iShares 0-5 Year Investment Grade ETF Forecast

Hold candidate since Jan 16, 2025 Gain 0.06%

The iShares 0-5 Year Investment Grade ETF price gained 0.100% on the last trading day (Tuesday, 21st Jan 2025), rising from $49.82 to $49.87. During the last trading day the ETF fluctuated 0.0752% from a day low at $49.84 to a day high of $49.88. The price has risen in 5 of the last 10 days and is up by 0.28% over the past 2 weeks. Volume fell on the last day by -496 thousand shares and in total, 184 thousand shares were bought and sold for approximately $9.17 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 $49.92 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect iShares 0-5 Year Investment Grade ETF with a 90% probability to be traded between $49.27 and $49.69 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 ETF seldom manage to go directly from the bottom of a trend up to the top. ETF turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the ETF 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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SLQD Signals & Forecast

The iShares 0-5 Year Investment Grade ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $49.74 and $49.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 18, 2024, and so far it has risen 0.585%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. The ETF had a Golden Star Signal on Thursday, January 16, 2025 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 31, 2024.

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 0-5 Year Investment Grade ETF

iShares 0-5 Year Investment Grade finds support from accumulated volume at $49.82 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 ETF. During the last day, the ETF moved $0.0375 between high and low, or 0.0752%. For the last week the ETF has had daily average volatility of 0.120%.

Our recommended stop-loss: $46.41 (-6.95%) (This ETF has very low daily movements and this gives very low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (SLQD) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect iShares 0-5 Year Investment Grade Corporate Bond ETF to open at $49.86, and during the day (based on 14 day Average True Range), to move between $49.79 and $49.95, which gives a possible trading interval of +/-$0.0803 (+/-0.16%) up or down from last closing price. If iShares 0-5 Year Investment Grade Corporate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $49.90 (0.06%) than the support at $49.82 (0.10%), 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 0-5 Year Investment Grade Corporate Bond ETF ETF A Buy?

iShares 0-5 Year 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.

Current score: -0.307 Hold/Accumulate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on January 22, 2025 - $49.86 ( 0.0117%).