IVZ Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Invesco Ltd (IVZ) is currently showing bearish momentum, with the stock recently crossing below its 200-day moving average, a key technical indicator. The stock is trading at $15.27 as of the latest data, with a 52-week range of $14.16 to $19.55. The Relative Strength Index (RSI) for IVZ is at 20.64 (RSI_6), 27.16 (RSI_12), and 29.15 (RSI_14), all of which are below 30, indicating oversold conditions. The Stochastic Oscillator is also in oversold territory, with values of 12.58 for %K and 11.74 for %D. The MACD is negative at -0.56, with a bearish signal line.
Support and Resistance Levels:
The stock is approaching its lower Bollinger Band, which could act as a support level. The Fibonacci support levels are at $14.92 (S1) and $13.89 (S3), while resistance levels are at $17.62 (R1) and $19.29 (R3). The pivot point is at $16.59.
News Sentiment and Fundamental Analysis:
Recent news indicates improving fundamentals for IVZ, with its rating increasing from 71% to 83% based on David Dreman's contrarian strategy, suggesting growing interest in the stock. However, the stock has been under pressure, with a 2.30% decline in regular market trading. The launch of managed futures ETFs by Invesco could be a positive catalyst, but the broader market sentiment remains bearish.
Price Prediction and Recommendation:
Given the oversold conditions and approaching support levels, IVZ may experience a slight rebound in the next trading week. However, the overall bearish trend suggests limited upside. Based on technical indicators and news sentiment, the stock is expected to trade between $15.50 and $16.50 next week.
Recommendation: Buy IVZ at the current price of $15.27, with a target price of $16.50. Consider setting a stop-loss at $14.92 to limit potential losses.
IVZ Similar Chart Price Prediction
The price of IVZ is predicted to go up 15.4%, based on the high correlation periods with QVCC. The similarity of these two price pattern on the periods is 96.73%.
IVZ
QVCC
Up: 15.4%Similarity: 96.73%
IVZ Revenue Forecast
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IVZ VS S&P500
With $1.663 trillion in AUM at the end of March 2024, Invesco is in the second-largest tier of U.S.-based asset managers, which includes firms like Pimco and Capital Group.
Invesco's balanced fund operations had 78% and 92% of its actively managed assets outperforming peers on a three- and five-year basis, respectively, at the end of the fourth quarter of 2023.
The firm's fixed-income funds have also held up well, with 76% and 85% of actively managed bond fund assets outperforming peers on a three- and five-year basis, respectively, at the end of December 2023.
IVZ Analyst's Forecast
Benjamin Budish
Barclays
Hold
2025-01-17
Price Target
$19 → $18
Upside
+4.65%
Barclays analyst Benjamin Budish lowered the firm's price target on Invesco to $18 from $19 and keeps an Equal Weight rating on the shares as part of a Q4 preview for the brokers, asset managers and exchanges. The firm updated its asset manager models to reflect full quarterly flow and assets under management metrics. Estimates are generally coming down due to lower market performance across the quarter, the analyst tells investors in a research note.
Michael Cyprys
Morgan Stanley
Hold
2024-12-20
Price Target
$18 → $19
Upside
+9.64%
Brian Bedell
Deutsche Bank
Hold
2024-11-11
Price Target
$18 → $19
Upside
+3.88%
