Invesco Exchange-Traded Fund Trust II - ETF Forecast
Stronger technical forecast for Invesco Exchange-Traded Fund Trust II - ETF price after Thursday trading.
(Updated on May 02, 2024)
The Invesco Exchange-Traded Fund Trust II - ETF price gained 0.190% on the last trading day (Thursday, 2nd May 2024), rising from $21.08 to $21.12. During the last trading day the ETF fluctuated 0.285% from a day low at $21.07 to a day high of $21.13. The price has been going up and down for this period, and there has been a 0.05% gain for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 15 million shares were bought and sold for approximately $320.42 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Exchange-Traded Fund Trust II - ETF with a 90% probability to be traded between $20.98 and $21.20 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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BKLN Signals & Forecast
The Invesco Exchange-Traded Fund Trust II - 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 $21.07 and $21.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.571%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Wednesday, March 27, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 30, 2024.
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 Wednesday, March 27, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 30, 2024.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 Wednesday, March 27, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 30, 2024.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 buy signal from a double bottom formation was found on Monday, April 22, 2024 and based on theory for this formation the price should go up by 1.05% to $21.34 within 43 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for Invesco Exchange-Traded Fund Trust II - ETF
Invesco Exchange-Traded Fund Trust II - finds support from accumulated volume at $21.11 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 0.285%. For the last week the ETF has had daily average volatility of 0.250%.
Our recommended stop-loss: $19.60 (-7.20%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (BKLN) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Invesco Exchange-Traded Fund Trust II - Invesco Senior Loan ETF to open at $21.11, and during the day (based on 14 day Average True Range), to move between $21.06 and $21.18, which gives a possible trading interval of +/-$0.0564 (+/-0.27%) up or down from last closing price. If Invesco Exchange-Traded Fund Trust II - Invesco Senior Loan ETF takes out the full calculated possible swing range there will be an estimated 0.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.13 (0.05%) than the support at $21.11 (0.05%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Invesco Exchange-Traded Fund Trust II - Invesco Senior Loan ETF ETF A Buy?
Invesco Exchange-Traded Fund Trust II - 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.907 Hold/Accumulate Upgraded
Predicted Opening Price for Invesco Exchange-Traded Fund Trust II - Invesco Senior Loan ETF of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $21.11 ( 0.0631%) | $21.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BKLN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.17 | 0.221 % | |
| R2 | 21.14 | 0.112 % | ||
| R1 | 21.13 | 0.0454 % | ||
| Current price: | 21.12 | |||
| Support | S1 | 21.08 | -0.172 % | |
| S2 | 21.07 | -0.239 % | ||
| S3 | 21.05 | -0.347 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.16 | 0.189 % | |
| R2 | 21.14 | 0.0947 % | ||
| R1 | 21.13 | 0.0473 % | ||
| Current price | 21.12 | |||
| Support | S1 | 21.11 | -0.0473% | |
| S2 | 21.08 | -0.189% | ||
| S3 | 21.07 | -0.237% |
BKLN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 05, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.147 | 0.700% |
| 2 | Jan 05, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.146 | 0.696% |
| 3 | Jan 05, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.138 | 0.653% |
| 4 | Jan 05, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.137 | 0.653% |
| 5 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.147 | 0.698% |
FAQ
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