Invesco PureBeta MSCI USA ETF Forecast
Invesco PureBeta MSCI USA ETF price up 0.0944% on Friday
(Updated on May 17, 2024)
The Invesco PureBeta MSCI USA ETF price gained 0.0944% on the last trading day (Friday, 17th May 2024), rising from $52.96 to $53.01. During the last trading day the ETF fluctuated 0.198% from a day low at $52.91 to a day high of $53.02. The price has risen in 8 of the last 10 days and is up by 3.47% 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, 17 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately $1.14 million.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $53.09 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Invesco PureBeta MSCI USA ETF with a 90% probability to be traded between $50.37 and $53.74 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PBUS Signals & Forecast
The Invesco PureBeta MSCI USA 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 $52.56 and $51.37. 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). Invesco PureBeta MSCI USA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 -0.113%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Invesco PureBeta MSCI USA ETF
Invesco PureBeta MSCI USA finds support from accumulated volume at $51.84 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 $0.105 (0.198%) between high and low. For the last week, the ETF has had daily average volatility of 0.458%.
Our recommended stop-loss: $51.11 (-3.58%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (PBUS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Invesco PureBeta MSCI USA ETF to open at $52.98, and during the day (based on 14 day Average True Range), to move between $52.58 and $53.44, which gives a possible trading interval of +/-$0.426 (+/-0.80%) up or down from last closing price. If Invesco PureBeta MSCI USA ETF takes out the full calculated possible swing range there will be an estimated 1.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $53.07 (0.11%) than the support at $51.84 (2.21%), 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 PureBeta MSCI USA ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Invesco PureBeta MSCI USA ETF to perform well in the short-term period.
Current score: 2.866 Buy Candidate Unchanged
Predicted Opening Price for Invesco PureBeta MSCI USA ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $52.98 ( 0.0597%) | $53.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBUS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.08 | 0.138 % | |
| R2 | 53.04 | 0.0627 % | ||
| R1 | 53.02 | 0.0159 % | ||
| Current price: | 53.01 | |||
| Support | S1 | 52.94 | -0.135 % | |
| S2 | 52.91 | -0.182 % | ||
| S3 | 52.87 | -0.258 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 53.07 | 0.113 % | ||
| Current price | 53.01 | |||
| Support | S1 | 51.84 | -2.21% | |
| S2 | 50.55 | -4.64% | ||
| S3 | 49.83 | -6.00% |
PBUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.169 | 0.323% |
| 2 | Dec 15, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.182 | 0.382% |
| 3 | Sep 15, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.142 | 0.330% |
| 4 | Jun 16, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.156 | 0.361% |
| 5 | Mar 17, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.168 | 0.427% |
FAQ
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