Invesco Markets Ii Plc - Invesco Gbp ETF Forecast
Green day on Friday for Invesco Markets Ii Plc - Invesco Gbp ETF after gaining 0.250%
(Updated on Jun 28, 2024)
The Invesco Markets Ii Plc - Invesco Gbp ETF price gained 0.250% on the last trading day (Friday, 28th Jun 2024), rising from £3,267.83 to £3,276.00. During the last trading day the ETF fluctuated 0.561% from a day low at £3,260.00 to a day high of £3,278.29. The price has risen in 6 of the last 10 days and is up by 0.7% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 857 more shares were traded than the day before. In total, 857 shares were bought and sold for approximately £2.81 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 Markets Ii Plc - Invesco Gbp ETF with a 90% probability to be traded between £3,247.39 and £3,330.60 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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IGBE.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Gbp 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 £3,282.64. On a fall, the ETF will find some support from the short-term average at £3,271.20. 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 Tuesday, June 25, 2024, and so far it has fallen -0.0458%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.
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 Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.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 Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.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 buy signal from a double bottom formation was found on Thursday, April 25, 2024 and based on theory for this formation the price should go up by 0.150% to £3,280.90 within 5 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for Invesco Markets Ii Plc - Invesco Gbp ETF
Invesco Markets Ii Plc - Invesco Gbp finds support from accumulated volume at £3,266.10 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 £18.29 between high and low, or 0.561%. For the last week the ETF has had daily average volatility of 0.387%.
Our recommended stop-loss: £3,145.94 (-3.97%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (IGBE.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Invesco Markets Ii Plc - Invesco Gbp Corporate Bond Esg Ucits Etf to open at £3,271.43, and during the day (based on 14 day Average True Range), to move between £3,256.33 and £3,295.67, which gives a possible trading interval of +/-£19.67 (+/-0.60%) up or down from last closing price. If Invesco Markets Ii Plc - Invesco Gbp Corporate Bond Esg Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £3,282.20 (0.19%) than the support at £3,266.10 (0.30%), 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 Markets Ii Plc - Invesco Gbp Corporate Bond Esg Ucits Etf ETF A Buy?
Invesco Markets Ii Plc - Invesco Gbp 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Invesco Markets Ii Plc - Invesco Gbp Corporate Bond Esg Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £3,271.43 ( 0.140%) | £3,276.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IGBE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,289.72 | 0.419% |
| R2 | 3,282.73 | 0.205% |
| R1 | 3,278.42 | 0.0737% |
| Price | 3,276.00 | |
| S1 | 3,264.44 | -0.353% |
| S2 | 3,260.13 | -0.485% |
| S3 | 3,253.14 | -0.698% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,296.00 | 0.611% |
| R2 | 3,284.25 | 0.252% |
| R1 | 3,282.20 | 0.189% |
| Price | 3,276.00 | |
| S1 | 3,266.10 | -0.302% |
| S2 | 3,262.00 | -0.427% |
| S3 | 3,261.25 | -0.450% |
FAQ
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