Invesco S&p 500® Equal Weight Real ETF Forecast
Stronger technical forecast for Invesco S&p 500® Equal Weight Real ETF price after Monday trading.
(Updated on Jun 24, 2024)
The Invesco S&p 500® Equal Weight Real ETF price gained 0.160% on the last trading day (Monday, 24th Jun 2024), rising from $32.60 to $32.65. During the last trading day the ETF fluctuated 1.32% from a day low at $32.61 to a day high of $33.04. The price has risen in 6 of the last 10 days and is up by 1.51% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 97 thousand more shares were traded than the day before. In total, 113 thousand shares were bought and sold for approximately $3.69 million.
The ETF lies in the middle of a narrow and 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 3.92% during the next 3 months and, with a 90% probability hold a price between $33.46 and $34.32 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.
RSPR Signals & Forecast
The Invesco S&p 500® Equal Weight Real 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 $32.58 and $32.17. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, June 13, 2024, and so far it has fallen -0.0012%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Invesco S&p 500® Equal Weight Real ETF
Invesco S&p 500® Equal Weight Real finds support from accumulated volume at $32.33 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 $0.430 between high and low, or 1.32%. For the last week the ETF has had daily average volatility of 0.82%.
Our recommended stop-loss: $31.44 (-3.70%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (RSPR) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Invesco S&p 500® Equal Weight Real Estate Etf to open at $32.77, and during the day (based on 14 day Average True Range), to move between $32.27 and $33.03, which gives a possible trading interval of +/-$0.379 (+/-1.16%) up or down from last closing price. If Invesco S&p 500® Equal Weight Real Estate Etf takes out the full calculated possible swing range there will be an estimated 2.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.65 (0.00%) than the support at $32.33 (0.98%), 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® Equal Weight Real Estate 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 S&p 500® Equal Weight Real ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.736 Buy Candidate Upgraded
Predicted Opening Price for Invesco S&p 500® Equal Weight Real Estate Etf of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $32.77 ( 0.357%) | $32.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RSPR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.20 | 1.67% |
| R2 | 33.03 | 1.17% |
| R1 | 32.93 | 0.86% |
| Price | 32.65 | |
| S1 | 32.60 | -0.146% |
| S2 | 32.50 | -0.456% |
| S3 | 32.34 | -0.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 32.65 | 0.0012% |
| Price | 32.65 | |
| S1 | 32.33 | -0.98% |
| S2 | 32.04 | -1.87% |
| S3 | 31.67 | -2.99% |
RSPR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.279 | 0.87% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.241 | 0.729% |
| 3 | Sep 18, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.246 | 0.85% |
| 4 | Jun 20, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.377 | 1.27% |
| 5 | Mar 20, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.105 | 0.362% |
FAQ
Click here for our free guide on how to buy Invesco S&p 500® Equal Weight Real Estate Etf ETF.
