Invesco Euro Government Bond 3-5 Year ETF Forecast

Invesco Euro Government Bond 3-5 Year ETF downgraded to Sell Candidate
(Updated on Jun 28, 2024)

EIB5.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.0056%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invesco Euro Government Bond 3-5 Year 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 35.86€ and 35.94€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Invesco Euro Government Bond 3-5 Year gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Tuesday, August 22, 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.

Buy

Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Tuesday, August 22, 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Thursday, June 13, 2024 and based on theory for this formation the price should go up by 0.86% to 36.12€ within 3 trading days since signal was issued (Tuesday, June 18, 2024).

Support, Risk & Stop-loss for Invesco Euro Government Bond 3-5 Year ETF

Invesco Euro Government Bond 3-5 Year finds support from accumulated volume at 35.81€ 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 0.0690€ between high and low, or 0.193%. For the last week the ETF has had daily average volatility of 0.150%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EIB5.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Invesco Euro Government Bond 3-5 Year Ucits Etf to open at 35.83€, and during the day (based on 14 day Average True Range), to move between 35.73€ and 35.89€, which gives a possible trading interval of +/-0.0798€ (+/-0.22%) up or down from last closing price. If Invesco Euro Government Bond 3-5 Year Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 35.81€ (0.01%) than the resistance at 35.89€ (0.22%), 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 Euro Government Bond 3-5 Year Ucits Etf ETF A Buy?

Invesco Euro Government Bond 3-5 Year holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.116 Sell Candidate Downgraded

Predicted Opening Price for Invesco Euro Government Bond 3-5 Year Ucits Etf of Monday, July 1, 2024

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