Invesco PureBeta MSCI USA ETF Forecast
Stronger technical forecast for Invesco PureBeta MSCI USA ETF price after Tuesday trading.
(Updated on Jul 02, 2024)
The Invesco PureBeta MSCI USA ETF price gained 0.547% on the last trading day (Tuesday, 2nd Jul 2024), rising from $54.55 to $54.85. During the last trading day the ETF fluctuated 0.667% from a day low at $54.49 to a day high of $54.85. The price has been going up and down for this period, and there has been a 0.35% gain for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 20 thousand shares were bought and sold for approximately $1.12 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 8.37% during the next 3 months and, with a 90% probability hold a price between $57.51 and $61.11 at the end of this 3-month period.
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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 $54.50 and $53.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.69%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 also not.
Support, Risk & Stop-loss for Invesco PureBeta MSCI USA ETF
Invesco PureBeta MSCI USA finds support from accumulated volume at $54.55 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 $0.364 between high and low, or 0.667%. For the last week the ETF has had daily average volatility of 0.614%
Our recommended stop-loss: $53.15 (-3.10%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 65 days ago.)
Trading Expectations (PBUS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Invesco PureBeta MSCI USA ETF to open at $54.73, and during the day (based on 14 day Average True Range), to move between $54.47 and $55.23, which gives a possible trading interval of +/-$0.382 (+/-0.70%) 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 1.39% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $54.55, some $0.299 (0.54%) from the current price of $54.85, our system finds the risk reward attractive.
Is Invesco PureBeta MSCI USA ETF ETF A Buy?
Invesco PureBeta MSCI USA holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.483 Strong Buy Candidate Upgraded
Predicted Opening Price for Invesco PureBeta MSCI USA ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $54.73 ( 0.221%) | $54.85 |
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 | |
|---|---|---|
| R3 | 55.09 | 0.442% |
| R2 | 54.95 | 0.189% |
| R1 | 54.87 | 0.0323% |
| Price | 54.85 | |
| S1 | 54.59 | -0.474% |
| S2 | 54.50 | -0.631% |
| S3 | 54.36 | -0.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 54.85 | |
| S1 | 54.55 | -0.544% |
| S2 | 53.05 | -3.28% |
| S3 | 53.03 | -3.32% |
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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