Invesco Quantitative Strategies Esg ETF Forecast
Invesco Quantitative Strategies Esg ETF price down 1.24% on Wednesday
(Updated on Jun 19, 2024)
The Invesco Quantitative Strategies Esg ETF price fell by -1.24% on the last day (Wednesday, 19th Jun 2024) from £73.52 to £72.60. During the last trading day the ETF fluctuated 0% from a day low at £72.60 to a day high of £72.60. The price has been going up and down for this period, and there has been a -0.31% 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 -156 thousand shares and in total, 0 shares were bought and sold for approximately £0 .
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.17% during the next 3 months and, with a 90% probability hold a price between £71.12 and £76.10 at the end of this 3-month period.
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IQSA.L Signals & Forecast
The Invesco Quantitative Strategies Esg 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 £72.94. On a fall, the ETF will find some support from the long-term average at approximately £71.85. 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. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.193%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Invesco Quantitative Strategies Esg ETF
Invesco Quantitative Strategies Esg finds support from accumulated volume at £72.46 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved £0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.775%
Our recommended stop-loss: £68.27 (-5.96%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (IQSA.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Invesco Quantitative Strategies Esg Global Equity Multi-factor Ucits Etf to open at £72.60, and during the day (based on 14 day Average True Range), to move between £71.89 and £73.31, which gives a possible trading interval of +/-£0.706 (+/-0.97%) up or down from last closing price. If Invesco Quantitative Strategies Esg Global Equity Multi-factor Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £72.46 (0.19%) than the resistance at £72.83 (0.31%), 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 Quantitative Strategies Esg Global Equity Multi-factor Ucits Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Invesco Quantitative Strategies Esg ETF to perform well in the short-term.
Current score: 3.059 Buy Candidate Unchanged
Predicted Opening Price for Invesco Quantitative Strategies Esg Global Equity Multi-factor Ucits Etf of Thursday, June 20, 2024
Fair opening price June 20, 2024 | Current price |
---|---|
£72.60 ( 0%) | £72.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IQSA.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 72.60 | - |
R2 | 72.60 | - |
R1 | 72.60 | - |
Price | 72.60 | |
S1 | 72.60 | - |
S2 | 72.60 | - |
S3 | 72.60 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 73.76 | 1.59% |
R2 | 73.52 | 1.26% |
R1 | 72.83 | 0.310% |
Price | 72.60 | |
S1 | 72.46 | -0.193% |
S2 | 72.40 | -0.275% |
S3 | 69.65 | -4.06% |
FAQ
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