Invesco Exchange-Traded Fund Trust II - ETF Forecast

Invesco Exchange-Traded Fund Trust II - ETF price ended at $22.08 on Friday, after losing 0.125%.
(Updated on May 17, 2024)

QQJG Signals & Forecast

The Invesco Exchange-Traded Fund Trust II - ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.88 and $21.62. A breakdown below any of these levels will issue sell signals. 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, May 15, 2024, and so far it has fallen -0.649%. Further fall is indicated until a new bottom pivot has been found. Invesco Exchange-Traded Fund Trust II - 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 Exchange-Traded Fund Trust II - ETF

Invesco Exchange-Traded Fund Trust II - finds support from accumulated volume at $22.05 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 $0.0050 between high and low, or 0.0226%. For the last week the ETF has had daily average volatility of 0.150%.

Our recommended stop-loss: $21.42 (-2.97%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (QQJG) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Invesco Exchange-Traded Fund Trust II - Invesco ESG NASDAQ Next Gen 100 ETF to open at $22.08, and during the day (based on 14 day Average True Range), to move between $21.90 and $22.26, which gives a possible trading interval of +/-$0.177 (+/-0.80%) up or down from last closing price. If Invesco Exchange-Traded Fund Trust II - Invesco ESG NASDAQ Next Gen 100 ETF takes out the full calculated possible swing range there will be an estimated 1.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.05 (0.14%) than the resistance at $22.16 (0.36%), 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 Exchange-Traded Fund Trust II - Invesco ESG NASDAQ Next Gen 100 ETF ETF A Buy?

Invesco Exchange-Traded Fund Trust II - 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.

Current score: -0.904 Hold/Accumulate Unchanged

Predicted Opening Price for Invesco Exchange-Traded Fund Trust II - Invesco ESG NASDAQ Next Gen 100 ETF of Monday, May 20, 2024

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