Invesco Exchange-traded Self-indexed ETF Forecast
Red day on Monday for Invesco Exchange-traded Self-indexed
(Updated on Jun 17, 2024)
The Invesco Exchange-traded Self-indexed ETF price fell by -0.0786% on the last day (Monday, 17th Jun 2024) from $25.43 to $25.41. During the last trading day the ETF fluctuated 0.254% from a day low at $25.41 to a day high of $25.47. The price has been going up and down for this period, and there has been a 1.93% gain for the last 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 -445 shares and in total, 6 thousand shares were bought and sold for approximately $163.06 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 $25.43 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Invesco Exchange-traded Self-indexed ETF with a 90% probability to be traded between $24.42 and $25.10 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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BSMW Signals & Forecast
The Invesco Exchange-traded Self-indexed 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 $25.29 and $25.20. 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 Thursday, June 13, 2024, and so far it has fallen -0.118%. 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. The ETF had a Golden Star Signal on Tuesday, July 11, 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 Tuesday, July 11, 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.
Support, Risk & Stop-loss for Invesco Exchange-traded Self-indexed ETF
Invesco Exchange-traded Self-indexed finds support from accumulated volume at $25.40 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 $0.0645 between high and low, or 0.254%. For the last week the ETF has had daily average volatility of 0.359%
Our recommended stop-loss: $24.49 (-3.62%) (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 (BSMW) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Invesco Exchange-traded Self-indexed Fund Trust - Bulletshares 2032 Municipal Bond Etf to open at $25.43, and during the day (based on 14 day Average True Range), to move between $25.30 and $25.52, which gives a possible trading interval of +/-$0.107 (+/-0.42%) up or down from last closing price. If Invesco Exchange-traded Self-indexed Fund Trust - Bulletshares 2032 Municipal Bond Etf takes out the full calculated possible swing range there will be an estimated 0.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.40 (0.04%) than the resistance at $25.43 (0.08%), 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 Exchange-traded Self-indexed Fund Trust - Bulletshares 2032 Municipal Bond Etf ETF A Buy?
Invesco Exchange-traded Self-indexed 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: 0.613 Hold/Accumulate Unchanged
Predicted Opening Price for Invesco Exchange-traded Self-indexed Fund Trust - Bulletshares 2032 Municipal Bond Etf of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$25.43 ( 0.0846%) | $25.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSMW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.50 | 0.338% |
R2 | 25.47 | 0.241% |
R1 | 25.46 | 0.182% |
Price | 25.41 | |
S1 | 25.41 | -0.0124% |
S2 | 25.39 | -0.0723% |
S3 | 25.37 | -0.169% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.53 | 0.472% |
R2 | 25.48 | 0.275% |
R1 | 25.43 | 0.0787% |
Price | 25.41 | |
S1 | 25.40 | -0.0394% |
S2 | 25.28 | -0.512% |
S3 | 25.15 | -1.02% |
BSMW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 20, 2024 | May 20, 2024 | May 24, 2024 | $0.0743 | 0.297% |
2 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.0718 | 0.287% |
3 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0692 | 0.270% |
4 | Feb 20, 2024 | Feb 20, 2024 | Feb 20, 2024 | $0.0680 | 0.265% |
5 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.0776 | 0.303% |
FAQ
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