Invesco BulletShares 2024 Corporate Bond ETF Forecast

Hold candidate since Dec 17, 2024

No changes to the price of Invesco BulletShares 2024 Corporate Bond ETF on the last trading day (Tuesday, 21st Jan 2025). During the last trading day the ETF fluctuated 0% from a day low at $21.12 to a day high of $21.12. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

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 BulletShares 2024 Corporate Bond ETF with a 90% probability to be traded between $21.09 and $21.17 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 ETF seldom manage to go directly from the bottom of a trend up to the top. ETF turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Investment opportunities can be found at any hour. So, react immediately to market-moving news and capture more market opportunities when convenient for you. You can trade over 10,000 US Stocks and ETFs, US Equity Index options, US Treasuries – and more - around the clock. Interactive Brokers’ dual market centers ensure reliable and dependable overnight trading on your timetable. (Member SIPC)

BSCO Signals & Forecast

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. The Invesco BulletShares 2024 Corporate Bond ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. 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 $21.12 and $21.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, December 12, 2024, and so far it has fallen -0.142%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Wednesday, November 27, 2024 in the short-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 BulletShares 2024 Corporate Bond ETF

Invesco BulletShares 2024 Corporate Bond 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 therefore the general risk is considered very 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0%

Our recommended stop-loss: $20.27 (-4.01%) (This ETF has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 24 days ago.)

Trading Expectations (BSCO) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Invesco BulletShares 2024 Corporate Bond ETF to open at $21.12, and during the day (based on 14 day Average True Range), to move between $21.12 and $21.12, which gives a possible trading interval of +/-$0.0031 (+/-0.01%) up or down from last closing price. If Invesco BulletShares 2024 Corporate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.03% 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 BulletShares 2024 Corporate Bond ETF ETF A Buy?

Invesco BulletShares 2024 Corporate Bond 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

Predicted Fair Opening Price

Predicted fair opening price on January 22, 2025 - $21.12 ( 0%).