Invesco S&P 500 Enhanced Value ETF Forecast
Invesco S&P 500 Enhanced Value ETF price down 1.04% on Tuesday
(Updated on Jun 25, 2024)
The Invesco S&P 500 Enhanced Value ETF price fell by -1.04% on the last day (Tuesday, 25th Jun 2024) from $48.07 to $47.57. During the last trading day the ETF fluctuated 0.82% from a day low at $47.45 to a day high of $47.84. The price has been going up and down for this period, and there has been a -1.16% loss for the last 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 -39 thousand shares and in total, 48 thousand shares were bought and sold for approximately $2.28 million.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.69% during the next 3 months and, with a 90% probability hold a price between $44.77 and $47.33 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SPVU Signals & Forecast
There are mixed signals in the ETF today. The Invesco S&P 500 Enhanced Value 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 $47.57 and $48.13. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.27%. 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).
A buy signal from a double bottom formation was found on Friday, June 14, 2024 and based on theory for this formation the price should go up by 7.33% to $51.05 within 42 trading days since signal was issued (Thursday, August 15, 2024).
Support, Risk & Stop-loss for Invesco S&P 500 Enhanced Value ETF
Invesco S&P 500 Enhanced Value finds support from accumulated volume at $47.48 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 $0.390 between high and low, or 0.82%. For the last week the ETF has had daily average volatility of 0.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SPVU) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Invesco S&P 500 Enhanced Value ETF to open at $47.62, and during the day (based on 14 day Average True Range), to move between $47.09 and $48.04, which gives a possible trading interval of +/-$0.471 (+/-0.99%) up or down from last closing price. If Invesco S&P 500 Enhanced Value ETF takes out the full calculated possible swing range there will be an estimated 1.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $47.48 (0.18%) than the resistance at $48.07 (1.05%), 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 S&P 500 Enhanced Value ETF ETF A Buy?
Invesco S&P 500 Enhanced Value 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: -3.460 Sell Candidate Unchanged
Predicted Opening Price for Invesco S&P 500 Enhanced Value ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $47.62 ( 0.112%) | $47.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPVU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48.01 | 0.93% |
| R2 | 47.86 | 0.619% |
| R1 | 47.77 | 0.425% |
| Price | 47.57 | |
| S1 | 47.47 | -0.201% |
| S2 | 47.38 | -0.395% |
| S3 | 47.23 | -0.708% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 49.55 | 4.17% |
| R2 | 48.80 | 2.60% |
| R1 | 48.07 | 1.05% |
| Price | 47.57 | |
| S1 | 47.48 | -0.179% |
| S2 | 47.41 | -0.326% |
| S3 | 47.33 | -0.494% |
SPVU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.326 | 0.669% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.357 | 0.81% |
| 3 | Jan 02, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.359 | 0.89% |
| 4 | Jan 02, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.258 | 0.657% |
| 5 | Jan 02, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.372 | 0.98% |
FAQ
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