Invesco S&P SmallCap Low Volatility ETF Forecast
Invesco S&P SmallCap Low Volatility ETF upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The Invesco S&P SmallCap Low Volatility ETF price fell by -0.577% on the last day (Tuesday, 25th Jun 2024) from $43.33 to $43.08. During the last trading day the ETF fluctuated 0.84% from a day low at $42.89 to a day high of $43.25. The price has fallen in 6 of the last 10 days but is still up by 0.37% over the past 2 weeks. 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, 12 thousand shares were bought and sold for approximately $523.64 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Invesco S&P SmallCap Low Volatility ETF with a 90% probability to be traded between $42.57 and $45.49 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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XSLV Signals & Forecast
There are mixed signals in the ETF today. The Invesco S&P SmallCap Low Volatility 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 $43.09 and $43.66. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.796%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Invesco S&P SmallCap Low Volatility ETF
Invesco S&P SmallCap Low Volatility finds support from accumulated volume at $42.92 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 $0.360 between high and low, or 0.84%. For the last week the ETF has had daily average volatility of 0.83%
Our recommended stop-loss: $40.44 (-6.12%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (XSLV) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Invesco S&P SmallCap Low Volatility ETF to open at $43.07, and during the day (based on 14 day Average True Range), to move between $42.63 and $43.53, which gives a possible trading interval of +/-$0.447 (+/-1.04%) up or down from last closing price. If Invesco S&P SmallCap Low Volatility ETF takes out the full calculated possible swing range there will be an estimated 2.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $43.10 (0.03%) than the support at $42.92 (0.37%), 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 S&P SmallCap Low Volatility ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Invesco S&P SmallCap Low Volatility ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.049 Buy Candidate Upgraded
Predicted Opening Price for Invesco S&P SmallCap Low Volatility ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $43.07 ( 0.0155%) | $43.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XSLV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.43 | 0.82% |
| R2 | 43.30 | 0.501% |
| R1 | 43.21 | 0.304% |
| Price | 43.08 | |
| S1 | 42.94 | -0.335% |
| S2 | 42.85 | -0.532% |
| S3 | 42.71 | -0.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.76 | 1.58% |
| R2 | 43.27 | 0.441% |
| R1 | 43.10 | 0.0348% |
| Price | 43.08 | |
| S1 | 42.92 | -0.368% |
| S2 | 42.74 | -0.790% |
| S3 | 42.54 | -1.25% |
XSLV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.270 | 0.623% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.302 | 0.694% |
| 3 | Jan 02, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.199 | 0.501% |
| 4 | Jan 02, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.195 | 0.498% |
| 5 | Jan 02, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.342 | 0.82% |
FAQ
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