iShares Intr Rate Hedged Corporate Bond ETF Forecast

Stronger technical forecast for iShares Intr Rate Hedged Corporate Bond ETF price after Friday trading.
(Updated on May 03, 2024)

LQDH Signals & Forecast

The iShares Intr Rate Hedged Corporate Bond 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 $93.87. On a fall, the ETF will find some support from the long-term average at approximately $93.71. 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 Wednesday, May 01, 2024, and so far it has fallen -0.404%. 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 also not. The ETF had a Golden Star Signal on Monday, April 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, November 13, 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 iShares Intr Rate Hedged Corporate Bond ETF

iShares Intr Rate Hedged Corporate Bond finds support from accumulated volume at $93.65 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 $0.120 between high and low, or 0.128%. For the last week the ETF has had daily average volatility of 0.183%

Our recommended stop-loss: $90.55 (-3.39%) (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 (LQDH) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect iShares Interest Rate Hedged Corporate Bond ETF to open at $93.68, and during the day (based on 14 day Average True Range), to move between $93.47 and $93.97, which gives a possible trading interval of +/-$0.252 (+/-0.27%) up or down from last closing price. If iShares Interest Rate Hedged Corporate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $93.74 (0.02%) than the support at $93.65 (0.07%), 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 Interest Rate Hedged Corporate Bond ETF ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iShares Intr Rate Hedged Corporate Bond ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.

Current score: 1.306 Buy Candidate Upgraded

Predicted Opening Price for iShares Interest Rate Hedged Corporate Bond ETF of Monday, May 6, 2024

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