Invesco Kbw Bank Etf ETF Forecast
Invesco Kbw Bank Etf ETF price up 0.93% on Thursday
(Updated on May 09, 2024)
The Invesco Kbw Bank Etf ETF price gained 0.93% on the last trading day (Thursday, 9th May 2024), rising from $53.81 to $54.31. During the last trading day the ETF fluctuated 1.36% from a day low at $53.60 to a day high of $54.33. The price has risen in 7 of the last 10 days and is up by 3.47% over the past 2 weeks. Volume fell on the last day by -465 thousand shares and in total, 319 thousand shares were bought and sold for approximately $17.32 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 8.14% during the next 3 months and, with a 90% probability hold a price between $54.88 and $60.18 at the end of this 3-month period.
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KBWB Signals & Forecast
Mostly positive signals in the chart today. The Invesco Kbw Bank 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 $53.25 and $52.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.54%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for Invesco Kbw Bank Etf ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $50.94 and $49.58. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Invesco Kbw Bank Etf finds support just below today's level at $50.94. If this is broken, then the next support from accumulated volume will be at $49.58 and $48.88.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.730 (1.36%) between high and low. For the last week, the ETF has had daily average volatility of 1.11%.
Our recommended stop-loss: $51.92 (-4.41%) (This ETF has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (KBWB) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Invesco Kbw Bank Etf to open at $54.08, and during the day (based on 14 day Average True Range), to move between $53.48 and $55.14, which gives a possible trading interval of +/-$0.83 (+/-1.54%) up or down from last closing price. If Invesco Kbw Bank Etf takes out the full calculated possible swing range there will be an estimated 3.07% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $50.94, some $3.37 (6.21%) from the current price of $54.31, our system finds the risk reward attractive.
Is Invesco Kbw Bank Etf ETF A Buy?
Invesco Kbw Bank Etf holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.232 Strong Buy Candidate Unchanged
Predicted Opening Price for Invesco Kbw Bank Etf of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
$54.08 ( 0.423%) | $54.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBWB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 54.81 | 0.92 % | |
R2 | 54.53 | 0.407 % | ||
R1 | 54.36 | 0.0900 % | ||
Current price: | 54.31 | |||
Support | S1 | 53.80 | -0.94 % | |
S2 | 53.63 | -1.25 % | ||
S3 | 53.35 | -1.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 54.31 | |||
Support | S1 | 50.94 | -6.21% | |
S2 | 49.58 | -8.71% | ||
S3 | 48.88 | -10.00% |
KBWB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.426 | 0.82% |
2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.388 | 0.795% |
3 | Sep 18, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.405 | 1.01% |
4 | Sep 08, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.446 | 1.13% |
5 | Jun 19, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.334 | 0.83% |
FAQ
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