Invesco BulletShares 2026 Corporate Bond ETF Forecast
Stronger technical forecast for Invesco BulletShares 2026 Corporate Bond ETF price after Thursday trading.
(Updated on May 02, 2024)
The Invesco BulletShares 2026 Corporate Bond ETF price gained 0.262% on the last trading day (Thursday, 2nd May 2024), rising from $19.11 to $19.16. During the last trading day the ETF fluctuated 0.209% from a day low at $19.12 to a day high of $19.16. The price has risen in 6 of the last 10 days and is up by 0.21% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 270 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $22.16 million.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $19.18 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Invesco BulletShares 2026 Corporate Bond ETF with a 90% probability to be traded between $18.91 and $19.04 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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BSCQ Signals & Forecast
Mostly positive signals in the chart today. The Invesco BulletShares 2026 Corporate Bond 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 $19.10 and $19.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.419%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Tuesday, April 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 01, 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 Tuesday, April 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 01, 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 Tuesday, April 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 01, 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 buy signal from a double bottom formation was found on Thursday, April 25, 2024 and based on theory for this formation the price should go up by 0.750% to $19.30 within 42 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for Invesco BulletShares 2026 Corporate Bond ETF
Invesco BulletShares 2026 Corporate Bond finds support from accumulated volume at $19.15 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 $0.0400 between high and low, or 0.209%. For the last week the ETF has had daily average volatility of 0.157%.
Our recommended stop-loss: $17.54 (-8.46%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (BSCQ) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Invesco BulletShares 2026 Corporate Bond ETF to open at $19.15, and during the day (based on 14 day Average True Range), to move between $19.12 and $19.20, which gives a possible trading interval of +/-$0.0354 (+/-0.18%) up or down from last closing price. If Invesco BulletShares 2026 Corporate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.15 (0.05%) than the resistance at $19.18 (0.10%), 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 BulletShares 2026 Corporate Bond ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Invesco BulletShares 2026 Corporate Bond ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.190 Buy Candidate Upgraded
Predicted Opening Price for Invesco BulletShares 2026 Corporate Bond ETF of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $19.15 ( 0.0696%) | $19.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSCQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.19 | 0.139 % | |
| R2 | 19.17 | 0.0594 % | ||
| R1 | 19.16 | 0.0102 % | ||
| Current price: | 19.16 | |||
| Support | S1 | 19.13 | -0.149 % | |
| S2 | 19.12 | -0.199 % | ||
| S3 | 19.11 | -0.278 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.26 | 0.522 % | |
| R2 | 19.21 | 0.261 % | ||
| R1 | 19.18 | 0.104 % | ||
| Current price | 19.16 | |||
| Support | S1 | 19.15 | -0.0522% | |
| S2 | 19.14 | -0.104% | ||
| S3 | 19.12 | -0.209% |
BSCQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.0624 | 0.327% |
| 2 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0590 | 0.307% |
| 3 | Feb 20, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.0593 | 0.309% |
| 4 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.0601 | 0.312% |
| 5 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.0632 | 0.328% |
FAQ
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