Invesco Ftse Emerging Markets High ETF Forecast

Invesco Ftse Emerging Markets High ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)

EHDL.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.74%. 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). Invesco Ftse Emerging Markets High has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invesco Ftse Emerging Markets High ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 22.22€. On a fall, the ETF will find some support from the short-term average at 21.96€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.105€ between high and low, or 0.479%. For the last week the ETF has had daily average volatility of 0.95%.

Our recommended stop-loss: 20.69€ (-5.80%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)

Trading Expectations (EHDL.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Invesco Ftse Emerging Markets High Dividend Low Volatility Ucits Etf to open at 21.96€, and during the day (based on 14 day Average True Range), to move between 21.74€ and 22.18€, which gives a possible trading interval of +/-0.221€ (+/-1.01%) 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 2.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 21.82€ (0.66%) than the resistance at 22.12€ (0.73%), 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 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.366 Buy Candidate Upgraded

Predicted Opening Price for Invesco Ftse Emerging Markets High Dividend Low Volatility Ucits Etf of Monday, July 1, 2024

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