Invesco Bulletshares (r) 2024 Municipal ETF Forecast
Red day on Tuesday for Invesco Bulletshares (r) 2024 Municipal ETF after losing 0.0500%
(Updated on Jun 25, 2024)
The Invesco Bulletshares (r) 2024 Municipal ETF price fell by -0.0500% on the last day (Tuesday, 25th Jun 2024) from $24.78 to $24.77. During the last trading day the ETF fluctuated 0.405% from a day low at $24.72 to a day high of $24.82. The price has been going up and down for this period, and there has been a -0.04% loss for the last 2 weeks. Volume has increased on the last day by 46 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, 64 thousand shares were bought and sold for approximately $1.60 million.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $24.74 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Invesco Bulletshares (r) 2024 Municipal ETF with a 90% probability to be traded between $24.77 and $24.91 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BSMO 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 (r) 2024 Municipal 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 $24.82 and $24.81. 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 -0.295%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Friday, November 03, 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, November 03, 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 -0.410% to $24.67 within 27 trading days since signal was issued (Wednesday, July 31, 2024).
Support, Risk & Stop-loss for Invesco Bulletshares (r) 2024 Municipal ETF
Invesco Bulletshares (r) 2024 Municipal finds support from accumulated volume at $24.76 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 0.405%. For the last week the ETF has had daily average volatility of 0.258%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BSMO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Invesco Bulletshares (r) 2024 Municipal Bond Etf to open at $24.77, and during the day (based on 14 day Average True Range), to move between $24.71 and $24.83, which gives a possible trading interval of +/-$0.0586 (+/-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 $24.76 (0.04%) than the resistance at $24.78 (0.04%), 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 is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.558 Sell Candidate Unchanged
Predicted Opening Price for Invesco Bulletshares (r) 2024 Municipal Bond Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $24.77 ( 0%) | $24.77 |
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 | 24.87 | 0.404% |
| R2 | 24.83 | 0.249% |
| R1 | 24.81 | 0.154% |
| Price | 24.77 | |
| S1 | 24.73 | -0.154% |
| S2 | 24.71 | -0.249% |
| S3 | 24.67 | -0.404% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.84 | 0.283% |
| R2 | 24.83 | 0.242% |
| R1 | 24.78 | 0.0404% |
| Price | 24.77 | |
| S1 | 24.76 | -0.0404% |
| S2 | 24.75 | -0.0807% |
| S3 | 24.74 | -0.141% |
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
Click here for our free guide on how to buy Invesco Bulletshares (r) 2024 Municipal Bond Etf ETF.
