Ishares Bbb Rated Corporate Bond Etf ETF Forecast

Ishares Bbb Rated Corporate Bond Etf ETF price ended at $85.30 on Friday, after gaining 0.207%.
(Updated on Jun 21, 2024)

LQDB Signals & Forecast

The Ishares Bbb Rated Corporate Bond Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $85.44. On a fall, the ETF will find some support from the long-term average at approximately $85.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, June 13, 2024, and so far it has fallen -0.391%. 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.

Support, Risk & Stop-loss for Ishares Bbb Rated Corporate Bond Etf ETF

Ishares Bbb Rated Corporate Bond Etf finds support from accumulated volume at $84.77 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 0.0397%

Our recommended stop-loss: $82.47 (-3.31%) (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 (LQDB) For The Upcoming Trading Day Of Monday 24th

Since the stock is closer to the resistance from accumulated volume at $85.51 (0.25%) than the support at $84.77 (0.62%), 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 Bbb Rated Corporate Bond Etf ETF A Buy?

Ishares Bbb Rated Corporate Bond Etf 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Ishares Bbb Rated Corporate Bond Etf of Monday, June 24, 2024

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