iShares iBoxx $ Investment Grade ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
iShares iBoxx $ Investment Grade ETF upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The iShares iBoxx $ Investment Grade ETF price fell by -0.233% on the last day (Friday, 17th May 2024) from $107.44 to $107.19. During the last trading day the ETF fluctuated 0.268% from a day low at $107.16 to a day high of $107.45. The price has risen in 6 of the last 10 days and is up by 0.74% over the past 2 weeks. 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 -1 million shares and in total, 22 million shares were bought and sold for approximately $2.34 billion.
The ETF lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $107.52 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -2.55% during the next 3 months and, with a 90% probability hold a price between $100.86 and $104.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LQD Signals & Forecast
The iShares iBoxx $ Investment Grade 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 $106.89 and $106.14. 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 Wednesday, May 15, 2024, and so far it has fallen -0.390%. 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 iShares iBoxx $ Investment Grade ETF
iShares iBoxx $ Investment Grade finds support from accumulated volume at $106.04 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 $0.287 between high and low, or 0.268%. For the last week the ETF has had daily average volatility of 0.339%.
Our recommended stop-loss: $103.12 (-3.80%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (LQD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect iShares iBoxx $ Investment Grade Corporate Bond ETF to open at $107.27, and during the day (based on 14 day Average True Range), to move between $106.60 and $107.78, which gives a possible trading interval of +/-$0.593 (+/-0.55%) up or down from last closing price. If iShares iBoxx $ Investment Grade Corporate Bond ETF takes out the full calculated possible swing range there will be an estimated 1.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $107.57 (0.35%) than the support at $106.04 (1.07%), 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 iBoxx $ Investment Grade Corporate Bond ETF ETF A Buy?
iShares iBoxx $ Investment Grade 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: -0.539 Hold/Accumulate Upgraded
Predicted Opening Price for iShares iBoxx $ Investment Grade Corporate Bond ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $107.27 ( 0.0726%) | $107.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LQD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.55 | 0.340 % | |
| R2 | 107.44 | 0.238 % | ||
| R1 | 107.38 | 0.175 % | ||
| Current price: | 107.19 | |||
| Support | S1 | 107.16 | -0.0296 % | |
| S2 | 107.09 | -0.0927 % | ||
| S3 | 106.98 | -0.195 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 109.02 | 1.71 % | |
| R2 | 107.72 | 0.494 % | ||
| R1 | 107.57 | 0.355 % | ||
| Current price | 107.19 | |||
| Support | S1 | 106.04 | -1.07% | |
| S2 | 105.82 | -1.28% | ||
| S3 | 105.01 | -2.03% |
LQD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.415 | 0.389% |
| 2 | Nov 23, 2023 | Apr 01, 2024 | Apr 05, 2024 | $0.411 | 0.384% |
| 3 | Nov 23, 2023 | Mar 01, 2024 | Mar 07, 2024 | $0.393 | 0.361% |
| 4 | Nov 23, 2023 | Feb 01, 2024 | Feb 07, 2024 | $0.389 | 0.357% |
| 5 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.393 | 0.356% |
FAQ
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