Invesco Us High Yield Fallen Angels ETF Forecast

Invesco Us High Yield Fallen Angels ETF price up 0.176% on Friday
(Updated on Jun 28, 2024)

FAEU.F Signals & Forecast

There are mixed signals in the ETF today. The Invesco Us High Yield Fallen Angels 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 25.08€. On a fall, the ETF will find some support from the short-term average at 25.05€. 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. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -0.393%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Thursday, May 02, 2024 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 Thursday, May 02, 2024 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 Wednesday, May 29, 2024 and based on theory for this formation the price should go up by 0.90% to 25.30€ within 30 trading days since signal was issued (Wednesday, July 10, 2024).

Support, Risk & Stop-loss for Invesco Us High Yield Fallen Angels ETF

Invesco Us High Yield Fallen Angels finds support from accumulated volume at 25.05€ 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 0.0100€ between high and low, or 0.0399%. For the last week the ETF has had daily average volatility of 0.200%

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

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

For the upcoming trading day on Monday, 1st we expect Invesco Us High Yield Fallen Angels Ucits Etf (eur Hdg) to open at 25.08€, and during the day (based on 14 day Average True Range), to move between 24.97€ and 25.18€, which gives a possible trading interval of +/-0.104€ (+/-0.41%) up or down from last closing price. If Invesco Us High Yield Fallen Angels Ucits Etf (eur Hdg) takes out the full calculated possible swing range there will be an estimated 0.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 25.08€ (0.02%) than the support at 25.05€ (0.08%), 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 Us High Yield Fallen Angels Ucits Etf (eur Hdg) ETF A Buy?

Invesco Us High Yield Fallen Angels holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.027 Sell Candidate Unchanged

Predicted Opening Price for Invesco Us High Yield Fallen Angels Ucits Etf (eur Hdg) of Monday, July 1, 2024

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