Invesco BulletShares (R) 2027 Municipal ETF Forecast

Invesco BulletShares (R) 2027 Municipal ETF price ended at $23.54 on Wednesday, after gaining 0.190%.
(Updated on Apr 17, 2024)

BSMR Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 0.299%. Further rise is indicated until a new top pivot has been found. Invesco BulletShares (R) 2027 Municipal 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. The Invesco BulletShares (R) 2027 Municipal ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $23.66. On a fall, the ETF will find some support from the short-term average at $23.51. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Invesco BulletShares (R) 2027 Municipal ETF

Invesco BulletShares (R) 2027 Municipal finds support from accumulated volume at $23.53 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 $0.0550 between high and low, or 0.234%. For the last week the ETF has had daily average volatility of 0.252%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BSMR) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Invesco BulletShares (R) 2027 Municipal Bond ETF to open at $23.53, and during the day (based on 14 day Average True Range), to move between $23.47 and $23.61, which gives a possible trading interval of +/-$0.0653 (+/-0.28%) up or down from last closing price. If Invesco BulletShares (R) 2027 Municipal Bond ETF takes out the full calculated possible swing range there will be an estimated 0.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.53 (0.05%) than the resistance at $23.71 (0.72%), 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) 2027 Municipal Bond ETF ETF A Buy?

Invesco BulletShares (R) 2027 Municipal holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.296 Sell Candidate Unchanged

Predicted Opening Price for Invesco BulletShares (R) 2027 Municipal Bond ETF of Thursday, April 18, 2024

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