Invesco BulletShares 2025 High Yield ETF Forecast

Stronger technical forecast for Invesco BulletShares 2025 High Yield ETF price after Friday trading.
(Updated on Apr 26, 2024)

BSJP Signals & Forecast

There are mixed signals in the ETF today. The Invesco BulletShares 2025 High Yield ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $22.92. On a fall, the ETF will find some support from the short-term average at $22.90. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.131%. 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. The ETF had a Golden Star Signal on Thursday, February 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 02, 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.

Support, Risk & Stop-loss for Invesco BulletShares 2025 High Yield ETF

Invesco BulletShares 2025 High Yield finds support from accumulated volume at $22.87 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 $0.0337 between high and low, or 0.147%. For the last week the ETF has had daily average volatility of 0.227%.

Our recommended stop-loss: $21.29 (-7.02%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (BSJP) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Invesco BulletShares 2025 High Yield Corporate Bond ETF to open at $22.89, and during the day (based on 14 day Average True Range), to move between $22.84 and $22.96, which gives a possible trading interval of +/-$0.0596 (+/-0.26%) up or down from last closing price. If Invesco BulletShares 2025 High Yield Corporate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.91 (0.04%) than the support at $22.87 (0.13%), 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 2025 High Yield 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 2025 High Yield 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: 1.658 Buy Candidate Upgraded

Predicted Opening Price for Invesco BulletShares 2025 High Yield Corporate Bond ETF of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.