Invesco Preferred Shares Ucits Etf ETF Forecast
Invesco Preferred Shares Ucits Etf ETF price ended at $15.44 on Tuesday, after losing 0.113%.
(Updated on Jun 25, 2024)
The Invesco Preferred Shares Ucits Etf ETF price fell by -0.113% on the last day (Tuesday, 25th Jun 2024) from $15.46 to $15.44. During the last trading day the ETF fluctuated 0.761% from a day low at $15.44 to a day high of $15.56. The price has been going up and down for this period, and there has been a -0.55% loss for the last 2 weeks. Volume has increased on the last day by 317 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 319 shares were bought and sold for approximately $4.93 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 Preferred Shares Ucits Etf ETF with a 90% probability to be traded between $14.88 and $15.53 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.
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PRFD.L Signals & Forecast
There are few to no technical positive signals at the moment. The Invesco Preferred Shares Ucits Etf 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 $15.50. On a fall, the ETF will find some support from the short-term average at $15.43. 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. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -1.48%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Invesco Preferred Shares Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Invesco Preferred Shares Ucits Etf ETF
Invesco Preferred Shares Ucits Etf finds support from accumulated volume at $15.43 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 $0.118 between high and low, or 0.761%. For the last week the ETF has had daily average volatility of 0.295%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRFD.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Invesco Preferred Shares Ucits Etf to open at $15.48, and during the day (based on 14 day Average True Range), to move between $15.33 and $15.56, which gives a possible trading interval of +/-$0.113 (+/-0.73%) up or down from last closing price. If Invesco Preferred Shares Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.43 (0.08%) than the resistance at $15.73 (1.86%), 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 Preferred Shares Ucits Etf ETF A Buy?
Invesco Preferred Shares Ucits Etf 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: -4.283 Sell Candidate Unchanged
Predicted Opening Price for Invesco Preferred Shares Ucits Etf of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$15.48 ( 0.254%) | $15.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRFD.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.60 | 1.01% |
R2 | 15.55 | 0.724% |
R1 | 15.53 | 0.544% |
Price | 15.44 | |
S1 | 15.44 | -0.0370% |
S2 | 15.41 | -0.217% |
S3 | 15.36 | -0.507% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.99 | 3.55% |
R2 | 15.87 | 2.77% |
R1 | 15.73 | 1.86% |
Price | 15.44 | |
S1 | 15.43 | -0.0809% |
S2 | 15.35 | -0.599% |
S3 | 15.14 | -1.96% |
PRFD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Mar 21, 2024 | $0.199 | 1.24% |
2 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.201 | 1.31% |
3 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | $0.202 | 1.37% |
4 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | $0.202 | 1.32% |
5 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | $0.210 | 1.40% |
FAQ
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