Technical Analysis for ERNS - iShares £ Ultrashort Bond UCITS ETF

Grade Last Price % Change Price Change
A 101.71 2.84% 2.81
ERNS closed up 2.84 percent on Wednesday, March 6, 2024, on approximately normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
New 52 Week Closing High Bullish 0.00%
New Uptrend Bullish 0.00%
Narrow Range Bar Range Contraction 0.00%
Doji - Bearish? Reversal 0.00%
New 52 Week High Strength 0.00%
Stochastic Reached Overbought Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Gilligan's Island Sell Setup Bearish Swing Setup 2.84%

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iShares £ Ultrashort Bond UCITS ETF Description

The fund is an exchange traded fund (ETF) that aims to track the performance of the Markit iBoxx GBP Liquid Investment Grade Ultrashort Index as closely as possible. The ETF invests in physical index securities. The Markit iBoxx GBP Liquid Investment Grade Ultrashort Index offers exposure to short maturity corporate bonds (bonds issued by companies) and quasi sovereign bonds (bonds issued by entities with explicit or implicit government backing) that are Sterling denominated and meet a minimum credit-rating of investment grade, as determined by independent credit rating agencies. The index covers fixed rate bonds (bond securities that have a fixed rate of interest) maturing between 0 and 1 year and floating rate securities (bond securities with a variable rate of interest) with a time to maturity between 0 and 3 years.


Classification

Keywords: Exchange Traded Funds Exchange Traded Fund ETF Corporate Bond Government Bond Iboxx Bond Market Indices Bp Bond Market Index Fixed Rate Bond Credit Default Swap Index

Is ERNS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 101.87
52 Week Low 94.4578
Average Volume 15,860
200-Day Moving Average 96.13
50-Day Moving Average 96.54
20-Day Moving Average 96.93
10-Day Moving Average 97.37
Average True Range 0.57
RSI (14) 96.04
ADX 26.77
+DI 64.41
-DI 5.35
Chandelier Exit (Long, 3 ATRs) 100.16
Chandelier Exit (Short, 3 ATRs) 97.53
Upper Bollinger Bands 99.36
Lower Bollinger Band 94.50
Percent B (%b) 1.48
BandWidth 5.01
MACD Line 0.62
MACD Signal Line 0.21
MACD Histogram 0.4059
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 102.03
Resistance 3 (R3) 102.04 101.96 101.97
Resistance 2 (R2) 101.96 101.88 101.95 101.95
Resistance 1 (R1) 101.83 101.83 101.90 101.82 101.94
Pivot Point 101.75 101.75 101.78 101.74 101.75
Support 1 (S1) 101.62 101.67 101.69 101.61 101.48
Support 2 (S2) 101.54 101.62 101.53 101.47
Support 3 (S3) 101.41 101.54 101.45
Support 4 (S4) 101.40