Invesco Rafi Strategic Us Etf ETF Forecast
Invesco Rafi Strategic Us Etf ETF price up 0.147% on Thursday
(Updated on Jun 20, 2024)
The Invesco Rafi Strategic Us Etf ETF price gained 0.147% on the last trading day (Thursday, 20th Jun 2024), rising from $47.59 to $47.66. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.393% from a day low at $47.56 to a day high of $47.75. The price has risen in 6 of the last 10 days and is up by 1.12% 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, 68 thousand more shares were traded than the day before. In total, 133 thousand shares were bought and sold for approximately $6.32 million.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $48.02 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Invesco Rafi Strategic Us Etf ETF with a 90% probability to be traded between $46.01 and $48.63 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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IUS Signals & Forecast
Mostly positive signals in the chart today. The Invesco Rafi Strategic Us Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $47.40 and $46.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 5.68%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Invesco Rafi Strategic Us Etf ETF
Invesco Rafi Strategic Us Etf finds support from accumulated volume at $47.13 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 $0.187 between high and low, or 0.393%. For the last week the ETF has had daily average volatility of 0.741%.
Our recommended stop-loss: $45.98 (-3.52%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 56 days ago.)
Trading Expectations (IUS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Invesco Rafi Strategic Us Etf to open at $47.66, and during the day (based on 14 day Average True Range), to move between $47.28 and $48.04, which gives a possible trading interval of +/-$0.382 (+/-0.80%) up or down from last closing price. If Invesco Rafi Strategic Us Etf takes out the full calculated possible swing range there will be an estimated 1.60% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $47.13, some $0.530 (1.11%) from the current price of $47.66, our system finds the risk reward attractive.
Is Invesco Rafi Strategic Us Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Invesco Rafi Strategic Us Etf ETF to perform well in the short-term period.
Current score: 4.817 Buy Candidate Unchanged
Predicted Opening Price for Invesco Rafi Strategic Us Etf of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $47.66 ( 0.0092%) | $47.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IUS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.84 | 0.383% |
| R2 | 47.77 | 0.233% |
| R1 | 47.73 | 0.141% |
| Price | 47.66 | |
| S1 | 47.58 | -0.159% |
| S2 | 47.54 | -0.252% |
| S3 | 47.47 | -0.401% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 47.66 | |
| S1 | 47.13 | -1.11% |
| S2 | 47.11 | -1.15% |
| S3 | 46.74 | -1.93% |
IUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.174 | 0.370% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.195 | 0.451% |
| 3 | Sep 18, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.204 | 0.510% |
| 4 | Jun 20, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.174 | 0.440% |
| 5 | Mar 20, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.172 | 0.465% |
FAQ
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