Invesco Bulletshares 2029 Municipal Bond ETF Forecast
Invesco Bulletshares 2029 Municipal Bond ETF price ended at $23.05 on Monday, after losing 0.236%.
(Updated on Jun 17, 2024)
The Invesco Bulletshares 2029 Municipal Bond ETF price fell by -0.236% on the last day (Monday, 17th Jun 2024) from $23.10 to $23.05. During the last trading day the ETF fluctuated 0.0981% from a day low at $23.04 to a day high of $23.06. The price has risen in 8 of the last 10 days and is up by 1.17% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -14 thousand shares and in total, 9 thousand shares were bought and sold for approximately $202.48 thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $23.09 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Invesco Bulletshares 2029 Municipal Bond ETF with a 90% probability to be traded between $22.34 and $22.77 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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BSMT Signals & Forecast
The Invesco Bulletshares 2029 Municipal Bond 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 $22.99 and $22.96. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.236%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Invesco Bulletshares 2029 Municipal Bond ETF
Invesco Bulletshares 2029 Municipal Bond finds support from accumulated volume at $23.03 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0226 between high and low, or 0.0981%. For the last week the ETF has had daily average volatility of 0.228%
Our recommended stop-loss: $22.19 (-3.69%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (BSMT) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Invesco Bulletshares 2029 Municipal Bond Etf to open at $23.05, and during the day (based on 14 day Average True Range), to move between $22.98 and $23.12, which gives a possible trading interval of +/-$0.0699 (+/-0.30%) up or down from last closing price. If Invesco Bulletshares 2029 Municipal Bond Etf takes out the full calculated possible swing range there will be an estimated 0.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.03 (0.07%) than the resistance at $23.07 (0.11%), 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 2029 Municipal Bond Etf ETF A Buy?
Invesco Bulletshares 2029 Municipal Bond 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: -0.555 Hold/Accumulate Unchanged
Predicted Opening Price for Invesco Bulletshares 2029 Municipal Bond Etf of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $23.05 ( 0.0095%) | $23.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSMT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.07 | 0.108% |
| R2 | 23.06 | 0.0702% |
| R1 | 23.06 | 0.0470% |
| Price | 23.05 | |
| S1 | 23.04 | -0.0279% |
| S2 | 23.03 | -0.0511% |
| S3 | 23.03 | -0.0885% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.12 | 0.324% |
| R2 | 23.10 | 0.237% |
| R1 | 23.07 | 0.107% |
| Price | 23.05 | |
| S1 | 23.03 | -0.0668% |
| S2 | 22.98 | -0.284% |
| S3 | 22.94 | -0.457% |
BSMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 24, 2024 | $0.0551 | 0.242% |
| 2 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.0533 | 0.232% |
| 3 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0512 | 0.220% |
| 4 | Feb 20, 2024 | Feb 20, 2024 | Feb 20, 2024 | $0.0480 | 0.206% |
| 5 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.0522 | 0.225% |
FAQ
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