Invesco Bulletshares (r) 2024 Municipal ETF Forecast
Invesco Bulletshares (r) 2024 Municipal ETF price ended at $24.78 on Tuesday, after losing 0.121%.
(Updated on Jul 02, 2024)
The Invesco Bulletshares (r) 2024 Municipal ETF price fell by -0.121% on the last day (Tuesday, 2nd Jul 2024) from $24.81 to $24.78. During the last trading day the ETF fluctuated 0.242% from a day low at $24.77 to a day high of $24.83. The price has fallen in 5 of the last 10 days and is down by -0.12% for this period. Volume has increased on the last day by 11 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, 43 thousand shares were bought and sold for approximately $1.07 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 (r) 2024 Municipal ETF with a 90% probability to be traded between $24.75 and $24.88 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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BSMO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.0404%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invesco Bulletshares (r) 2024 Municipal ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $24.79 and $24.81. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Invesco Bulletshares (r) 2024 Municipal gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The ETF had a Golden Star Signal on Tuesday, April 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 16, 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 Tuesday, April 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 16, 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 Tuesday, April 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 16, 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 buy signal from a double bottom formation was found on Tuesday, June 25, 2024 with a target of $24.77. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for Invesco Bulletshares (r) 2024 Municipal ETF
Invesco Bulletshares (r) 2024 Municipal finds support from accumulated volume at $24.77 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 $0.0599 between high and low, or 0.242%. For the last week the ETF has had daily average volatility of 0.242%.
Our recommended stop-loss: $23.23 (-6.27%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BSMO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Invesco Bulletshares (r) 2024 Municipal Bond Etf to open at $24.79, and during the day (based on 14 day Average True Range), to move between $24.72 and $24.84, which gives a possible trading interval of +/-$0.0588 (+/-0.24%) up or down from last closing price. If Invesco Bulletshares (r) 2024 Municipal Bond Etf takes out the full calculated possible swing range there will be an estimated 0.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.77 (0.04%) than the resistance at $24.82 (0.14%), 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 (r) 2024 Municipal Bond Etf ETF A Buy?
Invesco Bulletshares (r) 2024 Municipal 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.
Current score: -0.876 Hold/Accumulate Unchanged
Predicted Opening Price for Invesco Bulletshares (r) 2024 Municipal Bond Etf of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $24.79 ( 0.0537%) | $24.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSMO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.85 | 0.295% |
| R2 | 24.83 | 0.203% |
| R1 | 24.82 | 0.146% |
| Price | 24.78 | |
| S1 | 24.77 | -0.0387% |
| S2 | 24.76 | -0.0957% |
| S3 | 24.73 | -0.188% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.84 | 0.242% |
| R2 | 24.83 | 0.202% |
| R1 | 24.82 | 0.141% |
| Price | 24.78 | |
| S1 | 24.77 | -0.0404% |
| S2 | 24.76 | -0.0807% |
| S3 | 24.74 | -0.182% |
BSMO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 24, 2024 | $0.0563 | 0.227% |
| 2 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.0551 | 0.222% |
| 3 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0537 | 0.217% |
| 4 | Feb 20, 2024 | Feb 20, 2024 | Feb 20, 2024 | $0.0500 | 0.202% |
| 5 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.0481 | 0.194% |
FAQ
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