Invesco Dynamic Leisure and ETF Forecast

Green day on Friday for Invesco Dynamic Leisure and ETF after gaining 0.358%
(Updated on Apr 26, 2024)

PEJ Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.32%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invesco Dynamic Leisure and ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $45.01. On a fall, the ETF will find some support from the short-term average at $44.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Monday, June 05, 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 Dynamic Leisure and ETF

Invesco Dynamic Leisure and finds support from accumulated volume at $44.12 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 $0.340 (0.763%) between high and low. For the last week, the ETF has had daily average volatility of 1.44%.

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

Trading Expectations (PEJ) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Invesco Dynamic Leisure and Entertainment ETF to open at $44.78, and during the day (based on 14 day Average True Range), to move between $44.17 and $45.49, which gives a possible trading interval of +/-$0.659 (+/-1.47%) up or down from last closing price. If Invesco Dynamic Leisure and Entertainment ETF takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $44.94 (0.25%) than the support at $44.12 (1.58%), 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 Dynamic Leisure and Entertainment ETF ETF A Buy?

Invesco Dynamic Leisure and holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.756 Sell Candidate Unchanged

Predicted Opening Price for Invesco Dynamic Leisure and Entertainment ETF of Monday, April 29, 2024

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