Invesco Morningstar Us Energy ETF Forecast

Invesco Morningstar Us Energy ETF price ended at 46.87€ on Thursday, after gaining 0.0320%.
(Updated on Jun 27, 2024)

SMLD.F Signals & Forecast

The Invesco Morningstar Us Energy ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 46.30€ and 46.48€. A breakdown below any of these levels will issue sell signals. 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 Tuesday, June 25, 2024, and so far it has fallen -0.107%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, June 06, 2024 in the short-term chart.

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 Morningstar Us Energy ETF

Invesco Morningstar Us Energy finds support from accumulated volume at 46.76€ 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 0.170€ between high and low, or 0.363%. For the last week the ETF has had daily average volatility of 0.681%

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

Trading Expectations (SMLD.F) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Invesco Morningstar Us Energy Infrastructure Mlp Ucits Etf to open at 46.87€, and during the day (based on 14 day Average True Range), to move between 46.37€ and 47.37€, which gives a possible trading interval of +/-0.503€ (+/-1.07%) up or down from last closing price. If Invesco Morningstar Us Energy Infrastructure Mlp Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 46.90€ (0.06%) than the support at 46.76€ (0.23%), 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 Morningstar Us Energy Infrastructure Mlp Ucits Etf ETF A Buy?

Invesco Morningstar Us Energy holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -2.324 Sell Candidate Unchanged

Predicted Opening Price for Invesco Morningstar Us Energy Infrastructure Mlp Ucits Etf of Friday, June 28, 2024

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