Invesco BulletShares 2027 Corporate Bond ETF Forecast
Red day on Friday for Invesco BulletShares 2027 Corporate Bond ETF after losing 0.0777%
(Updated on Jun 14, 2024)
The Invesco BulletShares 2027 Corporate Bond ETF price fell by -0.0777% on the last day (Friday, 14th Jun 2024) from $19.31 to $19.30. During the last trading day the ETF fluctuated 0.156% from a day low at $19.28 to a day high of $19.31. The price has risen in 6 of the last 10 days and is up by 0.55% over the past 2 weeks. Volume has increased on the last day by 156 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, 367 thousand shares were bought and sold for approximately $7.08 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 $19.31 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Invesco BulletShares 2027 Corporate Bond ETF with a 90% probability to be traded between $19.04 and $19.31 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
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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $19.26 and $19.20. 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 Thursday, June 13, 2024, and so far it has fallen -0.0777%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 11, 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 Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 11, 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 Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 11, 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 sell signal from a double top formation was found on Thursday, June 13, 2024 and based on theory for this formation the price should fall by -1.80% to $18.95 within 20 trading days since signal was issued (Monday, June 17, 2024).
Support, Risk & Stop-loss for Invesco BulletShares 2027 Corporate Bond ETF
Invesco BulletShares 2027 Corporate Bond finds support from accumulated volume at $19.25 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 0.171%.
Our recommended stop-loss: $18.79 (-2.63%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (BSCR) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Invesco BulletShares 2027 Corporate Bond ETF to open at $19.30, and during the day (based on 14 day Average True Range), to move between $19.25 and $19.34, which gives a possible trading interval of +/-$0.0425 (+/-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 $19.30 (0.03%) than the support at $19.25 (0.23%), 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?
Invesco BulletShares 2027 Corporate Bond 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: 0.725 Hold/Accumulate Unchanged
Predicted Opening Price for Invesco BulletShares 2027 Corporate Bond ETF of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $19.30 ( 0%) | $19.30 |
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 | 19.33 | 0.155% |
| R2 | 19.31 | 0.0961% |
| R1 | 19.31 | 0.0594% |
| Price | 19.30 | |
| S1 | 19.28 | -0.0594% |
| S2 | 19.28 | -0.0961% |
| S3 | 19.27 | -0.155% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 19.31 | 0.0777% |
| R1 | 19.30 | 0.0259% |
| Price | 19.30 | |
| S1 | 19.25 | -0.233% |
| S2 | 19.23 | -0.337% |
| S3 | 19.11 | -0.96% |
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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