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Invesco says the Middle East conflict and oil supply disruption are pressuring markets and testing investor confidence.
The company says no one knows how long the conflict will last. Invesco currently prefers economic and market indicators such as credit spreads, inflation expectations, and rate cut expectations.
IVZ is currently trading at $23.20, which places it below the MA-20 ($23.95) and well beneath MA-50 ($25.90), signaling short- and medium-term downside pressure. The price sits just above the MA-200 ($23.18), suggesting tentative long-term support, while the Ichimoku Kijun level at $24.84 now acts as immediate resistance. Near-term support is seen at the MA-200 ($23.18), with key support lower at MA-100 ($25.73), while immediate resistance is the Kijun ($24.84) and key resistance is at MA-50 ($25.90).
Momentum signals on D1 are firmly negative, with MACD showing a strong sell and ADX at 32.28 reinforcing the persistence of bearish momentum. RSI sits at 38.46, CCI is at -58.94, and Stoch RSI is neutral near mid-range, but BBP signals sellers are dominating intraday flows, accompanied by an "oversold" reading. The Awesome Oscillator is neutral and does not reinforce the trend. In today's session, IVZ has dropped 3.73% and is now at the very bottom of the weekly range, reflecting strong intraday selling. IVZ is trading at $23.20, essentially flat from last week’s $23.21 close, as weekly volatility stands at 6.40%. The tone over the week reflects steady pressure from sellers with no sign of rebound, confirming ongoing bearish sentiment.
Looking ahead, the expected price range for the coming week is $22.60 to $23.90, which accounts for current volatility and respects the established weekly amplitude. Based on W1 indicators, the probability of a move higher is very low (less than 20%), making further declines more likely. The baseline scenario is for prices to consolidate sideways between $22.60 and $23.90, reflecting persistent seller dominance and muted upward momentum. In a bullish scenario, a break above near-term resistance at $24.84 could open a push towards $25.90, but this is not favored by current signals. The bearish scenario sees a breach below $23.18 (MA-200) leading to tests of $22.60 or lower, with increased downside risk. This range remains well above the 52-week low of $11.60 and is still considerably below the 52-week high of $29.61, indicating IVZ is entrenched in the lower third of its annual range.