Invesco Ftse Rafi Emerging Markets Ucits ETF Forecast

Invesco Ftse Rafi Emerging Markets Ucits ETF upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)

PSRM.L Signals & Forecast

There are mixed signals in the ETF today. The Invesco Ftse Rafi Emerging Markets Ucits 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 £693.79 and £699.48. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 2.53%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Wednesday, September 20, 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 Ftse Rafi Emerging Markets Ucits ETF

Invesco Ftse Rafi Emerging Markets Ucits finds support from accumulated volume at £688.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved £6.15 between high and low, or 0.89%. For the last week the ETF has had daily average volatility of 0.736%

Our recommended stop-loss: £654.92 (-5.55%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)

Trading Expectations (PSRM.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Invesco Ftse Rafi Emerging Markets Ucits Etf to open at £694.34, and during the day (based on 14 day Average True Range), to move between £684.34 and £702.41, which gives a possible trading interval of +/-£9.04 (+/-1.30%) up or down from last closing price. If Invesco Ftse Rafi Emerging Markets Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £696.50 (0.45%) than the support at £688.00 (0.78%), 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 Ftse Rafi Emerging Markets Ucits Etf ETF A Buy?

Invesco Ftse Rafi Emerging Markets 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.601 Hold/Accumulate Upgraded

Predicted Opening Price for Invesco Ftse Rafi Emerging Markets Ucits Etf of Wednesday, June 26, 2024

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