SPDR Blmbg Barclays High Yield Bd ETF Forecast

SPDR Blmbg Barclays High Yield Bd ETF price down 0.139% on Wednesday
(Updated on May 01, 2024)

JNK 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 SPDR Blmbg Barclays High Yield Bd ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $93.63 and $94.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.766%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Tuesday, September 12, 2023 in the long-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 SPDR Blmbg Barclays High Yield Bd ETF

SPDR Blmbg Barclays High Yield Bd finds support from accumulated volume at $93.00 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 $0.84 between high and low, or 0.91%. For the last week the ETF has had daily average volatility of 0.545%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (JNK) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect SPDR Blmbg Barclays High Yield Bd ETF to open at $93.28, and during the day (based on 14 day Average True Range), to move between $92.82 and $93.78, which gives a possible trading interval of +/-$0.479 (+/-0.51%) up or down from last closing price. If SPDR Blmbg Barclays High Yield Bd ETF takes out the full calculated possible swing range there will be an estimated 1.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $93.00 (0.32%) than the resistance at $94.42 (1.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SPDR Blmbg Barclays High Yield Bd ETF ETF A Buy?

SPDR Blmbg Barclays High Yield Bd 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.

Current score: -4.217 Sell Candidate Unchanged

Predicted Opening Price for SPDR Blmbg Barclays High Yield Bd ETF of Thursday, May 2, 2024

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