Invesco BulletShares 2027 Corporate Bond ETF Forecast
Invesco BulletShares 2027 Corporate Bond ETF upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Invesco BulletShares 2027 Corporate Bond ETF price gained 0.156% on the last trading day (Tuesday, 2nd Jul 2024), rising from $19.20 to $19.23. During the last trading day the ETF fluctuated 0.156% from a day low at $19.21 to a day high of $19.24. The price has fallen in 5 of the last 10 days and is down by -0.26% for this period. Volume fell on the last day by -24 thousand shares and in total, 458 thousand shares were bought and sold for approximately $8.81 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 BulletShares 2027 Corporate Bond ETF with a 90% probability to be traded between $19.27 and $19.49 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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BSCR Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.466%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Invesco BulletShares 2027 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 $19.22 and $19.23. A breakdown below any of these levels will issue sell signals. 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. The ETF had a Golden Star Signal on Thursday, May 02, 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.
Golden Star
The ETF had a Golden Star Signal on Thursday, May 02, 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.
A sell signal from a double top formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should fall by -1.32% to $18.98 within 23 trading days since signal was issued (Tuesday, July 23, 2024).
Support, Risk & Stop-loss for Invesco BulletShares 2027 Corporate Bond ETF
Invesco BulletShares 2027 Corporate Bond finds support from accumulated volume at $19.19 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 $0.0300 between high and low, or 0.156%. For the last week the ETF has had daily average volatility of 0.167%.
Our recommended stop-loss: $18.08 (-5.99%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (BSCR) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Invesco BulletShares 2027 Corporate Bond ETF to open at $19.23, and during the day (based on 14 day Average True Range), to move between $19.19 and $19.27, which gives a possible trading interval of +/-$0.0424 (+/-0.22%) up or down from last closing price. If Invesco BulletShares 2027 Corporate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.24 (0.05%) than the support at $19.19 (0.21%), 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 2027 Corporate Bond ETF ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 3.289 Buy Candidate Upgraded
Predicted Opening Price for Invesco BulletShares 2027 Corporate Bond ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $19.23 ( 0.0173%) | $19.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSCR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.26 | 0.139% |
| R2 | 19.25 | 0.0791% |
| R1 | 19.24 | 0.0423% |
| Price | 19.23 | |
| S1 | 19.22 | -0.0769% |
| S2 | 19.21 | -0.114% |
| S3 | 19.20 | -0.173% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.31 | 0.416% |
| R2 | 19.26 | 0.156% |
| R1 | 19.24 | 0.0520% |
| Price | 19.23 | |
| S1 | 19.19 | -0.208% |
| S2 | 19.11 | -0.624% |
| S3 | 19.09 | -0.728% |
BSCR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 24, 2024 | $0.0705 | 0.368% |
| 2 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.0692 | 0.363% |
| 3 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0667 | 0.346% |
| 4 | Feb 20, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.0642 | 0.334% |
| 5 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.0640 | 0.330% |
FAQ
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