Invesco S&P 500 Pure Value ETF Forecast
Invesco S&P 500 Pure Value ETF price down 0.330% on Friday
(Updated on Apr 26, 2024)
The Invesco S&P 500 Pure Value ETF price fell by -0.330% on the last day (Friday, 26th Apr 2024) from $84.91 to $84.63. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.662% from a day low at $84.47 to a day high of $85.03. The price has been going up and down for this period, and there has been a 1.5% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -8 thousand shares and in total, 164 thousand shares were bought and sold for approximately $13.89 million.
The ETF lies in the middle of a weak 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 5.41% during the next 3 months and, with a 90% probability hold a price between $87.25 and $94.79 at the end of this 3-month period.
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RPV Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.98%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invesco S&P 500 Pure Value 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 $84.66 and $85.34. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Invesco S&P 500 Pure Value ETF
Invesco S&P 500 Pure Value finds support from accumulated volume at $84.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.560 (0.662%) between high and low. For the last week, the ETF has had daily average volatility of 1.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RPV) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Invesco S&P 500 Pure Value ETF to open at $84.71, and during the day (based on 14 day Average True Range), to move between $83.56 and $85.70, which gives a possible trading interval of +/-$1.07 (+/-1.26%) up or down from last closing price. If Invesco S&P 500 Pure Value ETF takes out the full calculated possible swing range there will be an estimated 2.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $85.05 (0.50%) than the support at $84.10 (0.63%), 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 S&P 500 Pure Value ETF ETF A Buy?
The Invesco S&P 500 Pure Value ETF holds several negative signals and despite the positive trend, we believe Invesco S&P 500 Pure Value will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.504 Sell Candidate Unchanged
Predicted Opening Price for Invesco S&P 500 Pure Value ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $84.71 ( 0.0947%) | $84.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RPV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.27 | 0.756 % | |
| R2 | 85.06 | 0.503 % | ||
| R1 | 84.92 | 0.347 % | ||
| Current price: | 84.63 | |||
| Support | S1 | 84.50 | -0.158 % | |
| S2 | 84.36 | -0.314 % | ||
| S3 | 84.15 | -0.567 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 86.75 | 2.51 % | |
| R2 | 86.08 | 1.71 % | ||
| R1 | 85.05 | 0.496 % | ||
| Current price | 84.63 | |||
| Support | S1 | 84.10 | -0.626% | |
| S2 | 82.54 | -2.47% | ||
| S3 | 81.88 | -3.25% |
RPV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.532 | 0.618% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.501 | 0.616% |
| 3 | Jan 02, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.456 | 0.617% |
| 4 | Jan 02, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.498 | 0.665% |
| 5 | Jan 02, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.501 | 0.698% |
FAQ
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