Invesco Us High Yield Fallen Angels 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
Evaluation of Invesco Us High Yield Fallen Angels ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Invesco Us High Yield Fallen Angels ETF price fell by -1.03% on the last day (Friday, 28th Jun 2024) from 19.61€ to 19.41€. During the last trading day the ETF fluctuated 1.50% from a day low at 19.41€ to a day high of 19.70€. The price has been going up and down for this period, and there has been a -0.99% loss for the last 2 weeks. Volume has increased on the last day by 1 thousand 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, 3 thousand shares were bought and sold for approximately 60.80€ thousand.
The ETF has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately 19.50€ is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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FAHY.F Signals & Forecast
There are few to no technical positive signals at the moment. The Invesco Us High Yield Fallen Angels 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 19.59€ and 19.69€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -2.49%. 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). Invesco Us High Yield Fallen Angels 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.
Support, Risk & Stop-loss for Invesco Us High Yield Fallen Angels ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 0.291€ between high and low, or 1.50%. For the last week the ETF has had daily average volatility of 0.763%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FAHY.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 to open at 19.50€, and during the day (based on 14 day Average True Range), to move between 19.27€ and 19.54€, which gives a possible trading interval of +/-0.136€ (+/-0.70%) up or down from last closing price. If Invesco Us High Yield Fallen Angels Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.40% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 19.78€, some 0.371€ (1.91%) from the current price of 19.41€, our system finds the risk reward not very attractive.
Is Invesco Us High Yield Fallen Angels Ucits Etf ETF A Buy?
Invesco Us High Yield Fallen Angels 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 Sell to a Strong Sell candidate.
Current score: -5.141 Strong Sell Candidate Downgraded
Predicted Opening Price for Invesco Us High Yield Fallen Angels Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
19.50€ ( 0.500%) | 19.41€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FAHY.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.79 | 2.00% |
R2 | 19.68 | 1.43% |
R1 | 19.61 | 1.07% |
Price | 19.41 | |
S1 | 19.39 | -0.0730% |
S2 | 19.32 | -0.427% |
S3 | 19.21 | -1.00% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.88 | 2.45% |
R2 | 19.80 | 2.03% |
R1 | 19.78 | 1.91% |
Price | 19.41 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAHY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Mar 21, 2024 | 0.355€ | 0% |
2 | Dec 14, 2023 | Dec 14, 2023 | Dec 21, 2023 | 0.354€ | 0% |
3 | Sep 14, 2023 | Sep 14, 2023 | Sep 21, 2023 | 0.356€ | 0% |
4 | Jun 15, 2023 | Jun 15, 2023 | Jun 22, 2023 | 0.321€ | 0% |
5 | Mar 16, 2023 | Mar 16, 2023 | Mar 23, 2023 | 0.320€ | 0% |
FAQ
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