Invesco Dynamic Leisure and ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Invesco Dynamic Leisure and
(Updated on May 10, 2024)
The Invesco Dynamic Leisure and ETF price fell by -0.289% on the last day (Friday, 10th May 2024) from $44.97 to $44.84. During the last trading day the ETF fluctuated 0.87% from a day low at $44.73 to a day high of $45.12. The price has risen in 6 of the last 10 days and is up by 0.02% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -24 thousand shares and in total, 40 thousand shares were bought and sold for approximately $1.79 million.
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 2.98% during the next 3 months and, with a 90% probability hold a price between $45.04 and $48.36 at the end of this 3-month period.
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PEJ Signals & Forecast
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. The Invesco Dynamic Leisure and ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $44.99 and $44.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -1.49%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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.
Golden Star 12 Months
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.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.390 between high and low, or 0.87%. For the last week the ETF has had daily average volatility of 0.93%.
Our recommended stop-loss: $42.90 (-4.32%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (PEJ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Invesco Dynamic Leisure and Entertainment ETF to open at $44.90, and during the day (based on 14 day Average True Range), to move between $44.19 and $45.49, which gives a possible trading interval of +/-$0.655 (+/-1.46%) 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 2.92% 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 (0.22%) than the support at $44.12 (1.61%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.484 Hold/Accumulate Unchanged
Predicted Opening Price for Invesco Dynamic Leisure and Entertainment ETF of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $44.90 ( 0.126%) | $44.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEJ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.29 | 1.00 % | |
| R2 | 45.14 | 0.664 % | ||
| R1 | 45.05 | 0.459 % | ||
| Current price: | 44.84 | |||
| Support | S1 | 44.75 | -0.206 % | |
| S2 | 44.66 | -0.411 % | ||
| S3 | 44.51 | -0.743 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.71 | 1.94 % | |
| R2 | 45.52 | 1.52 % | ||
| R1 | 44.94 | 0.223 % | ||
| Current price | 44.84 | |||
| Support | S1 | 44.12 | -1.61% | |
| S2 | 43.46 | -3.08% | ||
| S3 | 42.62 | -4.95% |
PEJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.172 | 0.376% |
| 2 | Jan 03, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.0180 | 0.0473% |
| 3 | Jan 03, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.0340 | 0.0841% |
| 4 | Jan 03, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.141 | 0.366% |
| 5 | Jan 20, 2022 | Dec 19, 2022 | Dec 23, 2022 | $0.0290 | 0.0786% |
FAQ
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