Invesco Msci Europe Ucits Etf ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Invesco Msci Europe Ucits Etf
(Updated on Jun 28, 2024)
The Invesco Msci Europe Ucits Etf ETF price fell by -0.207% on the last day (Friday, 28th Jun 2024) from 337.70€ to 337.00€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.669% from a day low at 336.55€ to a day high of 338.80€. The price has fallen in 6 of the last 10 days but is still up by 0.16% over the past 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 -145 shares and in total, 680 shares were bought and sold for approximately 229.16€ thousand.
Given the current short-term trend, the ETF is expected to rise 5.12% during the next 3 months and, with a 90% probability hold a price between 354.24€ and 367.74€ at the end of this 3-month period.
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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 339.54€ and 340.93€. 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 -2.45%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. 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.
Golden Star
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.
Golden Star 12 Months
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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 2.25€ between high and low, or 0.669%. For the last week the ETF has had daily average volatility of 0.795%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SC0E.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Invesco Msci Europe Ucits Etf to open at 337.45€, and during the day (based on 14 day Average True Range), to move between 334.33€ and 339.67€, which gives a possible trading interval of +/-2.67€ (+/-0.79%) 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 1.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 337.70€ (0.21%) than the support at 330.00€ (2.08%), 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?
The Invesco Msci Europe Ucits Etf ETF holds several negative signals and despite the positive trend, we believe Invesco Msci Europe Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.066 Sell Candidate Unchanged
Predicted Opening Price for Invesco Msci Europe Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 337.45€ ( 0.134%) | 337.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SC0E.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 339.70 | 0.80% |
| R2 | 338.84 | 0.546% |
| R1 | 338.31 | 0.389% |
| Price | 337.00 | |
| S1 | 336.59 | -0.122% |
| S2 | 336.06 | -0.279% |
| S3 | 335.20 | -0.534% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 343.35 | 1.88% |
| R2 | 340.60 | 1.07% |
| R1 | 337.70 | 0.208% |
| Price | 337.00 | |
| S1 | 330.00 | -2.08% |
| S2 | 328.60 | -2.49% |
| S3 | 324.20 | -3.80% |
FAQ
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