Invesco Global Buyback Achievers ucits ETF Forecast
Red day on Tuesday for Invesco Global Buyback Achievers ucits ETF after losing 0.626%
(Updated on Jun 25, 2024)
The Invesco Global Buyback Achievers ucits ETF price fell by -0.626% on the last day (Tuesday, 25th Jun 2024) from 47.96€ to 47.66€. During the last trading day the ETF fluctuated 0.776% from a day low at 47.66€ to a day high of 48.03€. The price has been going up and down for this period, and there has been a 0.19% gain for the last 2 weeks. Volume has increased on the last day by 7 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately 335.05€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Invesco Global Buyback Achievers ucits ETF with a 90% probability to be traded between 46.19€ and 47.60€ 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BBCK.F Signals & Forecast
The Invesco Global Buyback Achievers ucits ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 47.41€ and 47.62€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.626%. Further fall is indicated until a new bottom pivot has been found. Invesco Global Buyback Achievers ucits gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The ETF had a Golden Star Signal on Thursday, June 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 28, 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.
Golden Star
The ETF had a Golden Star Signal on Thursday, June 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 28, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, June 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 28, 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.
A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -1.01% to 47.18€ within 31 trading days since signal was issued (Tuesday, August 06, 2024).
Support, Risk & Stop-loss for Invesco Global Buyback Achievers ucits ETF
Invesco Global Buyback Achievers ucits finds support from accumulated volume at 47.62€ 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 0.370€ between high and low, or 0.776%. For the last week the ETF has had daily average volatility of 0.454%.
Our recommended stop-loss: 46.20€ (-3.07%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (BBCK.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Invesco Global Buyback Achievers ucits Etf to open at 47.78€, and during the day (based on 14 day Average True Range), to move between 47.35€ and 47.97€, which gives a possible trading interval of +/-0.308€ (+/-0.65%) up or down from last closing price. If Invesco Global Buyback Achievers ucits Etf takes out the full calculated possible swing range there will be an estimated 1.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 47.62€ (0.09%) than the resistance at 47.74€ (0.17%), 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 Global Buyback Achievers ucits Etf ETF A Buy?
Invesco Global Buyback Achievers ucits holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.858 Hold/Accumulate Unchanged
Predicted Opening Price for Invesco Global Buyback Achievers ucits Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 47.78€ ( 0.259%) | 47.66€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBCK.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48.15 | 1.04% |
| R2 | 48.01 | 0.739% |
| R1 | 47.92 | 0.555% |
| Price | 47.66 | |
| S1 | 47.64 | -0.0378% |
| S2 | 47.55 | -0.221% |
| S3 | 47.41 | -0.518% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48.10 | 0.92% |
| R2 | 47.94 | 0.587% |
| R1 | 47.74 | 0.168% |
| Price | 47.66 | |
| S1 | 47.62 | -0.0944% |
| S2 | 47.57 | -0.189% |
| S3 | 47.13 | -1.12% |
BBCK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 21, 2024 | 0.146€ | 0% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 21, 2023 | 0.188€ | 0% |
| 3 | Sep 14, 2023 | Sep 14, 2023 | Sep 21, 2023 | 0.225€ | 0% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 22, 2023 | 0.273€ | 0% |
| 5 | Mar 16, 2023 | Mar 16, 2023 | Mar 23, 2023 | 0.0802€ | 0% |
FAQ
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