Invesco Markets Ii Plc - Invesco Uk Gilt ETF Forecast
Invesco Markets Ii Plc - Invesco Uk Gilt ETF downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Invesco Markets Ii Plc - Invesco Uk Gilt ETF price fell by -0.272% on the last day (Tuesday, 25th Jun 2024) from £3,672.00 to £3,662.00. During the last trading day the ETF fluctuated 0.181% from a day low at £3,662.00 to a day high of £3,668.64. The price has been going up and down for this period, and there has been a -0.65% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately £12.12 million.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £3,655.01 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Invesco Markets Ii Plc - Invesco Uk Gilt ETF with a 90% probability to be traded between £3,657.45 and £3,693.74 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GLT5.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.198%. 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 Markets Ii Plc - Invesco Uk Gilt 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 £3,663.82 and £3,675.32. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Wednesday, May 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, September 20, 2023.
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.
Golden Star
The ETF had a Golden Star Signal on Wednesday, May 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, September 20, 2023.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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, May 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, September 20, 2023.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.
A sell signal from a double top formation was found on Wednesday, June 12, 2024 and based on theory for this formation the price should fall by -0.280% to £3,651.66 within 17 trading days since signal was issued (Friday, July 05, 2024).
Support, Risk & Stop-loss for Invesco Markets Ii Plc - Invesco Uk Gilt ETF
Invesco Markets Ii Plc - Invesco Uk Gilt finds support from accumulated volume at £3,656.25 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 £6.64 between high and low, or 0.181%. For the last week the ETF has had daily average volatility of 0.245%.
Our recommended stop-loss: £3,335.74 (-8.91%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (GLT5.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Invesco Markets Ii Plc - Invesco Uk Gilt 1-5 Year Ucits Etf to open at £3,664.21, and during the day (based on 14 day Average True Range), to move between £3,648.01 and £3,675.99, which gives a possible trading interval of +/-£13.99 (+/-0.38%) up or down from last closing price. If Invesco Markets Ii Plc - Invesco Uk Gilt 1-5 Year Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £3,656.25 (0.16%) than the resistance at £3,677.25 (0.42%), 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 Markets Ii Plc - Invesco Uk Gilt 1-5 Year Ucits Etf ETF A Buy?
Invesco Markets Ii Plc - Invesco Uk Gilt 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.651 Hold/Accumulate Downgraded
Predicted Opening Price for Invesco Markets Ii Plc - Invesco Uk Gilt 1-5 Year Ucits Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £3,664.21 ( 0.0605%) | £3,662.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLT5.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,670.86 | 0.242% |
| R2 | 3,668.32 | 0.173% |
| R1 | 3,666.75 | 0.130% |
| Price | 3,662.00 | |
| S1 | 3,661.68 | -0.0088% |
| S2 | 3,660.11 | -0.0516% |
| S3 | 3,657.57 | -0.121% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,686.00 | 0.655% |
| R2 | 3,679.00 | 0.464% |
| R1 | 3,677.25 | 0.416% |
| Price | 3,662.00 | |
| S1 | 3,656.25 | -0.157% |
| S2 | 3,655.00 | -0.191% |
| S3 | 3,654.75 | -0.198% |
GLT5 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 21, 2024 | £41.38 | 1.12% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | £0.405 | 0.0110% |
| 3 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | £0.382 | 0.0105% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £0.338 | 0.0094% |
| 5 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | £0.282 | 0.0075% |
FAQ
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