Invesco Ftse Rafi Europe Ucits Etf ETF Forecast

Red day on Friday for Invesco Ftse Rafi Europe Ucits Etf ETF after losing 0.0852%
(Updated on Jun 28, 2024)

6PSC.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.83%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invesco Ftse Rafi Europe Ucits Etf 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 11.81€ and 12.13€. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Tuesday, October 10, 2023 in the long-term chart.

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.

Support, Risk & Stop-loss for Invesco Ftse Rafi Europe Ucits Etf ETF

Invesco Ftse Rafi Europe Ucits Etf finds support from accumulated volume at 11.72€ 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved 0.0680€ between high and low, or 0.580%. For the last week the ETF has had daily average volatility of 0.86%.

Our recommended stop-loss: 11.00€ (-6.21%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (6PSC.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Invesco Ftse Rafi Europe Ucits Etf to open at 11.75€, and during the day (based on 14 day Average True Range), to move between 11.62€ and 11.84€, which gives a possible trading interval of +/-0.111€ (+/-0.94%) up or down from last closing price. If Invesco Ftse Rafi Europe Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 11.72€ (0.10%) than the resistance at 11.76€ (0.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Invesco Ftse Rafi Europe Ucits Etf ETF A Buy?

Invesco Ftse Rafi Europe Ucits Etf 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: 0.401 Hold/Accumulate Unchanged

Predicted Opening Price for Invesco Ftse Rafi Europe Ucits Etf of Monday, July 1, 2024

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