Bond Ucits ETF Forecast
Stronger technical forecast for Ishares € High Yield Corp Bond Ucits ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Ishares € High Yield Corp Bond Ucits ETF price gained 0.0650% on the last trading day (Friday, 28th Jun 2024), rising from 92.31€ to 92.37€. During the last trading day the ETF fluctuated 0.369% from a day low at 92.22€ to a day high of 92.56€. The price has been going up and down for this period, and there has been a 0.37% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately 2.28€ million.
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 € High Yield Corp Bond Ucits ETF with a 90% probability to be traded between 91.96€ and 92.62€ 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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IHYG.MI Signals & Forecast
The Ishares € High Yield Corp Bond Ucits 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 92.28€ and 92.28€. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, June 24, 2024, and so far it has fallen -0.0108%. 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). The ETF had a Golden Star Signal on Tuesday, June 25, 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.
Golden Star
The ETF had a Golden Star Signal on Tuesday, June 25, 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 92.20€ 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 0.340€ between high and low, or 0.369%. For the last week the ETF has had daily average volatility of 0.254%.
Our recommended stop-loss: 86.48€ (-6.38%) (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 (IHYG.MI) 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 Eur (dist) to open at 92.38€, and during the day (based on 14 day Average True Range), to move between 92.09€ and 92.65€, which gives a possible trading interval of +/-0.285€ (+/-0.31%) 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 0.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 92.39€ (0.02%) than the support at 92.20€ (0.18%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.591 Hold/Accumulate Upgraded
Predicted Opening Price for Ishares € High Yield Corp Bond Ucits Etf Eur (dist) of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
92.38€ ( 0.0144%) | 92.37€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHYG.MI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 92.72 | 0.383% |
R2 | 92.59 | 0.242% |
R1 | 92.51 | 0.155% |
Price | 92.37 | |
S1 | 92.25 | -0.126% |
S2 | 92.17 | -0.213% |
S3 | 92.04 | -0.354% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 92.59 | 0.238% |
R2 | 92.48 | 0.119% |
R1 | 92.39 | 0.0217% |
Price | 92.37 | |
S1 | 92.20 | -0.184% |
S2 | 92.08 | -0.314% |
S3 | 92.03 | -0.368% |
IHYG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Mar 27, 2024 | 2.90€ | 3.17% |
2 | Sep 14, 2023 | Sep 14, 2023 | Sep 27, 2023 | 2.75€ | 3.10% |
3 | Mar 16, 2023 | Mar 16, 2023 | Mar 29, 2023 | 2.35€ | 2.62% |
4 | Sep 15, 2022 | Sep 15, 2022 | Sep 28, 2022 | 1.78€ | 2.08% |
5 | Mar 17, 2022 | Mar 17, 2022 | Mar 30, 2022 | 1.53€ | 1.59% |
FAQ
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