Invesco S&P 500 Enhanced Value ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Invesco S&P 500 Enhanced Value
(Updated on Jun 28, 2024)
The Invesco S&P 500 Enhanced Value ETF price gained 0.643% on the last trading day (Friday, 28th Jun 2024), rising from $47.41 to $47.71. During the last trading day the ETF fluctuated 0.522% from a day low at $47.70 to a day high of $47.95. The price has been going up and down for this period, and there has been a 0.8% gain for the last 2 weeks. Volume fell on the last day by -29 thousand shares and in total, 18 thousand shares were bought and sold for approximately $871.14 thousand. 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 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 -2.59% during the next 3 months and, with a 90% probability hold a price between $44.79 and $47.34 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
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.58%. 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 S&P 500 Enhanced Value 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 $48.07. On a fall, the ETF will find some support from the short-term average at $47.68. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
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 7.00% 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 $47.57 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 $0.249 between high and low, or 0.522%. For the last week the ETF has had daily average volatility of 0.799%
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Invesco S&P 500 Enhanced Value ETF to open at $47.79, and during the day (based on 14 day Average True Range), to move between $47.25 and $48.17, which gives a possible trading interval of +/-$0.458 (+/-0.96%) 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 1.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $47.57 (0.30%) than the resistance at $48.07 (0.74%), 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: -2.923 Sell Candidate Unchanged
Predicted Opening Price for Invesco S&P 500 Enhanced Value ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $47.79 ( 0.160%) | $47.71 |
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 | 48.04 | 0.682% |
| R2 | 47.94 | 0.483% |
| R1 | 47.88 | 0.359% |
| Price | 47.71 | |
| S1 | 47.69 | -0.0394% |
| S2 | 47.63 | -0.163% |
| S3 | 47.54 | -0.362% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 49.55 | 3.86% |
| R2 | 48.80 | 2.28% |
| R1 | 48.07 | 0.744% |
| Price | 47.71 | |
| S1 | 47.57 | -0.304% |
| S2 | 47.48 | -0.482% |
| S3 | 47.41 | -0.629% |
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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