Invesco S&P SmallCap 600 Pure Value ETF Forecast
Invesco S&P SmallCap 600 Pure Value ETF price up 0.700% on Friday
(Updated on Apr 26, 2024)
The Invesco S&P SmallCap 600 Pure Value ETF price gained 0.700% on the last trading day (Friday, 26th Apr 2024), rising from $99.93 to $100.63. During the last trading day the ETF fluctuated 0.83% from a day low at $100.27 to a day high of $101.10. The price has been going up and down for this period, and there has been a 0.97% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately $273.11 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Invesco S&P SmallCap 600 Pure Value ETF with a 90% probability to be traded between $96.41 and $105.34 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RZV Signals & Forecast
There are mixed signals in the ETF today. The Invesco S&P SmallCap 600 Pure Value ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $102.43. On a fall, the ETF will find some support from the short-term average at $100.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.58%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Invesco S&P SmallCap 600 Pure Value ETF
Invesco S&P SmallCap 600 Pure Value finds support from accumulated volume at $100.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.83 between high and low, or 0.83%. For the last week the ETF has had daily average volatility of 0.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RZV) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Invesco S&P SmallCap 600 Pure Value ETF to open at $100.67, and during the day (based on 14 day Average True Range), to move between $99.04 and $102.22, which gives a possible trading interval of +/-$1.59 (+/-1.58%) up or down from last closing price. If Invesco S&P SmallCap 600 Pure Value ETF takes out the full calculated possible swing range there will be an estimated 3.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $100.49 (0.14%) than the resistance at $103.59 (2.94%), 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 S&P SmallCap 600 Pure Value ETF ETF A Buy?
Invesco S&P SmallCap 600 Pure Value holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.527 Sell Candidate Unchanged
Predicted Opening Price for Invesco S&P SmallCap 600 Pure Value ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $100.67 ( 0.0369%) | $100.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RZV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 101.50 | 0.86 % | |
| R2 | 101.18 | 0.547 % | ||
| R1 | 100.98 | 0.352 % | ||
| Current price: | 100.63 | |||
| Support | S1 | 100.35 | -0.279 % | |
| S2 | 100.15 | -0.474 % | ||
| S3 | 99.84 | -0.789 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 104.96 | 4.30 % | |
| R2 | 103.94 | 3.29 % | ||
| R1 | 103.59 | 2.94 % | ||
| Current price | 100.63 | |||
| Support | S1 | 100.49 | -0.137% | |
| S2 | 100.38 | -0.248% | ||
| S3 | 98.10 | -2.52% |
RZV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.328 | 0.316% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.285 | 0.273% |
| 3 | Jan 02, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.272 | 0.301% |
| 4 | Jan 02, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.335 | 0.377% |
| 5 | Jan 02, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.315 | 0.368% |
FAQ
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