Invesco Us Treasury Bond 3-7 Year Ucits ETF Forecast

Weaker technical forecast for Invesco Us Treasury Bond 3-7 Year Ucits as ETF downgraded to Hold/Accumulate.
(Updated on Jun 19, 2024)

TRE7.L Signals & Forecast

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 Us Treasury Bond 3-7 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 $37.39 and $37.30. 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 -1.24%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, May 02, 2024 in the short-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 Us Treasury Bond 3-7 Year Ucits ETF

Invesco Us Treasury Bond 3-7 Year Ucits finds support from accumulated volume at $37.26 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 0.145%

Our recommended stop-loss: $35.66 (-4.34%) (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 (TRE7.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Invesco Us Treasury Bond 3-7 Year Ucits Etf to open at $37.28, and during the day (based on 14 day Average True Range), to move between $37.13 and $37.43, which gives a possible trading interval of +/-$0.148 (+/-0.40%) up or down from last closing price. If Invesco Us Treasury Bond 3-7 Year Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $37.26 (0.05%) than the resistance at $37.44 (0.43%), 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 3-7 Year Ucits Etf ETF A Buy?

Invesco Us Treasury Bond 3-7 Year Ucits 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. 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 Hold/Accumulate candidate.

Current score: -0.584 Hold/Accumulate Downgraded

Predicted Opening Price for Invesco Us Treasury Bond 3-7 Year Ucits Etf of Thursday, June 20, 2024

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