Invesco KBW Property & Casualty ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Invesco KBW Property & Casualty ETF downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on May 08, 2024)
The Invesco KBW Property & Casualty ETF price gained 0.321% on the last trading day (Wednesday, 8th May 2024), rising from $105.94 to $106.28. It has now gained 4 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 0.292% from a day low at $106.12 to a day high of $106.43. The price has risen in 6 of the last 10 days and is up by 2.06% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 15 thousand shares were bought and sold for approximately $1.62 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 3.39% during the next 3 months and, with a 90% probability hold a price between $104.95 and $113.11 at the end of this 3-month period.
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KBWP Signals & Forecast
The Invesco KBW Property & Casualty 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 $104.53 and $104.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.63%. 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. 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.
Golden Star 12 Months
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 $104.13 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 $0.309 between high and low, or 0.292%. For the last week the ETF has had daily average volatility of 0.90%.
Our recommended stop-loss: $101.50 (-4.50%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (KBWP) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Invesco KBW Property & Casualty Insurance ETF to open at $106.28, and during the day (based on 14 day Average True Range), to move between $105.07 and $107.49, which gives a possible trading interval of +/-$1.21 (+/-1.14%) 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 2.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $106.61 (0.31%) than the support at $104.13 (2.02%), 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 Property & Casualty Insurance ETF ETF A Buy?
Invesco KBW Property & Casualty holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.122 Hold/Accumulate Downgraded
Predicted Opening Price for Invesco KBW Property & Casualty Insurance ETF of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $106.28 ( 0.0029%) | $106.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBWP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 106.59 | 0.288 % | |
| R2 | 106.47 | 0.177 % | ||
| R1 | 106.40 | 0.108 % | ||
| Current price: | 106.28 | |||
| Support | S1 | 106.16 | -0.114 % | |
| S2 | 106.09 | -0.183 % | ||
| S3 | 105.97 | -0.294 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.75 | 1.38 % | |
| R2 | 107.41 | 1.06 % | ||
| R1 | 106.61 | 0.311 % | ||
| Current price | 106.28 | |||
| Support | S1 | 104.13 | -2.02% | |
| S2 | 101.92 | -4.10% | ||
| S3 | 101.39 | -4.60% |
KBWP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.478 | 0.458% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.437 | 0.488% |
| 3 | Sep 18, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.323 | 0.375% |
| 4 | Sep 08, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.329 | 0.407% |
| 5 | Jun 19, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.431 | 0.539% |
FAQ
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