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Invesco S&P 500 High Beta ETF upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 01, 2024 Gain 7.45% PDF

The Invesco S&P 500 High Beta ETF price gained 2.12% on the last trading day (Wednesday, 27th Mar 2024), rising from $85.56 to $87.37. During the last trading day the ETF fluctuated 1.72% from a day low at $85.89 to a day high of $87.37. The price has been going up and down for this period, and there has been a 2.15% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 163 thousand more shares were traded than the day before. In total, 385 thousand shares were bought and sold for approximately $33.66 million.

The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 7.90% during the next 3 months and, with a 90% probability hold a price between $90.10 and $96.88 at the end of this 3-month period.

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SPHB Signals & Forecast

The Invesco S&P 500 High Beta ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $85.89 and $84.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 11.70%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Friday, April 14, 2023 in the long-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.

Buy
Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Friday, April 14, 2023 in the long-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 S&P 500 High Beta ETF

Invesco S&P 500 High Beta finds support from accumulated volume at $85.66 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 $1.48 between high and low, or 1.72%. For the last week the ETF has had daily average volatility of 1.08%.

Our recommended stop-loss: $84.00 (-3.86%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)

Trading Expectations (SPHB) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Invesco S&P 500 High Beta ETF to open at $86.88, and during the day (based on 14 day Average True Range), to move between $86.17 and $88.57, which gives a possible trading interval of +/-$1.20 (+/-1.37%) up or down from last closing price. If Invesco S&P 500 High Beta ETF takes out the full calculated possible swing range there will be an estimated 2.74% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $85.66, some $1.71 (1.96%) from the current price of $87.37, our system finds the risk reward attractive.

Is Invesco S&P 500 High Beta ETF ETF A Buy?

Invesco S&P 500 High Beta holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.214 Strong Buy Candidate Upgraded

Predicted Opening Price for Invesco S&P 500 High Beta ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$86.88 ( 0.565%) $87.37

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

Trading levels for SPHB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 88.36 1.13 %
R2 87.79 0.482 %
R1 87.44 0.0824 %
Current price: 87.37
Support S1 86.31 -1.21 %
S2 85.96 -1.61 %
S3 85.40 -2.26 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 87.37
Support S1 85.66 -1.96%
S2 81.11 -7.16%
S3 80.61 -7.74%

SPHB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 18, 2024 Mar 18, 2024 Mar 22, 2024 $0.266 0.309%
2 Dec 18, 2023 Dec 18, 2023 Dec 18, 2023 $0.169 0.208%
3 Jan 02, 2023 Sep 18, 2023 Sep 22, 2023 $0.175 0.251%
4 Jan 02, 2023 Jun 20, 2023 Jun 23, 2023 $0.134 0.183%
5 Jan 02, 2023 Mar 20, 2023 Mar 24, 2023 $0.124 0.186%

FAQ

What is the symbol for Invesco S&P 500 High Beta ETF ETF and on which exchange is it traded?
The symbol for Invesco S&P 500 High Beta ETF is SPHB and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell Invesco S&P 500 High Beta ETF ETF?
Invesco S&P 500 High Beta holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Invesco S&P 500 High Beta ETF ETF?
Invesco S&P 500 High Beta ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Invesco S&P 500 High Beta ETF ETF.

What's the current price of Invesco S&P 500 High Beta ETF ETF?
As of the end of day on the 2024-03-27, the price of an Invesco S&P 500 High Beta ETF (SPHB) share was $87.37.

What is the 52-week high and low for Invesco S&P 500 High Beta ETF ETF?
The 52-week high for Invesco S&P 500 High Beta ETF ETF is $87.37 and the 52-week low is $63.15.

What is the market capitalization of Invesco S&P 500 High Beta ETF ETF?
As of the 2024-03-27, the market capitalization of Invesco S&P 500 High Beta ETF is 501.26M.
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About Invesco S&P 500 High Beta ETF

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to measure the performance of the 100 constituents of the S&P 500 ® Index that have the highest sensitivity to market returns, or â??beta,â?� over the past 12 months a... SPHB Profile

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