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Weaker Hold
Today DWAS ranks #6749 as hold candidate. Get a Free Stock at Robinhood
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Invesco DWA SmallCap Momentum ETF Forecast NASDAQ:DWAS

$91.18 (-3.79%)

Volume: 121k

Closed: Nov 26, 2021

Hollow Logo Score: -0.507

Invesco DWA SmallCap Momentum ETF Forecast

$91.18 (-3.79%)

Volume: 121k

Closed: Nov 26, 2021

Score Hollow Logo -0.507
Which way will DWAS go? Request

DWAS ETF Risk

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $2.23 (2.49%) between high and low. For the last week, the ETF has had a daily average volatility of 1.90%.

Our recommended stop-loss: $86.83 (-4.77%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 22 which reduces the risk some. There is a sell signal from a pivot top found 13 days ago.)

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Invesco DWA SmallCap Momentum ETF currently holds an RSI14 at 22 and is oversold on RSI14. The ETF being oversold is no guarantee for instant reaction up as some ETFS may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Weaker technical forecast for Invesco DWA SmallCap Momentum as ETF downgraded to Hold/Accumulate.
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-11-24 Loss -3.79%

The Invesco DWA SmallCap Momentum ETF price fell by -3.79% on the last day (Friday, 26th Nov 2021) from $94.77 to $91.18. During the day the ETF fluctuated 2.49% from a day low at $89.40 to a day high of $91.63. The price has fallen in 6 of the last 10 days and is down by -7.05% for this period. Volume has increased on the last day by 105 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, 121 thousand shares were bought and sold for approximately $11.08 million.

Given the current short-term trend, the ETF is expected to rise 13.46% during the next 3 months and, with a 90% probability hold a price between $103.45 and $116.10 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Invesco DWA SmallCap Momentum ETF holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $94.55 and $94.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -8.66%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss

Invesco DWA SmallCap Momentum finds support from accumulated volume at $90.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $2.23 (2.49%) between high and low. For the last week, the ETF has had a daily average volatility of 1.90%.

Invesco DWA SmallCap Momentum is oversold on RSI14 (22). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $86.83 (-4.77%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 22 which reduces the risk some. There is a sell signal from a pivot top found 13 days ago.)

Is Invesco DWA SmallCap Momentum ETF ETF A Buy?

Invesco DWA SmallCap Momentum holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.507

Predicted Opening Price for Invesco DWA SmallCap Momentum ETF of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$90.74 $91.18 (Overvalued)
Hold/Accumulate Downgraded

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Volatility and Risk
Daily Average Volatility: 1.90 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.90 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $94.12
Price: $91.18
Support: $90.64

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 92.97 1.96 %
92.11 1.02 %
91.59 0.45 %
Current price: 91.18
Support 89.88 -1.42 %
89.36 -2.00 %
88.51 -2.93 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 99.12 8.71 %
96.17 5.47 %
94.12 3.22 %
Current price 91.18
Support 90.64 -0.59%
89.69 -1.63%
87.84 -3.66%

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