Invesco High Yield Bond Factor ETF Forecast
Invesco High Yield Bond Factor ETF price ended at $22.16 on Monday, after losing 0.542%.
(Updated on May 20, 2024)
The Invesco High Yield Bond Factor ETF price fell by -0.542% on the last day (Monday, 20th May 2024) from $22.28 to $22.16. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.139% from a day low at $22.16 to a day high of $22.19. The price has fallen in 8 of the last 10 days and is down by -0.47% for this period. 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, 6 thousand shares were bought and sold for approximately $138.21 thousand.
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 High Yield Bond Factor ETF with a 90% probability to be traded between $21.82 and $22.34 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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IHYF Signals & Forecast
The Invesco High Yield Bond Factor 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 $22.23. On a fall, the ETF will find some support from the long-term average at approximately $22.10. 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, May 15, 2024, and so far it has fallen -0.586%. Further fall is indicated until a new bottom pivot has been found. Invesco High Yield Bond Factor 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 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 Wednesday, June 28, 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 Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 28, 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 Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 28, 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, May 15, 2024 and based on theory for this formation the price should fall by -1.69% to $21.79 within 34 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for Invesco High Yield Bond Factor ETF
Invesco High Yield Bond Factor finds support from accumulated volume at $22.11 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 $0.0307 between high and low, or 0.139%. For the last week the ETF has had daily average volatility of 0.244%.
Our recommended stop-loss: $21.58 (-2.63%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (IHYF) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Invesco High Yield Bond Factor ETF to open at $22.17, and during the day (based on 14 day Average True Range), to move between $22.08 and $22.23, which gives a possible trading interval of +/-$0.0754 (+/-0.34%) up or down from last closing price. If Invesco High Yield Bond Factor ETF takes out the full calculated possible swing range there will be an estimated 0.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.18 (0.07%) than the support at $22.11 (0.22%), 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 High Yield Bond Factor ETF ETF A Buy?
Invesco High Yield Bond Factor 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: 0.561 Hold/Accumulate Unchanged
Predicted Opening Price for Invesco High Yield Bond Factor ETF of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $22.17 ( 0.0462%) | $22.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHYF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.20 | 0.185 % | |
| R2 | 22.19 | 0.132 % | ||
| R1 | 22.18 | 0.0991 % | ||
| Current price: | 22.16 | |||
| Support | S1 | 22.16 | -0.0067 % | |
| S2 | 22.15 | -0.0394 % | ||
| S3 | 22.14 | -0.0924 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.37 | 0.94 % | |
| R2 | 22.27 | 0.477 % | ||
| R1 | 22.18 | 0.0709 % | ||
| Current price | 22.16 | |||
| Support | S1 | 22.11 | -0.222% | |
| S2 | 22.01 | -0.674% | ||
| S3 | 21.94 | -0.99% |
IHYF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.141 | 0.642% |
| 2 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.136 | 0.611% |
| 3 | Feb 20, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.131 | 0.594% |
| 4 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.135 | 0.604% |
| 5 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.136 | 0.608% |
FAQ
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