Invesco KBW Property & Casualty ETF Forecast

Invesco KBW Property & Casualty ETF price down 1.33% on Friday
(Updated on Apr 26, 2024)

KBWP Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.38%. 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. The Invesco KBW Property & Casualty ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $103.50 and $104.29. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Friday, September 08, 2023 in the long-term chart.

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.

Support, Risk & Stop-loss for Invesco KBW Property & Casualty ETF

Invesco KBW Property & Casualty finds support from accumulated volume at $101.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $1.16 (1.14%) between high and low. For the last week, the ETF has had daily average volatility of 0.86%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KBWP) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Invesco KBW Property & Casualty Insurance ETF to open at $102.28, and during the day (based on 14 day Average True Range), to move between $100.72 and $103.30, which gives a possible trading interval of +/-$1.29 (+/-1.26%) up or down from last closing price. If Invesco KBW Property & Casualty Insurance ETF takes out the full calculated possible swing range there will be an estimated 2.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $101.92 (0.09%) than the resistance at $104.13 (2.08%), 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 KBW Property & Casualty Insurance ETF ETF A Buy?

The Invesco KBW Property & Casualty ETF holds several negative signals and despite the positive trend, we believe Invesco KBW Property & Casualty will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -1.352 Sell Candidate Unchanged

Predicted Opening Price for Invesco KBW Property & Casualty Insurance ETF of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.