Invesco Physical Silver Etc 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
Stronger technical forecast for Invesco Physical Silver Etc ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Invesco Physical Silver Etc ETF price gained 1.47% on the last trading day (Friday, 28th Jun 2024), rising from £27.56 to £27.97. During the last trading day the ETF fluctuated 1.07% from a day low at £27.95 to a day high of £28.25. The price has fallen in 5 of the last 10 days but is still up by 0.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately £112.64 thousand.
The ETF lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £27.03 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 10.57% during the next 3 months and, with a 90% probability hold a price between £29.89 and £35.44 at the end of this 3-month period.
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SSLV.L Signals & Forecast
Invesco Physical Silver Etc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invesco Physical Silver Etc 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 £28.10 and £28.58. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -8.97%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Monday, January 29, 2024 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, January 29, 2024 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 Physical Silver Etc ETF
Invesco Physical Silver Etc finds support from accumulated volume at £27.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved £0.300 (1.07%) between high and low. For the last week, the ETF has had daily average volatility of 1.00%.
Our recommended stop-loss: £26.27 (-6.06%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (SSLV.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Invesco Physical Silver Etc to open at £28.06, and during the day (based on 14 day Average True Range), to move between £27.36 and £28.57, which gives a possible trading interval of +/-£0.605 (+/-2.16%) up or down from last closing price. If Invesco Physical Silver Etc takes out the full calculated possible swing range there will be an estimated 4.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £28.26 (1.05%) than the support at £27.66 (1.09%), 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 Physical Silver Etc ETF A Buy?
Invesco Physical Silver Etc 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Invesco Physical Silver Etc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £28.06 ( 0.322%) | £27.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SSLV.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.36 | 1.39% |
| R2 | 28.24 | 0.98% |
| R1 | 28.17 | 0.732% |
| Price | 27.97 | |
| S1 | 27.94 | -0.0880% |
| S2 | 27.87 | -0.341% |
| S3 | 27.76 | -0.751% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.54 | 9.21% |
| R2 | 30.00 | 7.28% |
| R1 | 28.26 | 1.05% |
| Price | 27.97 | |
| S1 | 27.66 | -1.09% |
| S2 | 27.33 | -2.27% |
| S3 | 25.14 | -10.10% |
FAQ
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