Invesco Bulletshares 2029 High Yield ETF Forecast
Invesco Bulletshares 2029 High Yield ETF price ended at $21.15 on Monday, after gaining 0.230%.
(Updated on Jun 17, 2024)
The Invesco Bulletshares 2029 High Yield ETF price gained 0.230% on the last trading day (Monday, 17th Jun 2024), rising from $21.10 to $21.15. During the last trading day the ETF fluctuated 0.474% from a day low at $21.08 to a day high of $21.18. The price has been going up and down for this period, and there has been a 0.35% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 34 thousand shares were bought and sold for approximately $714.62 thousand.
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 $21.24 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Invesco Bulletshares 2029 High Yield ETF with a 90% probability to be traded between $20.77 and $21.27 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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BSJT Signals & Forecast
The Invesco Bulletshares 2029 High Yield ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $21.15. On a fall, the ETF will find some support from the long-term average at approximately $21.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Invesco Bulletshares 2029 High Yield has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, June 12, 2024, and so far it has fallen -0.427%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Thursday, June 06, 2024 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 Thursday, June 06, 2024 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.
Support, Risk & Stop-loss for Invesco Bulletshares 2029 High Yield ETF
Invesco Bulletshares 2029 High Yield finds support from accumulated volume at $21.08 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 $0.100 between high and low, or 0.474%. For the last week the ETF has had daily average volatility of 0.458%.
Our recommended stop-loss: $20.35 (-3.80%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (BSJT) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Invesco Bulletshares 2029 High Yield Corporate Bond Etf to open at $21.14, and during the day (based on 14 day Average True Range), to move between $21.02 and $21.28, which gives a possible trading interval of +/-$0.134 (+/-0.64%) up or down from last closing price. If Invesco Bulletshares 2029 High Yield Corporate Bond Etf takes out the full calculated possible swing range there will be an estimated 1.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.15 (0.00%) than the support at $21.08 (0.35%), 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 2029 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 2029 High Yield ETF to perform well in the short-term period.
Current score: 1.659 Buy Candidate Unchanged
Predicted Opening Price for Invesco Bulletshares 2029 High Yield Corporate Bond Etf of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$21.14 ( 0.0612%) | $21.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSJT
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 21.24 | 0.412% |
R2 | 21.20 | 0.231% |
R1 | 21.17 | 0.119% |
Price | 21.15 | |
S1 | 21.10 | -0.242% |
S2 | 21.07 | -0.353% |
S3 | 21.04 | -0.534% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 21.26 | 0.523% |
R2 | 21.20 | 0.239% |
R1 | 21.15 | 0.0028% |
Price | 21.15 | |
S1 | 21.08 | -0.350% |
S2 | 20.93 | -1.04% |
S3 | 20.84 | -1.44% |
BSJT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 20, 2024 | May 20, 2024 | May 24, 2024 | $0.122 | 0.582% |
2 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.109 | 0.523% |
3 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.115 | 0.541% |
4 | Feb 20, 2024 | Feb 20, 2024 | Feb 20, 2024 | $0.111 | 0.529% |
5 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.107 | 0.504% |
FAQ
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