FXE Stock Summary and Trading Ideas (Invesco Currencyshares Euro Trust | ARCA:FXE)

The Invesco CurrencyShares Euro Trust (the "trust") is designed to track the price of the euro, and trades under the ticker symbol FXE. The euro is the currency of 19 European Union countries. The Fund is rebalanced quarterly.

Invesco Currencyshares Euro Trust trades on the ARCA stock market under the symbol FXE.

As of April 25, 2024, FXE stock price climbed to $99.06 with 3,267 million shares trading.

FXE has a beta of 0.20, meaning it tends to be less sensitive to market movements. FXE has a correlation of 0.16 to the broad based SPY ETF.

FXE has a market cap of $183.26 million. This is considered a Micro Cap stock.

In the last 3 years, FXE stock traded as high as $114.66 and as low as $88.37.

FXE has underperformed the market in the last year with a return of -0.9%, while the SPY ETF gained +22.5%. In the last 3 month period, FXE fell short of the market, returning -0.9%, while SPY returned +3.1%. However, in the most recent 2 weeks FXE has outperformed the stock market by returning -0.2%, while SPY returned -3.0%.

FXE support price is $98.50 and resistance is $99.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FXE stock will trade within this expected range on the day.