YieldShares High Income ETF Forecast
Green day on Thursday for YieldShares High Income
(Updated on Apr 18, 2024)
The YieldShares High Income ETF price gained 0.259% on the last trading day (Thursday, 18th Apr 2024), rising from $11.57 to $11.60. During the last trading day the ETF fluctuated 0.519% from a day low at $11.57 to a day high of $11.63. The price has fallen in 5 of the last 10 days and is down by -2.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 thousand more shares were traded than the day before. In total, 191 thousand shares were bought and sold for approximately $2.22 million.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $11.51 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect YieldShares High Income ETF with a 90% probability to be traded between $11.55 and $12.11 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
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.83%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $11.65 and $11.90. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for YieldShares High Income ETF
YieldShares High Income finds support from accumulated volume at $11.57 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 $0.0600 between high and low, or 0.519%. For the last week the ETF has had daily average volatility of 1.08%.
YieldShares High Income is oversold on RSI14 (18). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $10.86 (-6.34%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 18 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (YYY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect YieldShares High Income ETF to open at $11.60, and during the day (based on 14 day Average True Range), to move between $11.51 and $11.69, which gives a possible trading interval of +/-$0.0916 (+/-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 support from accumulated volume at $11.57 (0.26%) than the resistance at $11.71 (0.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is YieldShares High Income ETF ETF A Buy?
YieldShares High Income holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.371 Hold/Accumulate Unchanged
Predicted Opening Price for YieldShares High Income ETF of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $11.60 ( 0.00000000%) | $11.60 |
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 | 11.66 | 0.517 % | |
| R2 | 11.64 | 0.320 % | ||
| R1 | 11.62 | 0.198 % | ||
| Current price: | 11.60 | |||
| Support | S1 | 11.58 | -0.198 % | |
| S2 | 11.56 | -0.320 % | ||
| S3 | 11.54 | -0.517 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.86 | 2.24 % | |
| R2 | 11.76 | 1.38 % | ||
| R1 | 11.71 | 0.95 % | ||
| Current price | 11.60 | |||
| Support | S1 | 11.57 | -0.259% | |
| S2 | 11.52 | -0.690% | ||
| S3 | 11.51 | -0.82% |
YYY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 09, 2024 | Mar 26, 2024 | Mar 28, 2024 | $0.120 | 1.00% |
| 2 | Jan 09, 2024 | Feb 27, 2024 | Feb 29, 2024 | $0.120 | 1.01% |
| 3 | Jan 09, 2024 | Jan 29, 2024 | Jan 31, 2024 | $0.120 | 1.02% |
| 4 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.120 | 1.03% |
| 5 | Nov 28, 2023 | Nov 28, 2023 | Nov 28, 2023 | $0.120 | 1.07% |
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