Invesco Us Treasury Bond Ucits Etf ETF Forecast
Red day on Wednesday for Invesco Us Treasury Bond Ucits Etf
(Updated on Jun 26, 2024)
The Invesco Us Treasury Bond Ucits Etf ETF price fell by -0.180% on the last day (Wednesday, 26th Jun 2024) from £3,341.50 to £3,335.50. During the last trading day the ETF fluctuated 0.180% from a day low at £3,335.50 to a day high of £3,341.50. The price has fallen in 6 of the last 10 days and is down by -1.05% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately £5.06 million.
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 Ucits Etf ETF with a 90% probability to be traded between £3,346.94 and £3,422.76 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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TRGB.L Signals & Forecast
The Invesco Us Treasury Bond 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 £3,340.65. On a fall, the ETF will find some support from the long-term average at approximately £3,334.12. 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. 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 Wednesday, June 12, 2024, and so far it has fallen -1.05%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Invesco Us Treasury Bond Ucits Etf ETF
Invesco Us Treasury Bond Ucits Etf finds support from accumulated volume at £3,327.50 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved £6.00 between high and low, or 0.180%. For the last week the ETF has had daily average volatility of 0.380%.
Our recommended stop-loss: £3,181.32 (-4.62%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (TRGB.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Invesco Us Treasury Bond Ucits Etf to open at £3,337.50, and during the day (based on 14 day Average True Range), to move between £3,320.40 and £3,350.60, which gives a possible trading interval of +/-£15.10 (+/-0.45%) up or down from last closing price. If Invesco Us Treasury Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £3,336.00 (0.01%) than the support at £3,327.50 (0.24%), 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 Us Treasury Bond Ucits Etf ETF A Buy?
Invesco Us Treasury Bond Ucits Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.302 Hold/Accumulate Unchanged
Predicted Opening Price for Invesco Us Treasury Bond Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £3,337.50 ( 0.0600%) | £3,335.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRGB.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,343.50 | 0.240% |
| R2 | 3,341.21 | 0.171% |
| R1 | 3,339.79 | 0.129% |
| Price | 3,335.50 | |
| S1 | 3,335.21 | -0.0088% |
| S2 | 3,333.79 | -0.0512% |
| S3 | 3,331.50 | -0.120% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,371.00 | 1.06% |
| R2 | 3,347.00 | 0.345% |
| R1 | 3,336.00 | 0.0150% |
| Price | 3,335.50 | |
| S1 | 3,327.50 | -0.240% |
| S2 | 3,325.50 | -0.300% |
| S3 | 3,287.00 | -1.45% |
FAQ
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