Jpmorgan Etfs (ireland) Icav Global High ETF Forecast

Weaker technical forecast for Jpmorgan Etfs (ireland) Icav Global High as ETF downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

JGHY.F Signals & Forecast

The Jpmorgan Etfs (ireland) Icav Global High 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 102.05€ and 101.07€. A breakdown below any of these levels will issue sell signals. 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 Friday, June 21, 2024, and so far it has fallen -0.171%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 21, 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 Jpmorgan Etfs (ireland) Icav Global High ETF

Jpmorgan Etfs (ireland) Icav Global High finds support from accumulated volume at 100.62€ 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 0.105€ between high and low, or 0.103%. For the last week the ETF has had daily average volatility of 0.217%

Our recommended stop-loss: 98.64€ (-3.34%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)

Trading Expectations (JGHY.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Jpmorgan Etfs (ireland) Icav Global High Yield Corporate Bond Multi-factor Ucits Etf to open at 102.09€, and during the day (based on 14 day Average True Range), to move between 101.75€ and 102.36€, which gives a possible trading interval of +/-0.306€ (+/-0.30%) up or down from last closing price. If Jpmorgan Etfs (ireland) Icav Global High Yield Corporate Bond Multi-factor Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 102.12€ (0.06%) than the support at 100.62€ (1.41%), 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 Jpmorgan Etfs (ireland) Icav Global High Yield Corporate Bond Multi-factor Ucits Etf ETF A Buy?

Jpmorgan Etfs (ireland) Icav Global High 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. 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: 0.900 Hold/Accumulate Downgraded

Predicted Opening Price for Jpmorgan Etfs (ireland) Icav Global High Yield Corporate Bond Multi-factor Ucits Etf of Monday, July 1, 2024

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