Invesco Us Treasury Bond 7-10 Year Ucits ETF Forecast
Evaluation of Invesco Us Treasury Bond 7-10 Year Ucits ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Invesco Us Treasury Bond 7-10 Year Ucits ETF price fell by -0.250% on the last day (Friday, 28th Jun 2024) from 31.55€ to 31.47€. During the last trading day the ETF fluctuated 0.210% from a day low at 31.47€ to a day high of 31.54€. The price has been going up and down for this period, and there has been a -0.7% loss for the last 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 thousand shares were bought and sold for approximately 122.48€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Invesco Us Treasury Bond 7-10 Year Ucits ETF with a 90% probability to be traded between 31.76€ and 32.60€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TRDE.F Signals & Forecast
There are few to no technical positive signals at the moment. The Invesco Us Treasury Bond 7-10 Year Ucits ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 31.55€ and 31.52€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -1.41%. 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). Invesco Us Treasury Bond 7-10 Year Ucits gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Invesco Us Treasury Bond 7-10 Year Ucits ETF
Invesco Us Treasury Bond 7-10 Year Ucits finds support from accumulated volume at 31.46€ 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 0.0660€ between high and low, or 0.210%. For the last week the ETF has had daily average volatility of 0.286%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRDE.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Invesco Us Treasury Bond 7-10 Year Ucits Etf to open at 31.49€, and during the day (based on 14 day Average True Range), to move between 31.33€ and 31.61€, which gives a possible trading interval of +/-0.140€ (+/-0.44%) up or down from last closing price. If Invesco Us Treasury Bond 7-10 Year Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 31.46€ (0.03%) than the resistance at 31.49€ (0.07%), 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 7-10 Year Ucits Etf ETF A Buy?
Invesco Us Treasury Bond 7-10 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 Buy to a Sell candidate.
Current score: -2.289 Sell Candidate Downgraded
Predicted Opening Price for Invesco Us Treasury Bond 7-10 Year Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 31.49€ ( 0.0699%) | 31.47€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRDE.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.56 | 0.280% |
| R2 | 31.53 | 0.200% |
| R1 | 31.52 | 0.150% |
| Price | 31.47 | |
| S1 | 31.47 | -0.0102% |
| S2 | 31.45 | -0.0597% |
| S3 | 31.43 | -0.140% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.83 | 1.15% |
| R2 | 31.60 | 0.416% |
| R1 | 31.49 | 0.0667% |
| Price | 31.47 | |
| S1 | 31.46 | -0.0286% |
| S2 | 31.20 | -0.85% |
| S3 | 30.80 | -2.13% |
FAQ
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