ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF Forecast

$46.79
+0.240 (+0.516%)
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.
AI Analysis of HYDB
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF price up 0.516% on Wednesday
(Updated on Mar 27, 2024)

Buy candidate since Mar 20, 2024 Gain 0.28% PDF

The ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF price gained 0.516% on the last trading day (Wednesday, 27th Mar 2024), rising from $46.55 to $46.79. During the last trading day the ETF fluctuated 0.354% from a day low at $46.63 to a day high of $46.80. The price has risen in 5 of the last 10 days and is up by 0.91% 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, 47 thousand more shares were traded than the day before. In total, 110 thousand shares were bought and sold for approximately $5.17 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 $46.86 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF with a 90% probability to be traded between $46.34 and $47.12 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

HYDB Signals & Forecast

Mostly positive signals in the chart today. The ISHARES EDGE HIGH YIELD DEFENSIVE 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 $46.65 and $46.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 1.81%. 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. The ETF had a Golden Star Signal on Tuesday, March 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, May 31, 2023.

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 Tuesday, March 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, May 31, 2023.

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 12 Months

The ETF had a Golden Star Signal on Tuesday, March 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, May 31, 2023.

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

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, February 13, 2024 and based on theory for this formation the price should go up by 0.570% to $47.06 within 26 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF

ISHARES EDGE HIGH YIELD DEFENSIVE BOND finds support from accumulated volume at $46.64 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 $0.165 between high and low, or 0.354%. For the last week the ETF has had daily average volatility of 0.242%.

Our recommended stop-loss: $44.30 (-5.32%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (HYDB) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF to open at $46.74, and during the day (based on 14 day Average True Range), to move between $46.60 and $46.98, which gives a possible trading interval of +/-$0.185 (+/-0.40%) up or down from last closing price. If ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF takes out the full calculated possible swing range there will be an estimated 0.79% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $46.64, some $0.150 (0.32%) from the current price of $46.79, our system finds the risk reward attractive.

Is ISHARES EDGE HIGH YIELD DEFENSIVE BOND 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 ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF to perform well in the short-term period.

Current score: 3.716 Buy Candidate Unchanged

Predicted Opening Price for ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$46.74 ( 0.110%) $46.79

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

Trading levels for HYDB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 46.90 0.242 %
R2 46.84 0.107 %
R1 46.80 0.0243 %
Current price: 46.79
Support S1 46.68 -0.245 %
S2 46.64 -0.328 %
S3 46.57 -0.463 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 46.79
Support S1 46.64 -0.321%
S2 46.22 -1.22%
S3 46.05 -1.58%

HYDB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 01, 2024 Mar 07, 2024 $0.273 0.590%
2 Feb 01, 2024 Feb 01, 2024 Feb 07, 2024 $0.208 0.449%
3 Dec 14, 2023 Dec 14, 2023 Dec 14, 2023 $0.284 0.616%
4 Dec 01, 2023 Dec 01, 2023 Dec 01, 2023 $0.288 0.632%
5 Nov 01, 2023 Nov 01, 2023 Nov 01, 2023 $0.226 0.517%

FAQ

What is the symbol for ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF ETF and on which exchange is it traded?
The symbol for ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF is HYDB and it is traded on the OTCMKTS (OTC Markets Group).

Should I buy or sell ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF ETF?
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 ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF to perform well in the short-term period.

How to buy ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF ETF?
ISHARES EDGE HIGH YIELD DEFENSIVE 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 EDGE HIGH YIELD DEFENSIVE BOND ETF ETF.

What's the current price of ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF ETF?
As of the end of day on the 2024-03-27, the price of an ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF (HYDB) share was $46.79.

What is the 52-week high and low for ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF ETF?
The 52-week high for ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF ETF is $46.95 and the 52-week low is $42.91.

What is the market capitalization of ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF ETF?
As of the 2024-03-27, the market capitalization of ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF is 603.679M.
Click to get the best stock tips daily for free!

About ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF

The fund will invest at least 80% of its assets in the component securities of the underlying index and may invest up to 20% of its assets in certain index futures, options, options on index futures, swap contracts or other derivatives. The index consists of U.S. dollar-denominated, high yield corporate bonds. Component securities include publicly-issued debt of U.S. corporate issuers and U.S. dollar-denominated, publicly issued debt of non-U.S. ... HYDB Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT