Bondbloxx Bloomberg Six Month Target ETF Forecast
Green day on Tuesday for Bondbloxx Bloomberg Six Month Target
(Updated on Jun 25, 2024)
The Bondbloxx Bloomberg Six Month Target ETF price gained 0.0199% on the last trading day (Tuesday, 25th Jun 2024), rising from $50.23 to $50.24. During the last trading day the ETF fluctuated 0.0199% from a day low at $50.23 to a day high of $50.24. The price has risen in 8 of the last 10 days and is up by 0.24% over the past 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 85 thousand shares were bought and sold for approximately $4.28 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 $50.28 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Bondbloxx Bloomberg Six Month Target ETF with a 90% probability to be traded between $50.06 and $50.27 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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XHLF Signals & Forecast
The Bondbloxx Bloomberg Six Month Target 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 $50.21 and $50.18. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 0.319%. 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 Wednesday, June 12, 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.
Golden Star
The ETF had a Golden Star Signal on Wednesday, June 12, 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 Bondbloxx Bloomberg Six Month Target ETF
Bondbloxx Bloomberg Six Month Target finds support from accumulated volume at $50.12 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 $0.0100 between high and low, or 0.0199%. For the last week the ETF has had daily average volatility of 0.0239%.
Our recommended stop-loss: $46.74 (-6.97%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (XHLF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Bondbloxx Bloomberg Six Month Target Duration Us Treasury Etf to open at $50.24, and during the day (based on 14 day Average True Range), to move between $50.21 and $50.27, which gives a possible trading interval of +/-$0.0263 (+/-0.05%) up or down from last closing price. If Bondbloxx Bloomberg Six Month Target Duration Us Treasury Etf takes out the full calculated possible swing range there will be an estimated 0.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.24 (0.00%) than the support at $50.12 (0.24%), 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 Bondbloxx Bloomberg Six Month Target Duration Us Treasury Etf ETF A Buy?
Bondbloxx Bloomberg Six Month Target 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: 0.534 Hold/Accumulate Unchanged
Predicted Opening Price for Bondbloxx Bloomberg Six Month Target Duration Us Treasury Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $50.24 ( 0.0066%) | $50.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XHLF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.25 | 0.0133% |
| R2 | 50.24 | 0.0057% |
| R1 | 50.24 | 0.0010% |
| Price | 50.24 | |
| S1 | 50.23 | -0.0142% |
| S2 | 50.23 | -0.0189% |
| S3 | 50.23 | -0.0265% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.29 | 0.0896% |
| R2 | 50.25 | 0.0199% |
| R1 | 50.24 | 0.0002% |
| Price | 50.24 | |
| S1 | 50.12 | -0.239% |
| S2 | 50.09 | -0.299% |
| S3 | 50.08 | -0.318% |
XHLF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.209 | 0.417% |
| 2 | Feb 23, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.218 | 0.435% |
| 3 | Feb 23, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.202 | 0.403% |
| 4 | Jan 31, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.229 | 0.456% |
| 5 | Dec 27, 2023 | Dec 28, 2023 | Jan 04, 2024 | $0.231 | 0.460% |
FAQ
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