Invesco Uk Gilts Ucits Etf ETF Forecast
Invesco Uk Gilts Ucits Etf ETF price ended at £2,993.50 on Monday, after losing 0.565%.
(Updated on Jun 17, 2024)
The Invesco Uk Gilts Ucits Etf ETF price fell by -0.565% on the last day (Monday, 17th Jun 2024) from £3,010.50 to £2,993.50. During the last trading day the ETF fluctuated 0.585% from a day low at £2,993.50 to a day high of £3,011.00. The price has risen in 7 of the last 10 days and is up by 0.57% over the past 2 weeks. Volume has increased on the last day by 3 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, 5 thousand shares were bought and sold for approximately £14.06 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Invesco Uk Gilts Ucits Etf ETF with a 90% probability to be traded between £2,909.16 and £2,996.85 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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GLTP.L Signals & Forecast
The Invesco Uk Gilts Ucits Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately £2,999.50. On a fall, the ETF will find some support from the long-term average at approximately £2,990.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -0.93%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Monday, June 03, 2024 in the short-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.
Golden Star
The ETF had a Golden Star Signal on Monday, June 03, 2024 in the short-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.
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 -3.29% to £2,894.97 within 17 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Invesco Uk Gilts Ucits Etf ETF
Invesco Uk Gilts Ucits Etf finds support from accumulated volume at £2,968.00 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 £17.50 between high and low, or 0.585%. For the last week the ETF has had daily average volatility of 0.536%.
Our recommended stop-loss: £2,900.45 (-3.11%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (GLTP.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Invesco Uk Gilts Ucits Etf to open at £2,999.33, and during the day (based on 14 day Average True Range), to move between £2,973.30 and £3,013.70, which gives a possible trading interval of +/-£20.20 (+/-0.67%) up or down from last closing price. If Invesco Uk Gilts Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £3,010.50 (0.57%) than the support at £2,968.00 (0.85%), 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 Uk Gilts Ucits Etf ETF A Buy?
Invesco Uk Gilts Ucits Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.912 Hold/Accumulate Unchanged
Predicted Opening Price for Invesco Uk Gilts Ucits Etf of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| £2,999.33 ( 0.195%) | £2,993.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLTP.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,016.83 | 0.779% |
| R2 | 3,010.15 | 0.556% |
| R1 | 3,006.02 | 0.418% |
| Price | 2,993.50 | |
| S1 | 2,992.65 | -0.0285% |
| S2 | 2,988.52 | -0.166% |
| S3 | 2,981.83 | -0.390% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,015.50 | 0.735% |
| R2 | 3,012.00 | 0.618% |
| R1 | 3,010.50 | 0.568% |
| Price | 2,993.50 | |
| S1 | 2,968.00 | -0.85% |
| S2 | 2,957.50 | -1.20% |
| S3 | 2,954.00 | -1.32% |
GLTP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 21, 2024 | £30.29 | 1.00% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | £0.293 | 0.0095% |
| 3 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | £0.285 | 0.0096% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £0.248 | 0.0084% |
| 5 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | £0.189 | 0.0059% |
FAQ
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