Invesco Ftse Emerging Markets High ETF Forecast

Red day on Tuesday for Invesco Ftse Emerging Markets High ETF after losing 0.726%
(Updated on Jun 25, 2024)

EHDL.F Signals & Forecast

There are mixed signals in the ETF today. The Invesco Ftse Emerging Markets High ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 21.93€ and 22.27€. A break-up above any of these levels will issue buy signals. 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 very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.41%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Wednesday, December 20, 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 Ftse Emerging Markets High ETF

Invesco Ftse Emerging Markets High finds support from accumulated volume at 21.82€ 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 0.135€ between high and low, or 0.617%. For the last week the ETF has had daily average volatility of 0.542%

Our recommended stop-loss: 20.60€ (-5.90%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)

Trading Expectations (EHDL.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Invesco Ftse Emerging Markets High Dividend Low Volatility Ucits Etf to open at 21.94€, and during the day (based on 14 day Average True Range), to move between 21.69€ and 22.09€, which gives a possible trading interval of +/-0.201€ (+/-0.92%) up or down from last closing price. If Invesco Ftse Emerging Markets High Dividend Low Volatility Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 21.90€ (0.05%) than the support at 21.82€ (0.34%), 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 Ftse Emerging Markets High Dividend Low Volatility Ucits Etf ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Invesco Ftse Emerging Markets High ETF to perform well in the short-term period.

Current score: 1.528 Buy Candidate Unchanged

Predicted Opening Price for Invesco Ftse Emerging Markets High Dividend Low Volatility Ucits Etf of Wednesday, June 26, 2024

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