YieldShares High Income ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Wednesday for YieldShares High Income ETF after gaining 0.775%
(Updated on May 01, 2024)
The YieldShares High Income ETF price gained 0.775% on the last trading day (Wednesday, 1st May 2024), rising from $11.61 to $11.70. During the last trading day the ETF fluctuated 0.86% from a day low at $11.60 to a day high of $11.70. The price has risen in 6 of the last 10 days and is up by 1.12% 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, 184 thousand more shares were traded than the day before. In total, 492 thousand shares were bought and sold for approximately $5.76 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect YieldShares High Income ETF with a 90% probability to be traded between $11.34 and $11.86 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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YYY Signals & Forecast
There are mixed signals in the ETF today. The YieldShares High Income 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 $11.70 and $11.84. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.69%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for YieldShares High Income ETF
YieldShares High Income finds support from accumulated volume at $11.61 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 $0.1000 between high and low, or 0.86%. For the last week the ETF has had daily average volatility of 0.752%.
Our recommended stop-loss: $11.02 (-5.81%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (YYY) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect YieldShares High Income ETF to open at $11.67, and during the day (based on 14 day Average True Range), to move between $11.61 and $11.79, which gives a possible trading interval of +/-$0.0924 (+/-0.79%) up or down from last closing price. If YieldShares High Income ETF takes out the full calculated possible swing range there will be an estimated 1.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.71 (0.09%) than the support at $11.61 (0.77%), 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 YieldShares High Income ETF ETF A Buy?
YieldShares High Income 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: 0.286 Hold/Accumulate Unchanged
Predicted Opening Price for YieldShares High Income ETF of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $11.67 ( 0.285%) | $11.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YYY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.77 | 0.570 % | |
| R2 | 11.73 | 0.243 % | ||
| R1 | 11.70 | 0.0416 % | ||
| Current price: | 11.70 | |||
| Support | S1 | 11.63 | -0.611 % | |
| S2 | 11.60 | -0.81 % | ||
| S3 | 11.57 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.06 | 3.08 % | |
| R2 | 11.86 | 1.37 % | ||
| R1 | 11.71 | 0.0855 % | ||
| Current price | 11.70 | |||
| Support | S1 | 11.61 | -0.769% | |
| S2 | 11.52 | -1.54% | ||
| S3 | 11.51 | -1.67% |
YYY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 09, 2024 | Apr 26, 2024 | Apr 30, 2024 | $0.120 | 1.03% |
| 2 | Jan 09, 2024 | Mar 26, 2024 | Mar 28, 2024 | $0.120 | 1.00% |
| 3 | Jan 09, 2024 | Feb 27, 2024 | Feb 29, 2024 | $0.120 | 1.01% |
| 4 | Jan 09, 2024 | Jan 29, 2024 | Jan 31, 2024 | $0.120 | 1.02% |
| 5 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.120 | 1.03% |
FAQ
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