Invesco Value Municipal Income Trust Stock Forecast
Invesco Value Municipal Income Trust stock upgraded to Hold/Accumulate.
(Updated on Apr 30, 2024)
No changes to the price of Invesco Value Municipal Income Trust stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 0.531% from a day low at $11.29 to a day high of $11.35. The price has risen in 5 of the last 10 days but is still down by -0.7% for this period.
The stock lies in the lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.29 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.46% during the next 3 months and, with a 90% probability hold a price between $10.90 and $11.44 at the end of this 3-month period.
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IIM Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.354%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invesco Value Municipal Income Trust stock 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 $11.38 and $11.64. 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).
Support, Risk & Stop-loss for Invesco Value Municipal Income Trust stock
Invesco Value Municipal Income Trust finds support from accumulated volume at $11.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0600 between high and low, or 0.531%. For the last week the stock has had daily average volatility of 0.564%.
Our recommended stop-loss: $10.65 (-6.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (IIM) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Invesco Value Municipal Income Trust to open at $11.33, and during the day (based on 14 day Average True Range), to move between $11.26 and $11.44, which gives a possible trading interval of +/-$0.0942 (+/-0.83%) up or down from last closing price. If Invesco Value Municipal Income Trust takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.33 (0.18%) than the resistance at $11.78 (3.79%), 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 Value Municipal Income Trust stock A Buy?
Invesco Value Municipal Income Trust holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.812 Hold/Accumulate Upgraded
Predicted Opening Price for Invesco Value Municipal Income Trust of Wednesday, May 1, 2024
Fair opening price May 1, 2024 | Current price |
---|---|
$11.33 ( 0.176%) | $11.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IIM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.39 | 0.352 % | |
R2 | 11.37 | 0.150 % | ||
R1 | 11.35 | 0.0257 % | ||
Current price: | 11.35 | |||
Support | S1 | 11.31 | -0.378 % | |
S2 | 11.29 | -0.503 % | ||
S3 | 11.27 | -0.705 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.83 | 4.23 % | |
R2 | 11.82 | 4.14 % | ||
R1 | 11.78 | 3.79 % | ||
Current price | 11.35 | |||
Support | S1 | 11.33 | -0.176% | |
S2 | 11.31 | -0.352% | ||
S3 | 0 | . |
IIM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.0496 | 0.437% |
2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0496 | 0.413% |
3 | Jan 29, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.0496 | 0.420% |
4 | Jan 16, 2024 | Jan 16, 2024 | Jan 16, 2024 | $0 | 0% |
5 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0 | 0% |
FAQ
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