Invesco Ftse Emerging Markets High ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Invesco Ftse Emerging Markets High ETF price after Wednesday trading.
(Updated on Jun 26, 2024)
The Invesco Ftse Emerging Markets High ETF price fell by -0.330% on the last day (Wednesday, 26th Jun 2024) from $23.49 to $23.41. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 1.95% from a day low at $23.30 to a day high of $23.75. The price has fallen in 6 of the last 10 days and is down by -0.99% for this period. Volume has increased on the last day by 241 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, 336 shares were bought and sold for approximately $7.87 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $23.22 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 2.36% during the next 3 months and, with a 90% probability hold a price between $23.77 and $25.69 at the end of this 3-month period.
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EMHD.L Signals & Forecast
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 $23.49 and $24.06. 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 Ftse Emerging Markets High 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.06%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Invesco Ftse Emerging Markets High ETF
Invesco Ftse Emerging Markets High finds support from accumulated volume at $23.40 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 $0.455 between high and low, or 1.95%. For the last week the ETF has had daily average volatility of 1.33%.
Our recommended stop-loss: $22.18 (-5.24%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (EMHD.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Invesco Ftse Emerging Markets High Dividend Low Volatility Ucits Etf to open at $23.49, and during the day (based on 14 day Average True Range), to move between $23.00 and $23.82, which gives a possible trading interval of +/-$0.409 (+/-1.75%) 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 3.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.42 (0.04%) than the support at $23.40 (0.04%), 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 of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.325 Buy Candidate Upgraded
Predicted Opening Price for Invesco Ftse Emerging Markets High Dividend Low Volatility Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $23.49 ( 0.320%) | $23.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMHD.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.94 | 2.26% |
| R2 | 23.77 | 1.52% |
| R1 | 23.66 | 1.06% |
| Price | 23.41 | |
| S1 | 23.31 | -0.422% |
| S2 | 23.20 | -0.88% |
| S3 | 23.03 | -1.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.73 | 1.37% |
| R2 | 23.65 | 1.00% |
| R1 | 23.42 | 0.0427% |
| Price | 23.41 | |
| S1 | 23.40 | -0.0427% |
| S2 | 23.39 | -0.0854% |
| S3 | 23.12 | -1.24% |
EMHD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 21, 2024 | $0.107 | 0.456% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.220 | 0.96% |
| 3 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | $0.674 | 3.00% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | $0.435 | 1.88% |
| 5 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | $0.0828 | 0.363% |
FAQ
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