Invesco Nasdaq 100 Index Etf ETF Forecast
Invesco Nasdaq 100 Index Etf ETF price ended at $156.73 on Friday, after losing 0.451%.
(Updated on Jun 28, 2024)
The Invesco Nasdaq 100 Index Etf ETF price fell by -0.451% on the last day (Friday, 28th Jun 2024) from $157.44 to $156.73. During the last trading day the ETF fluctuated 0.91% from a day low at $156.73 to a day high of $158.15. The price has risen in 6 of the last 10 days. Volume has increased on the last day by 276 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, 2 thousand shares were bought and sold for approximately $279.29 thousand.
The ETF lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 12.65% during the next 3 months and, with a 90% probability hold a price between $168.87 and $181.45 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
QQC-F.TO Signals & Forecast
The Invesco Nasdaq 100 Index Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $156.86. On a fall, the ETF will find some support from the long-term average at approximately $152.03. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -1.46%. Further fall is indicated until a new bottom pivot has been found. Invesco Nasdaq 100 Index 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".
Support, Risk & Stop-loss for Invesco Nasdaq 100 Index Etf ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $141.25 and $139.86. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Invesco Nasdaq 100 Index Etf finds support just below today's level at $141.25. If this is broken, then the next support from accumulated volume will be at $139.86 and $135.83.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $1.42 (0.91%) between high and low. For the last week, the ETF has had daily average volatility of 0.661%.
Our recommended stop-loss: $151.23 (-3.51%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (QQC-F.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Invesco Nasdaq 100 Index Etf to open at $157.20, and during the day (based on 14 day Average True Range), to move between $155.24 and $158.22, which gives a possible trading interval of +/-$1.49 (+/-0.95%) up or down from last closing price. If Invesco Nasdaq 100 Index Etf takes out the full calculated possible swing range there will be an estimated 1.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $156.88 (0.10%) than the support at $141.25 (9.88%), 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 Nasdaq 100 Index Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Invesco Nasdaq 100 Index Etf ETF to perform well in the short-term.
Current score: 2.930 Buy Candidate Unchanged
Predicted Opening Price for Invesco Nasdaq 100 Index Etf of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
$157.20 ( 0.302%) | $156.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QQC-F.TO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 158.62 | 1.21% |
R2 | 158.08 | 0.86% |
R1 | 157.75 | 0.648% |
Price | 156.73 | |
S1 | 156.66 | -0.0441% |
S2 | 156.33 | -0.258% |
S3 | 155.78 | -0.604% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 159.06 | 1.49% |
R2 | 157.45 | 0.459% |
R1 | 156.88 | 0.0957% |
Price | 156.73 | |
S1 | 141.25 | -9.88% |
S2 | 139.86 | -10.76% |
S3 | 135.83 | -13.34% |
FAQ
Click here for our free guide on how to buy Invesco Nasdaq 100 Index Etf ETF.