Invesco DWA Healthcare Momentum ETF Forecast
Invesco DWA Healthcare Momentum ETF price ended at $41.15 on Monday, after losing 1.63%.
(Updated on Apr 15, 2024)
The Invesco DWA Healthcare Momentum ETF price fell by -1.63% on the last day (Monday, 15th Apr 2024) from $41.83 to $41.15. During the last trading day the ETF fluctuated 3.13% from a day low at $40.86 to a day high of $42.14. The price has been going up and down for this period, and there has been a -5.32% loss for the last 2 weeks. Volume has increased on the last day by 2 thousand 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, 14 thousand shares were bought and sold for approximately $587.21 thousand.
Given the current short-term trend, the ETF is expected to rise 7.88% during the next 3 months and, with a 90% probability hold a price between $44.39 and $52.70 at the end of this 3-month period.
PTH 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 DWA Healthcare Momentum 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 $42.28 and $43.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -12.35%. Further fall is indicated until a new bottom pivot has been found. Invesco DWA Healthcare Momentum 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".
Support, Risk & Stop-loss for Invesco DWA Healthcare Momentum ETF
Invesco DWA Healthcare Momentum finds support from accumulated volume at $39.69 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 $1.28 between high and low, or 3.13%. For the last week the ETF has had daily average volatility of 1.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PTH) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Invesco DWA Healthcare Momentum ETF to open at $41.38, and during the day (based on 14 day Average True Range), to move between $40.20 and $42.10, which gives a possible trading interval of +/-$0.95 (+/-2.30%) up or down from last closing price. If Invesco DWA Healthcare Momentum ETF takes out the full calculated possible swing range there will be an estimated 4.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $39.69 (3.55%) than the resistance at $42.66 (3.67%), 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 DWA Healthcare Momentum ETF ETF A Buy?
The Invesco DWA Healthcare Momentum ETF holds several negative signals and despite the positive trend, we believe Invesco DWA Healthcare Momentum will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.030 Sell Candidate Unchanged
Predicted Opening Price for Invesco DWA Healthcare Momentum ETF of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $41.38 ( 0.568%) | $41.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.66 | 3.68 % | |
| R2 | 42.17 | 2.49 % | ||
| R1 | 41.87 | 1.76 % | ||
| Current price: | 41.15 | |||
| Support | S1 | 40.90 | -0.619 % | |
| S2 | 40.59 | -1.35 % | ||
| S3 | 40.10 | -2.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.04 | 7.02 % | |
| R2 | 43.46 | 5.61 % | ||
| R1 | 42.66 | 3.67 % | ||
| Current price | 41.15 | |||
| Support | S1 | 39.69 | -3.55% | |
| S2 | 39.40 | -4.25% | ||
| S3 | 38.84 | -5.61% |
PTH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2013 | Dec 20, 2013 | Dec 31, 2013 | $0.0340 | 0.216% |
| 2 | Sep 20, 2013 | Sep 20, 2013 | Sep 30, 2013 | $0.0080 | 0.0557% |
| 3 | Jun 21, 2013 | Jun 21, 2013 | Jun 28, 2013 | $0.110 | 0.82% |
| 4 | Dec 21, 2012 | Dec 21, 2012 | Dec 31, 2012 | $0.327 | 2.99% |
| 5 | Jun 15, 2012 | Jun 15, 2012 | Jun 29, 2012 | $0.0250 | 0.231% |
FAQ
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