Invesco Kbw Bank Etf ETF Forecast
Invesco Kbw Bank Etf ETF price ended at $55.20 on Friday, after gaining 0.400%.
(Updated on May 17, 2024)
The Invesco Kbw Bank Etf ETF price gained 0.400% on the last trading day (Friday, 17th May 2024), rising from $54.98 to $55.20. During the last trading day the ETF fluctuated 0.418% from a day low at $54.98 to a day high of $55.21. The price has risen in 7 of the last 10 days and is up by 4.21% 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, 127 thousand more shares were traded than the day before. In total, 440 thousand shares were bought and sold for approximately $24.28 million.
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 8.75% during the next 3 months and, with a 90% probability hold a price between $55.74 and $61.13 at the end of this 3-month period.
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KBWB Signals & Forecast
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 $54.75 and $52.62. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.235%. Further fall is indicated until a new bottom pivot has been found.
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 $0.230 (0.418%) between high and low. For the last week, the ETF has had daily average volatility of 0.82%.
Our recommended stop-loss: $53.25 (-3.53%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (KBWB) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Invesco Kbw Bank Etf to open at $55.13, and during the day (based on 14 day Average True Range), to move between $54.50 and $55.90, which gives a possible trading interval of +/-$0.704 (+/-1.28%) 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 2.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $55.33 (0.24%) than the support at $50.94 (7.72%), 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 Kbw Bank 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 Kbw Bank Etf ETF to perform well in the short-term.
Current score: 3.398 Buy Candidate Unchanged
Predicted Opening Price for Invesco Kbw Bank Etf of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$55.13 ( 0.127%) | $55.20 |
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 | 55.36 | 0.290 % | |
R2 | 55.27 | 0.131 % | ||
R1 | 55.22 | 0.0324 % | ||
Current price: | 55.20 | |||
Support | S1 | 55.04 | -0.286 % | |
S2 | 54.99 | -0.384 % | ||
S3 | 54.90 | -0.543 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 55.33 | 0.236 % | ||
Current price | 55.20 | |||
Support | S1 | 50.94 | -7.72% | |
S2 | 49.58 | -10.18% | ||
S3 | 48.88 | -11.45% |
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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