Invesco Electric Vehicle Metals ETF Forecast

Stronger technical forecast for Invesco Electric Vehicle Metals ETF price after Friday trading.
(Updated on Jun 21, 2024)

EVMT Signals & Forecast

There are few to no technical positive signals at the moment. The Invesco Electric Vehicle Metals 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 $16.88 and $17.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -13.40%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Invesco Electric Vehicle Metals ETF

Invesco Electric Vehicle Metals finds support from accumulated volume at $16.59 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, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.108%.

Invesco Electric Vehicle Metals is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $15.79 (-5.28%) (This ETF has medium daily movements and this gives medium risk. Low RSI14 is 13 which reduces the risk some. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (EVMT) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Invesco Electric Vehicle Metals Commodity Strategy No K-1 Etf to open at $16.67, and during the day (based on 14 day Average True Range), to move between $16.47 and $16.87, which gives a possible trading interval of +/-$0.199 (+/-1.19%) up or down from last closing price. If Invesco Electric Vehicle Metals Commodity Strategy No K-1 Etf takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.59 (0.48%) than the resistance at $17.79 (6.72%), 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 Electric Vehicle Metals Commodity Strategy No K-1 Etf ETF A Buy?

Invesco Electric Vehicle Metals holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.684 Hold/Accumulate Upgraded

Predicted Opening Price for Invesco Electric Vehicle Metals Commodity Strategy No K-1 Etf of Monday, June 24, 2024

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