Invesco Markets Plc - Invesco Energy S&p ETF Forecast

Invesco Markets Plc - Invesco Energy S&p ETF price ended at $586.44 on Wednesday, after losing 0.82%.
(Updated on Jun 19, 2024)

XLES.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.253%. 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 Markets Plc - Invesco Energy S&p 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 $590.14 and $610.42. 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 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.

Support, Risk & Stop-loss for Invesco Markets Plc - Invesco Energy S&p ETF

Invesco Markets Plc - Invesco Energy S&p finds support from accumulated volume at $584.96 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 1.01%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (XLES.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Invesco Markets Plc - Invesco Energy S&p Us Select Sector Ucits Etf to open at $586.44, and during the day (based on 14 day Average True Range), to move between $578.88 and $594.00, which gives a possible trading interval of +/-$7.56 (+/-1.29%) up or down from last closing price. If Invesco Markets Plc - Invesco Energy S&p Us Select Sector Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $584.96 (0.25%) than the resistance at $594.87 (1.44%), 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 Markets Plc - Invesco Energy S&p Us Select Sector Ucits Etf ETF A Buy?

Invesco Markets Plc - Invesco Energy S&p holds several negative signals and is within a 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.

Current score: -1.043 Sell Candidate Unchanged

Predicted Opening Price for Invesco Markets Plc - Invesco Energy S&p Us Select Sector Ucits Etf of Thursday, June 20, 2024

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