Invesco Global Short Term High Yield 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
Green day on Wednesday for Invesco Global Short Term High Yield
(Updated on May 01, 2024)
The Invesco Global Short Term High Yield ETF price gained 0.259% on the last trading day (Wednesday, 1st May 2024), rising from $19.34 to $19.39. During the last trading day the ETF fluctuated 0.742% from a day low at $19.31 to a day high of $19.45. The price has been going up and down for this period, and there has been a -0.77% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 27 thousand shares were bought and sold for approximately $515.58 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Invesco Global Short Term High Yield ETF with a 90% probability to be traded between $18.97 and $19.36 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PGHY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.362%. Further rise is indicated until a new top pivot has been found. Invesco Global Short Term High Yield 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. The Invesco Global Short Term High Yield ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $19.40 and $19.62. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Wednesday, June 28, 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 Wednesday, June 28, 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 Global Short Term High Yield ETF
Invesco Global Short Term High Yield finds support from accumulated volume at $19.37 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 $0.143 between high and low, or 0.742%. For the last week the ETF has had daily average volatility of 0.641%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PGHY) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Invesco Global Short Term High Yield Bond ETF to open at $19.38, and during the day (based on 14 day Average True Range), to move between $19.26 and $19.52, which gives a possible trading interval of +/-$0.134 (+/-0.69%) up or down from last closing price. If Invesco Global Short Term High Yield Bond ETF takes out the full calculated possible swing range there will be an estimated 1.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.37 (0.10%) than the resistance at $19.73 (1.75%), 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 Global Short Term High Yield Bond ETF ETF A Buy?
Invesco Global Short Term High Yield holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.248 Sell Candidate Unchanged
Predicted Opening Price for Invesco Global Short Term High Yield Bond ETF of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $19.38 ( 0.0289%) | $19.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PGHY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.53 | 0.710 % | |
| R2 | 19.47 | 0.428 % | ||
| R1 | 19.44 | 0.253 % | ||
| Current price: | 19.39 | |||
| Support | S1 | 19.33 | -0.311 % | |
| S2 | 19.30 | -0.485 % | ||
| S3 | 19.24 | -0.767 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.82 | 2.22 % | |
| R2 | 19.75 | 1.86 % | ||
| R1 | 19.73 | 1.75 % | ||
| Current price | 19.39 | |||
| Support | S1 | 19.37 | -0.103% | |
| S2 | 19.34 | -0.258% | ||
| S3 | 19.32 | -0.361% |
PGHY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.128 | 0.660% |
| 2 | Jan 11, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.122 | 0.618% |
| 3 | Jan 11, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.120 | 0.605% |
| 4 | Jan 11, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.130 | 0.660% |
| 5 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.132 | 0.677% |
FAQ
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