Invesco Msci Europe Ex-uk Ucits Etf ETF Forecast

Evaluation of Invesco Msci Europe Ex-uk Ucits Etf ETF downgraded after the last trading session.
(Updated on Jul 04, 2024)

MXUK.F Signals & Forecast

The Invesco Msci Europe Ex-uk Ucits Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 36.63€ and 36.88€. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 06, 2024, and so far it has fallen -1.68%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, May 06, 2024 in the short-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 Msci Europe Ex-uk Ucits Etf ETF

Invesco Msci Europe Ex-uk Ucits Etf finds support from accumulated volume at 36.72€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.165€ between high and low, or 0.449%. For the last week the ETF has had daily average volatility of 0.709%

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

Trading Expectations (MXUK.F) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect Invesco Msci Europe Ex-uk Ucits Etf to open at 36.88€, and during the day (based on 14 day Average True Range), to move between 36.59€ and 37.21€, which gives a possible trading interval of +/-0.314€ (+/-0.85%) up or down from last closing price. If Invesco Msci Europe Ex-uk Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 36.95€ (0.12%) than the support at 36.72€ (0.50%), 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 Msci Europe Ex-uk Ucits Etf ETF A Buy?

The Invesco Msci Europe Ex-uk Ucits Etf ETF holds several negative signals and despite the positive trend, we believe Invesco Msci Europe Ex-uk Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.417 Sell Candidate Downgraded

Predicted Opening Price for Invesco Msci Europe Ex-uk Ucits Etf of Friday, July 5, 2024

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