- Bullish trend confirmed on both short and long timeframes
- Consistently positive technical signals over the last month
- +43.7% price growth over the last year
Invesco DWA SmallCap Momentum ETF downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session
(Updated on Jun 23, 2026)
The Invesco DWA SmallCap Momentum ETF price fell by -1.80% on the last day (Tuesday, 23rd Jun 2026) from $123.04 to $120.84. During the last trading day the ETF fluctuated 2.22% from a day low at $119.39 to a day high of $122.04. The price has risen in 7 of the last 10 days and is up by 7.38% over the past 2 weeks. Volume has increased on the last day by 11 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, 21 thousand shares were bought and sold for approximately $2.51 million.
The ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 18.61% during the next 3 months and, with a 90% probability hold a price between $132.93 and $146.31 at the end of this 3-month period.
DWAS Signals & Forecast
The Invesco DWA SmallCap Momentum ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. 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 $119.95 and $115.33. 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 Monday, June 22, 2026, and so far it has fallen -1.80%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Invesco DWA SmallCap Momentum ETF
Invesco DWA SmallCap Momentum finds support from accumulated volume at $118.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $2.66 between high and low, or 2.22%. For the last week, the ETF has had daily average volatility of 1.87%.
Our recommended stop-loss: $116.60 (-3.50%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (DWAS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Invesco DWA SmallCap Momentum ETF to open at $120.75, and during the day (based on 14 day Average True Range), to move between $119.46 and $122.21, which gives a possible trading interval of +/-$2.75 (+/-2.30%) up or down from last closing price. If Invesco DWA SmallCap Momentum ETF takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $120.95 (0.09%) than the support at $118.65 (1.81%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Invesco DWA SmallCap Momentum ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Invesco DWA SmallCap Momentum ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score:
3.138
Buy Candidate
Downgraded
Predicted Fair Opening Price
Predicted fair opening price on June 24, 2026 - $120.75 ( 0.0676%).
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DWAS Performance
Trading levels for DWAS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 123.41 | 2.13% |
| R2 | 122.39 | 1.29% |
| R1 | 121.77 | 0.772% |
| Price | 120.84 | |
| S1 | 119.74 | -0.91% |
| S2 | 119.11 | -1.43% |
| S3 | 118.10 | -2.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 123.04 | 1.83% |
| R1 | 120.95 | 0.0932% |
| Price | 120.84 | |
| S1 | 118.65 | -1.81% |
| S2 | 114.13 | -5.55% |
| S3 | 112.70 | -6.73% |
DWAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2025 | Sep 22, 2025 | Sep 26, 2025 | $0.0053 | 0.0057% |
| 2 | Jun 23, 2025 | Jun 23, 2025 | Jun 27, 2025 | $0.0100 | 0.0118% |
| 3 | Mar 24, 2025 | Mar 24, 2025 | Mar 28, 2025 | $0.0524 | 0.0675% |
| 4 | Dec 23, 2024 | Dec 23, 2024 | Dec 27, 2024 | $0.0731 | 0.0794% |
| 5 | Sep 23, 2024 | Sep 23, 2024 | Sep 27, 2024 | $0.515 | 0.557% |
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