Invesco Bulletshares 2030 Municipal Bond 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 2030 Municipal Bond ETF downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Invesco Bulletshares 2030 Municipal Bond ETF price fell by -0.0914% on the last day (Tuesday, 25th Jun 2024) from $21.88 to $21.86. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.137% from a day low at $21.86 to a day high of $21.89. The price has been going up and down for this period, and there has been a 0.43% gain for the last 2 weeks. Volume has increased on the last day by 8 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, 17 thousand shares were bought and sold for approximately $369.72 thousand.
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 2030 Municipal Bond ETF with a 90% probability to be traded between $21.32 and $21.80 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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BSMU Signals & Forecast
The Invesco Bulletshares 2030 Municipal Bond ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $21.92. On a fall, the ETF will find some support from the long-term average at approximately $21.83. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 -0.548%. Further fall is indicated until a new bottom pivot has been found. Invesco Bulletshares 2030 Municipal Bond 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 2030 Municipal Bond ETF
Invesco Bulletshares 2030 Municipal Bond finds support from accumulated volume at $21.85 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 $0.0300 between high and low, or 0.137%. For the last week the ETF has had daily average volatility of 0.230%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BSMU) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Invesco Bulletshares 2030 Municipal Bond Etf to open at $21.87, and during the day (based on 14 day Average True Range), to move between $21.79 and $21.93, which gives a possible trading interval of +/-$0.0694 (+/-0.32%) up or down from last closing price. If Invesco Bulletshares 2030 Municipal Bond Etf takes out the full calculated possible swing range there will be an estimated 0.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.85 (0.05%) than the resistance at $21.96 (0.46%), 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 2030 Municipal Bond Etf ETF A Buy?
Invesco Bulletshares 2030 Municipal Bond 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.609 Sell Candidate Downgraded
Predicted Opening Price for Invesco Bulletshares 2030 Municipal Bond Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $21.87 ( 0.0457%) | $21.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSMU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.90 | 0.183% |
| R2 | 21.89 | 0.131% |
| R1 | 21.88 | 0.0982% |
| Price | 21.86 | |
| S1 | 21.86 | -0.0067% |
| S2 | 21.85 | -0.0391% |
| S3 | 21.84 | -0.0915% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.99 | 0.595% |
| R2 | 21.97 | 0.503% |
| R1 | 21.96 | 0.457% |
| Price | 21.86 | |
| S1 | 21.85 | -0.0457% |
| S2 | 21.82 | -0.183% |
| S3 | 21.80 | -0.274% |
BSMU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 24, 2024 | $0.0546 | 0.253% |
| 2 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.0536 | 0.246% |
| 3 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0526 | 0.237% |
| 4 | Feb 20, 2024 | Feb 20, 2024 | Feb 20, 2024 | $0.0500 | 0.225% |
| 5 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.0503 | 0.227% |
FAQ
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