SLQD iShares 0-5 Year Invmt Grade Corp Bd ETF Forecast, Technical & Fundamental Analysis
SLQD in upward trend: 10-day moving average crossed above 50-day moving average on August 29, 2023
The 10-day moving average for SLQD crossed bullishly above the 50-day moving average on August 29, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
SLQD moved above its 50-day moving average on September 22, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SLQD advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .
SLQD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SLQD as a result. In of 71 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SLQD turned negative on September 12, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SLQD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
Industry description
General Information
Category ShortTermBond
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| BDCX | 31.65 | 0.32 | +1.03% |
| ETRACS Qrtly Py 1.5X Lvgd Wls Fg BDC ETN | |||
| TBJL | 19.06 | 0.10 | +0.53% |
| Innovator 20+ Year Tsy Bd Bfr ETF July | |||
| FUND | 7.51 | 0.02 | +0.27% |
| Sprott Focus Trust | |||
| SEPZ | 32.04 | -0.08 | -0.25% |
| TrueShares Structured Outcome Sep ETF | |||
| INFL | 30.88 | -0.11 | -0.35% |
| Horizon Kinetics Inflation Bnfcrs ETF | |||
SLQD and
Correlation & Price change
A.I.dvisor indicates that over the last year, SLQD has been closely correlated with IGSB. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if SLQD jumps, then IGSB could also see price increases.
| Ticker / NAME | Correlation To SLQD | 1D Price Change % | ||
|---|---|---|---|---|
| SLQD | 100% | +0.19% | ||
| IGSB - SLQD | 97% Closely correlated | +0.20% | ||
| VCSH - SLQD | 97% Closely correlated | +0.20% | ||
| SPSB - SLQD | 96% Closely correlated | +0.10% | ||
| ISTB - SLQD | 93% Closely correlated | +0.19% | ||
| BSV - SLQD | 91% Closely correlated | +0.19% | ||
More | ||||