Invesco S&p 500 Ucits Etf ETF Forecast

Invesco S&p 500 Ucits Etf ETF price down 0% on Tuesday
(Updated on Jun 25, 2024)

SPXD.SW Signals & Forecast

The Invesco S&p 500 Ucits Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 50.75 Fr. On a fall, the ETF will find some support from the long-term average at approximately 49.26 Fr. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.705%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Invesco S&p 500 Ucits Etf ETF

Invesco S&p 500 Ucits Etf finds support from accumulated volume at 48.80 Fr 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 Fr between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.126%

Our recommended stop-loss: 48.85 Fr (-3.71%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)

Trading Expectations (SPXD.SW) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Invesco S&p 500 Ucits Etf to open at 50.73 Fr, and during the day (based on 14 day Average True Range), to move between 50.46 Fr and 51.00 Fr, which gives a possible trading interval of +/-0.265 Fr (+/-0.52%) up or down from last closing price. If Invesco S&p 500 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 50.80 Fr (0.14%) than the support at 48.80 Fr (3.80%), 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 Ucits Etf ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Invesco S&p 500 Ucits Etf ETF to perform well in the short-term.

Current score: 1.425 Buy Candidate Unchanged

Predicted Opening Price for Invesco S&p 500 Ucits Etf of Wednesday, June 26, 2024

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