Invesco Jpx-nikkei 400 Ucits Etf ETF Forecast
Invesco Jpx-nikkei 400 Ucits Etf ETF price down 0% on Wednesday
(Updated on Jun 26, 2024)
No changes to the price of Invesco Jpx-nikkei 400 Ucits Etf ETF on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $35.01 to a day high of $35.01. The price has been going up and down for this period, and there has been a -0.19% loss for the last 2 weeks.
The ETF lies in the middle of a narrow and 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 3.85% during the next 3 months and, with a 90% probability hold a price between $35.53 and $37.03 at the end of this 3-month period.
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N4US.L Signals & Forecast
The Invesco Jpx-nikkei 400 Ucits 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 $34.83 and $34.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.21%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Invesco Jpx-nikkei 400 Ucits Etf ETF
Invesco Jpx-nikkei 400 Ucits Etf finds support from accumulated volume at $34.51 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.153%
Our recommended stop-loss: $33.02 (-5.69%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (N4US.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Invesco Jpx-nikkei 400 Ucits Etf to open at $35.01, and during the day (based on 14 day Average True Range), to move between $34.81 and $35.21, which gives a possible trading interval of +/-$0.202 (+/-0.58%) up or down from last closing price. If Invesco Jpx-nikkei 400 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.13 (0.34%) than the support at $34.51 (1.43%), 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 Jpx-nikkei 400 Ucits 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 Jpx-nikkei 400 Ucits Etf ETF to perform well in the short-term.
Current score: 2.162 Buy Candidate Unchanged
Predicted Opening Price for Invesco Jpx-nikkei 400 Ucits Etf of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$35.01 ( 0%) | $35.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for N4US.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.01 | - |
R2 | 35.01 | - |
R1 | 35.01 | - |
Price | 35.01 | |
S1 | 35.01 | - |
S2 | 35.01 | - |
S3 | 35.01 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.30 | 0.83% |
R2 | 35.16 | 0.428% |
R1 | 35.13 | 0.343% |
Price | 35.01 | |
S1 | 34.51 | -1.43% |
S2 | 33.56 | -4.14% |
S3 | 33.32 | -4.83% |
FAQ
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