Invesco Bulletshares 2030 High Yield ETF Forecast

Green day on Monday for Invesco Bulletshares 2030 High Yield
(Updated on Jun 17, 2024)

BSJU Signals & Forecast

The Invesco Bulletshares 2030 High Yield 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 $25.56 and $25.13. A breakdown below any of these levels will issue sell signals. Invesco Bulletshares 2030 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 -0.329%. 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).

Support, Risk & Stop-loss for Invesco Bulletshares 2030 High Yield ETF

Invesco Bulletshares 2030 High Yield finds support from accumulated volume at $25.57 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 $0.120 between high and low, or 0.471%. For the last week the ETF has had daily average volatility of 0.325%.

Our recommended stop-loss: $24.57 (-3.89%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (BSJU) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Invesco Bulletshares 2030 High Yield Corporate Bond Etf to open at $25.55, and during the day (based on 14 day Average True Range), to move between $25.46 and $25.68, which gives a possible trading interval of +/-$0.110 (+/-0.43%) up or down from last closing price. If Invesco Bulletshares 2030 High Yield Corporate Bond Etf takes out the full calculated possible swing range there will be an estimated 0.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.57 (0.02%) than the resistance at $25.60 (0.12%), 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 2030 High Yield Corporate Bond Etf ETF A Buy?

Invesco Bulletshares 2030 High Yield 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Invesco Bulletshares 2030 High Yield Corporate Bond Etf of Tuesday, June 18, 2024

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