Invesco Us Treasury Bond 1-3 Year Ucits ETF Forecast
Invesco Us Treasury Bond 1-3 Year Ucits ETF downgraded to Sell Candidate
(Updated on Jun 19, 2024)
The Invesco Us Treasury Bond 1-3 Year Ucits ETF price gained 0.0115% on the last trading day (Wednesday, 19th Jun 2024), rising from £3,661.04 to £3,661.46. During the last trading day the ETF fluctuated 0% from a day low at £3,661.46 to a day high of £3,661.46. The price has risen in 6 of the last 10 days but is still down by -0.61% for this period. Volume fell on the last day by -2 shares and in total, 0 shares were bought and sold for approximately £0 . 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 has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately £3,661.99 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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T3GB.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.0126%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invesco Us Treasury Bond 1-3 Year Ucits 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 £3,674.35 and £3,676.76. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Invesco Us Treasury Bond 1-3 Year Ucits ETF
Invesco Us Treasury Bond 1-3 Year Ucits finds support from accumulated volume at £3,659.50 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0682%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (T3GB.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Invesco Us Treasury Bond 1-3 Year Ucits Etf Gbp Hdg Dist to open at £3,661.46, and during the day (based on 14 day Average True Range), to move between £3,655.59 and £3,667.33, which gives a possible trading interval of +/-£5.87 (+/-0.16%) up or down from last closing price. If Invesco Us Treasury Bond 1-3 Year Ucits Etf Gbp Hdg Dist takes out the full calculated possible swing range there will be an estimated 0.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £3,659.50 (0.05%) than the resistance at £3,668.00 (0.18%), 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 Us Treasury Bond 1-3 Year Ucits Etf Gbp Hdg Dist ETF A Buy?
Invesco Us Treasury Bond 1-3 Year Ucits holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.199 Sell Candidate Downgraded
Predicted Opening Price for Invesco Us Treasury Bond 1-3 Year Ucits Etf Gbp Hdg Dist of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £3,661.46 ( 0.00000000%) | £3,661.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for T3GB.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,661.46 | 0.00000000% |
| R2 | 3,661.46 | 0.00000000% |
| R1 | 3,661.46 | 0.00000000% |
| Price | 3,661.46 | |
| S1 | 3,661.46 | 0.00000000% |
| S2 | 3,661.46 | 0.00000000% |
| S3 | 3,661.46 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,690.50 | 0.793% |
| R2 | 3,674.00 | 0.342% |
| R1 | 3,668.00 | 0.179% |
| Price | 3,661.46 | |
| S1 | 3,659.50 | -0.0535% |
| S2 | 3,657.00 | -0.122% |
| S3 | 3,655.50 | -0.163% |
FAQ
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