Iq Mackay Esg High Income Etf ETF Forecast
Evaluation of Iq Mackay Esg High Income Etf ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)
No changes to the price of Iq Mackay Esg High Income Etf ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $26.06 to a day high of $26.06. The price has been going up and down for this period, and there has been a 0.12% gain for the last 2 weeks.
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 Iq Mackay Esg High Income Etf ETF with a 90% probability to be traded between $25.86 and $26.25 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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IQHI Signals & Forecast
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. The Iq Mackay Esg High Income Etf 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 $26.15 and $26.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -0.799%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Tuesday, June 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 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 Tuesday, June 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 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 Tuesday, June 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 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.
Support, Risk & Stop-loss for Iq Mackay Esg High Income Etf ETF
Iq Mackay Esg High Income Etf finds support from accumulated volume at $26.03 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 0.0998%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IQHI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Iq Mackay Esg High Income Etf to open at $26.06, and during the day (based on 14 day Average True Range), to move between $26.00 and $26.12, which gives a possible trading interval of +/-$0.0623 (+/-0.24%) up or down from last closing price. If Iq Mackay Esg High Income Etf takes out the full calculated possible swing range there will be an estimated 0.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.03 (0.12%) than the resistance at $26.10 (0.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Iq Mackay Esg High Income Etf ETF A Buy?
Iq Mackay Esg High Income Etf 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: -2.375 Sell Candidate Downgraded
Predicted Opening Price for Iq Mackay Esg High Income Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$26.06 ( 0%) | $26.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IQHI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.06 | - |
R2 | 26.06 | - |
R1 | 26.06 | - |
Price | 26.06 | |
S1 | 26.06 | - |
S2 | 26.06 | - |
S3 | 26.06 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.27 | 0.81% |
R2 | 26.19 | 0.499% |
R1 | 26.10 | 0.153% |
Price | 26.06 | |
S1 | 26.03 | -0.115% |
S2 | 26.00 | -0.230% |
S3 | 25.99 | -0.269% |
FAQ
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