Invesco Russell 2000 Ucits Etf ETF Forecast

Invesco Russell 2000 Ucits Etf ETF price ended at 94.60€ on Friday, after losing 0.337%.
(Updated on Jun 21, 2024)

SC0K.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.35%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invesco Russell 2000 Ucits Etf 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 95.32€. On a fall, the ETF will find some support from the short-term average at 94.32€. 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. 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 very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Invesco Russell 2000 Ucits Etf ETF

Invesco Russell 2000 Ucits Etf finds support from accumulated volume at 94.52€ 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 0.520€ between high and low, or 0.552%. For the last week the ETF has had daily average volatility of 0.626%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SC0K.F) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Invesco Russell 2000 Ucits Etf to open at 94.49€, and during the day (based on 14 day Average True Range), to move between 93.61€ and 95.59€, which gives a possible trading interval of +/-0.99€ (+/-1.05%) up or down from last closing price. If Invesco Russell 2000 Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 94.52€ (0.08%) than the resistance at 95.43€ (0.88%), 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 Russell 2000 Ucits Etf ETF A Buy?

Invesco Russell 2000 Ucits Etf 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: -1.468 Sell Candidate Unchanged

Predicted Opening Price for Invesco Russell 2000 Ucits Etf of Monday, June 24, 2024

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