Invesco Bulletshares 2027 High Yield ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Invesco Bulletshares 2027 High Yield ETF upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Invesco Bulletshares 2027 High Yield ETF price fell by -0.0226% on the last day (Tuesday, 25th Jun 2024) from $22.11 to $22.10. During the last trading day the ETF fluctuated 0.167% from a day low at $22.08 to a day high of $22.12. The price has been going up and down for this period, and there has been a -0.2% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -39 thousand shares and in total, 60 thousand shares were bought and sold for approximately $1.33 million.
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 High Yield ETF with a 90% probability to be traded between $22.00 and $22.37 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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BSJR 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 2027 High Yield ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $22.17 and $22.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -0.652%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The ETF had a Golden Star Signal on Friday, September 08, 2023 in the long-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 12 Months
The ETF had a Golden Star Signal on Friday, September 08, 2023 in the long-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 Friday, June 21, 2024 and based on theory for this formation the price should fall by -1.09% to $21.86 within 25 trading days since signal was issued (Monday, July 29, 2024).
Support, Risk & Stop-loss for Invesco Bulletshares 2027 High Yield ETF
Invesco Bulletshares 2027 High Yield finds support from accumulated volume at $22.06 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 $0.0369 between high and low, or 0.167%. For the last week the ETF has had daily average volatility of 0.236%
Our recommended stop-loss: $21.19 (-4.11%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (BSJR) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Invesco Bulletshares 2027 High Yield Corporate Bond Etf to open at $22.10, and during the day (based on 14 day Average True Range), to move between $22.02 and $22.18, which gives a possible trading interval of +/-$0.0766 (+/-0.35%) up or down from last closing price. If Invesco Bulletshares 2027 High Yield Corporate Bond Etf takes out the full calculated possible swing range there will be an estimated 0.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.06 (0.18%) than the resistance at $22.17 (0.29%), 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 2027 High Yield Corporate Bond Etf ETF A Buy?
Invesco Bulletshares 2027 High Yield 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.958 Hold/Accumulate Upgraded
Predicted Opening Price for Invesco Bulletshares 2027 High Yield Corporate Bond Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $22.10 ( 0.0047%) | $22.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSJR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.14 | 0.162% |
| R2 | 22.12 | 0.0985% |
| R1 | 22.11 | 0.0591% |
| Price | 22.10 | |
| S1 | 22.08 | -0.0685% |
| S2 | 22.08 | -0.108% |
| S3 | 22.06 | -0.172% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.22 | 0.543% |
| R2 | 22.18 | 0.362% |
| R1 | 22.17 | 0.294% |
| Price | 22.10 | |
| S1 | 22.06 | -0.181% |
| S2 | 21.97 | -0.605% |
| S3 | 21.92 | -0.81% |
BSJR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 24, 2024 | $0.129 | 0.585% |
| 2 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.125 | 0.568% |
| 3 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.123 | 0.553% |
| 4 | Feb 20, 2024 | Feb 20, 2024 | Feb 20, 2024 | $0.123 | 0.555% |
| 5 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.118 | 0.527% |
FAQ
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