Invesco Msci Europe Ucits Etf ETF Forecast

Invesco Msci Europe Ucits Etf ETF upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)

SC0E.F Signals & Forecast

There are few to no technical positive signals at the moment. The Invesco Msci Europe Ucits Etf 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 339.95€ and 341.05€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.85%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Invesco Msci Europe Ucits 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". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, April 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, August 28, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Invesco Msci Europe Ucits Etf ETF

Invesco Msci Europe Ucits Etf finds support from accumulated volume at 330.00€ 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 3.40€ between high and low, or 1.00%. For the last week the ETF has had daily average volatility of 0.628%.

Our recommended stop-loss: 328.13€ (-3.22%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (SC0E.F) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Invesco Msci Europe Ucits Etf to open at 339.98€, and during the day (based on 14 day Average True Range), to move between 336.48€ and 341.62€, which gives a possible trading interval of +/-2.57€ (+/-0.76%) up or down from last closing price. If Invesco Msci Europe Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 340.50€ (0.43%) than the support at 330.00€ (2.67%), 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 Msci Europe Ucits Etf ETF A Buy?

Invesco Msci Europe Ucits Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.789 Hold/Accumulate Upgraded

Predicted Opening Price for Invesco Msci Europe Ucits Etf of Thursday, June 27, 2024

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