Invesco BulletShares (R) 2027 Municipal ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Invesco BulletShares (R) 2027 Municipal ETF price down 0.0631% on Tuesday
(Updated on Apr 30, 2024)
The Invesco BulletShares (R) 2027 Municipal ETF price fell by -0.0631% on the last day (Tuesday, 30th Apr 2024) from $23.46 to $23.45. During the last trading day the ETF fluctuated 0.0969% from a day low at $23.44 to a day high of $23.46. The price has fallen in 6 of the last 10 days and is down by -0.21% for this period. Volume has increased on the last day by 3 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, 13 thousand shares were bought and sold for approximately $310.09 thousand.
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 $23.43 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Invesco BulletShares (R) 2027 Municipal ETF with a 90% probability to be traded between $23.10 and $23.27 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BSMR Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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) 2027 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 $23.47 and $23.59. A break-up above any of these levels will issue buy signals. Invesco BulletShares (R) 2027 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".
Support, Risk & Stop-loss for Invesco BulletShares (R) 2027 Municipal ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $0.0227 between high and low, or 0.0969%. For the last week the ETF has had daily average volatility of 0.124%.
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 Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Invesco BulletShares (R) 2027 Municipal Bond ETF to open at $23.45, and during the day (based on 14 day Average True Range), to move between $23.39 and $23.50, which gives a possible trading interval of +/-$0.0522 (+/-0.22%) 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 0.45% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $23.66, some $0.215 (0.92%) from the current price of $23.45, our system finds the risk reward not very attractive.
Is Invesco BulletShares (R) 2027 Municipal Bond ETF ETF A Buy?
Invesco BulletShares (R) 2027 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: -1.048 Sell Candidate Unchanged
Predicted Opening Price for Invesco BulletShares (R) 2027 Municipal Bond ETF of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $23.45 ( 0.0098%) | $23.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSMR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.47 | 0.107 % | |
| R2 | 23.46 | 0.0696 % | ||
| R1 | 23.46 | 0.0468 % | ||
| Current price: | 23.45 | |||
| Support | S1 | 23.44 | -0.0272 % | |
| S2 | 23.43 | -0.0500 % | ||
| S3 | 23.42 | -0.0870 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.72 | 1.17 % | |
| R2 | 23.71 | 1.13 % | ||
| R1 | 23.66 | 0.92 % | ||
| Current price | 23.45 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BSMR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.0556 | 0.237% |
| 2 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0545 | 0.230% |
| 3 | Feb 20, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.0524 | 0.221% |
| 4 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.0510 | 0.215% |
| 5 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.0565 | 0.237% |
FAQ
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