Ishares Fallen Angels High Yield Corp ETF Forecast
Red day on Friday for Ishares Fallen Angels High Yield Corp ETF after losing 0.0371%
(Updated on Jun 28, 2024)
The Ishares Fallen Angels High Yield Corp ETF price fell by -0.0371% on the last day (Friday, 28th Jun 2024) from 4.85€ to 4.85€. During the last trading day the ETF fluctuated 0.522% from a day low at 4.84€ to a day high of 4.87€. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 23 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 44 thousand shares were bought and sold for approximately 214.80€ thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 4.83€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ishares Fallen Angels High Yield Corp ETF with a 90% probability to be traded between 4.80€ and 4.93€ 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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QDVQ.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.209%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Fallen Angels High Yield Corp 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 4.86€ and 4.90€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Ishares Fallen Angels High Yield Corp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Ishares Fallen Angels High Yield Corp ETF
Ishares Fallen Angels High Yield Corp finds support from accumulated volume at 4.85€ 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 0.0253€ between high and low, or 0.522%. For the last week the ETF has had daily average volatility of 0.431%.
Ishares Fallen Angels High Yield Corp is oversold on RSI14 (22). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QDVQ.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Fallen Angels High Yield Corp Bond Ucits Etf to open at 4.85€, and during the day (based on 14 day Average True Range), to move between 4.83€ and 4.87€, which gives a possible trading interval of +/-0.0248€ (+/-0.51%) up or down from last closing price. If Ishares Fallen Angels High Yield Corp Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 4.85€ (0.00%) than the resistance at 4.91€ (1.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ishares Fallen Angels High Yield Corp Bond Ucits Etf ETF A Buy?
Ishares Fallen Angels High Yield Corp 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: -1.440 Sell Candidate Unchanged
Predicted Opening Price for Ishares Fallen Angels High Yield Corp Bond Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 4.85€ ( 0.0735%) | 4.85€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QDVQ.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.88 | 0.595% |
| R2 | 4.87 | 0.396% |
| R1 | 4.86 | 0.273% |
| Price | 4.85 | |
| S1 | 4.84 | -0.126% |
| S2 | 4.84 | -0.249% |
| S3 | 4.83 | -0.448% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.97 | 2.47% |
| R2 | 4.92 | 1.44% |
| R1 | 4.91 | 1.24% |
| Price | 4.85 | |
| S1 | 4.85 | -0.0021% |
| S2 | 4.85 | -0.0330% |
| S3 | 4.84 | -0.208% |
FAQ
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