Bondbloxx Bloomberg Six Month Target ETF Forecast

Bondbloxx Bloomberg Six Month Target ETF price ended at $50.28 on Friday, after gaining 0.0398%.
(Updated on Jun 28, 2024)

XHLF Signals & Forecast

Mostly positive signals in the chart today. 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 $50.24 and $50.19. 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 0.399%. 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.

Support, Risk & Stop-loss for Bondbloxx Bloomberg Six Month Target ETF

Bondbloxx Bloomberg Six Month Target finds support from accumulated volume at $50.24 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 $0.0200 between high and low, or 0.0398%. For the last week the ETF has had daily average volatility of 0.0318%.

The Bondbloxx Bloomberg Six Month Target ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: $47.25 (-6.02%) (This ETF has low daily movements and this gives low risk. The RSI14 is 97 and this increases the risk substantially. There is a buy signal from a pivot bottom found 25 days ago.)

Trading Expectations (XHLF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Bondbloxx Bloomberg Six Month Target Duration Us Treasury Etf to open at $50.28, and during the day (based on 14 day Average True Range), to move between $50.25 and $50.31, which gives a possible trading interval of +/-$0.0261 (+/-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 $50.29 (0.01%) than the support at $50.24 (0.08%), 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?

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 Bondbloxx Bloomberg Six Month Target ETF to perform well in the short-term period.

Current score: 2.875 Buy Candidate Unchanged

Predicted Opening Price for Bondbloxx Bloomberg Six Month Target Duration Us Treasury Etf of Monday, July 1, 2024

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