Invesco S&P 500 Low Volatility ETF Forecast
Green day on Tuesday for Invesco S&P 500 Low Volatility
(Updated on Jul 02, 2024)
The Invesco S&P 500 Low Volatility ETF price gained 0.449% on the last trading day (Tuesday, 2nd Jul 2024), rising from $64.57 to $64.86. During the last trading day the ETF fluctuated 0.543% from a day low at $64.51 to a day high of $64.86. The price has fallen in 6 of the last 10 days and is down by -0.76% for this period. Volume fell on the last day by -382 thousand shares and in total, 927 thousand shares were bought and sold for approximately $60.10 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a narrow and 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 2.69% during the next 3 months and, with a 90% probability hold a price between $65.83 and $68.78 at the end of this 3-month period.
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SPLV Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invesco S&P 500 Low Volatility 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 $65.23 and $65.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.99%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Friday, May 03, 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.
Golden Star
The ETF had a Golden Star Signal on Friday, May 03, 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.
A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -2.47% to $63.26 within 24 trading days since signal was issued (Monday, July 29, 2024).
Support, Risk & Stop-loss for Invesco S&P 500 Low Volatility ETF
Invesco S&P 500 Low Volatility finds support from accumulated volume at $63.73 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 $0.350 between high and low, or 0.543%. For the last week the ETF has had daily average volatility of 0.769%.
Our recommended stop-loss: $62.46 (-3.70%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (SPLV) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Invesco S&P 500 Low Volatility ETF to open at $64.74, and during the day (based on 14 day Average True Range), to move between $64.31 and $65.41, which gives a possible trading interval of +/-$0.553 (+/-0.85%) up or down from last closing price. If Invesco S&P 500 Low Volatility ETF takes out the full calculated possible swing range there will be an estimated 1.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $65.00 (0.22%) than the support at $63.73 (1.74%), 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 S&P 500 Low Volatility ETF ETF A Buy?
Invesco S&P 500 Low Volatility 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.
Current score: -0.389 Hold/Accumulate Unchanged
Predicted Opening Price for Invesco S&P 500 Low Volatility ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $64.74 ( 0.180%) | $64.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPLV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 65.09 | 0.360% |
| R2 | 64.96 | 0.154% |
| R1 | 64.88 | 0.0263% |
| Price | 64.86 | |
| S1 | 64.61 | -0.386% |
| S2 | 64.53 | -0.513% |
| S3 | 64.39 | -0.719% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 65.39 | 0.82% |
| R2 | 65.23 | 0.570% |
| R1 | 65.00 | 0.216% |
| Price | 64.86 | |
| S1 | 63.73 | -1.74% |
| S2 | 63.72 | -1.76% |
| S3 | 62.61 | -3.47% |
SPLV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 05, 2024 | May 20, 2024 | May 24, 2024 | $0.110 | 0.170% |
| 2 | Jan 05, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.111 | 0.174% |
| 3 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.114 | 0.175% |
| 4 | Jan 05, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.122 | 0.189% |
| 5 | Jan 05, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.129 | 0.204% |
FAQ
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