Jpmorgan International Bond ETF Forecast
Red day on Friday for Jpmorgan International Bond ETF after losing 0.0954%
(Updated on Jun 28, 2024)
The Jpmorgan International Bond ETF price fell by -0.0954% on the last day (Friday, 28th Jun 2024) from $47.17 to $47.13. During the last trading day the ETF fluctuated 0.318% from a day low at $47.10 to a day high of $47.25. The price has fallen in 6 of the last 10 days and is down by -0.39% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -39 thousand shares and in total, 46 thousand shares were bought and sold for approximately $2.16 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 Jpmorgan International Bond ETF with a 90% probability to be traded between $47.01 and $47.40 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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JPIB 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 Jpmorgan International Bond 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 $47.23 and $47.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -0.475%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Jpmorgan International Bond ETF
Jpmorgan International Bond finds support from accumulated volume at $47.11 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 $0.150 between high and low, or 0.318%. For the last week the ETF has had daily average volatility of 0.210%.
Our recommended stop-loss: $44.00 (-6.63%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (JPIB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jpmorgan International Bond Opportunities Etf to open at $47.16, and during the day (based on 14 day Average True Range), to move between $46.98 and $47.27, which gives a possible trading interval of +/-$0.142 (+/-0.30%) up or down from last closing price. If Jpmorgan International Bond Opportunities 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 support from accumulated volume at $47.11 (0.03%) than the resistance at $47.16 (0.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jpmorgan International Bond Opportunities Etf ETF A Buy?
Jpmorgan International Bond 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.
Current score: 0.297 Hold/Accumulate Unchanged
Predicted Opening Price for Jpmorgan International Bond Opportunities Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$47.16 ( 0.0707%) | $47.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JPIB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 47.31 | 0.389% |
R2 | 47.25 | 0.267% |
R1 | 47.22 | 0.192% |
Price | 47.13 | |
S1 | 47.10 | -0.0509% |
S2 | 47.07 | -0.126% |
S3 | 47.01 | -0.248% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 47.29 | 0.340% |
R2 | 47.17 | 0.0955% |
R1 | 47.16 | 0.0743% |
Price | 47.13 | |
S1 | 47.11 | -0.0318% |
S2 | 47.06 | -0.138% |
S3 | 46.98 | -0.308% |
JPIB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 01, 2024 | May 01, 2024 | May 06, 2024 | $0.169 | 0.359% |
2 | Feb 01, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.148 | 0.311% |
3 | Dec 28, 2023 | Dec 28, 2023 | Jan 03, 2024 | $0.134 | 0.282% |
4 | Dec 01, 2023 | Dec 01, 2023 | Dec 06, 2023 | $0.138 | 0.294% |
5 | Nov 01, 2023 | Nov 01, 2023 | Nov 06, 2023 | $0.136 | 0.299% |
FAQ
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