iShares Aaa - A Rated Corporate Bond ETF Forecast

$47.54
+0.290 (+0.614%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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iShares Aaa - A Rated Corporate Bond ETF downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 0.61% PDF

The iShares Aaa - A Rated Corporate Bond ETF price gained 0.614% on the last trading day (Wednesday, 27th Mar 2024), rising from $47.25 to $47.54. During the last trading day the ETF fluctuated 0.486% from a day low at $47.31 to a day high of $47.54. The price has risen in 6 of the last 10 days and is up by 0.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 57 thousand more shares were traded than the day before. In total, 181 thousand shares were bought and sold for approximately $8.61 million.

The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $47.68 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect iShares Aaa - A Rated Corporate Bond ETF with a 90% probability to be traded between $45.78 and $46.97 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. 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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QLTA Signals & Forecast

The iShares Aaa - A Rated Corporate Bond 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 $47.29 and $47.21. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, March 08, 2024, and so far it has fallen -0.0631%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Thursday, March 21, 2024 in the short-term chart.

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.

Buy
Special Signal Notification

Golden Star

The ETF had a Golden Star Signal on Thursday, March 21, 2024 in the short-term chart.

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 Aaa - A Rated Corporate Bond ETF

iShares Aaa - A Rated Corporate Bond finds support from accumulated volume at $47.48 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 $0.230 between high and low, or 0.486%. For the last week the ETF has had daily average volatility of 0.311%.

Our recommended stop-loss: $45.64 (-3.99%) (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 (QLTA) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect iShares Aaa - A Rated Corporate Bond ETF to open at $47.46, and during the day (based on 14 day Average True Range), to move between $47.35 and $47.73, which gives a possible trading interval of +/-$0.190 (+/-0.40%) up or down from last closing price. If iShares Aaa - A Rated Corporate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $47.57 (0.06%) than the support at $47.48 (0.13%), 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 Aaa - A Rated Corporate Bond ETF ETF A Buy?

iShares Aaa - A Rated Corporate Bond 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.700 Hold/Accumulate Downgraded

Predicted Opening Price for iShares Aaa - A Rated Corporate Bond ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$47.46 ( 0.161%) $47.54

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

Trading levels for QLTA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 47.69 0.323 %
R2 47.61 0.138 %
R1 47.55 0.0235 %
Current price: 47.54
Support S1 47.38 -0.346 %
S2 47.32 -0.460 %
S3 47.23 -0.645 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 47.73 0.400 %
R2 47.70 0.337 %
R1 47.57 0.0631 %
Current price 47.54
Support S1 47.48 -0.126%
S2 47.29 -0.526%
S3 47.25 -0.610%

QLTA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 24, 2023 Feb 01, 2024 Feb 07, 2024 $0.154 0.324%
2 Dec 14, 2023 Dec 14, 2023 Dec 14, 2023 $0.155 0.322%
3 Dec 01, 2023 Dec 01, 2023 Dec 01, 2023 $0.148 0.316%
4 Nov 24, 2022 Nov 01, 2023 Nov 07, 2023 $0.148 0.328%
5 Nov 24, 2022 Oct 02, 2023 Oct 06, 2023 $0.141 0.318%

FAQ

What is the symbol for iShares Aaa - A Rated Corporate Bond ETF ETF and on which exchange is it traded?
The symbol for iShares Aaa - A Rated Corporate Bond ETF is QLTA and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell iShares Aaa - A Rated Corporate Bond ETF ETF?
iShares Aaa - A Rated Corporate Bond 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy iShares Aaa - A Rated Corporate Bond ETF ETF?
iShares Aaa - A Rated Corporate Bond ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy iShares Aaa - A Rated Corporate Bond ETF ETF.

What's the current price of iShares Aaa - A Rated Corporate Bond ETF ETF?
As of the end of day on the 2024-03-27, the price of an iShares Aaa - A Rated Corporate Bond ETF (QLTA) share was $47.54.

What is the 52-week high and low for iShares Aaa - A Rated Corporate Bond ETF ETF?
The 52-week high for iShares Aaa - A Rated Corporate Bond ETF ETF is $48.38 and the 52-week low is $43.80.

What is the market capitalization of iShares Aaa - A Rated Corporate Bond ETF ETF?
As of the 2024-03-27, the market capitalization of iShares Aaa - A Rated Corporate Bond ETF is 1.072B.
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About iShares Aaa - A Rated Corporate Bond ETF

The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The underlying index is a subset of the Bloomberg Barclays U.S. Corporate Index, which measures the performance of the Aaa - A rated range of the fixed-rate, U.S. dollar-denominated taxable, corporate bond market.... QLTA Profile

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