Invesco Emerging Markets Usd Bond Ucits ETF Forecast

Invesco Emerging Markets Usd Bond Ucits ETF price ended at $15.65 on Monday, after gaining 0.514%.
(Updated on Jun 24, 2024)

PEMD.L Signals & Forecast

The Invesco Emerging Markets Usd Bond Ucits ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $15.61 and $15.64. 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 0.87%. Further rise is indicated until a new top pivot has been found. Invesco Emerging Markets Usd Bond Ucits 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. The very low volume increases the risk and reduces the other technical signals issued. 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). The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, May 02, 2024.

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 Emerging Markets Usd Bond Ucits ETF

Invesco Emerging Markets Usd Bond Ucits finds support from accumulated volume at $15.64 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 $0.110 between high and low, or 0.708%. For the last week the ETF has had daily average volatility of 0.271%.

Our recommended stop-loss: $14.75 (-5.74%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (PEMD.L) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Invesco Emerging Markets Usd Bond Ucits Etf to open at $15.61, and during the day (based on 14 day Average True Range), to move between $15.56 and $15.73, which gives a possible trading interval of +/-$0.0883 (+/-0.56%) up or down from last closing price. If Invesco Emerging Markets Usd Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.64 (0.03%) than the resistance at $15.67 (0.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Invesco Emerging Markets Usd Bond Ucits Etf ETF A Buy?

Invesco Emerging Markets Usd Bond Ucits holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.743 Hold/Accumulate Unchanged

Predicted Opening Price for Invesco Emerging Markets Usd Bond Ucits Etf of Tuesday, June 25, 2024

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