Invesco Perpetual Select Trust PLC Stock Forecast

Stronger technical forecast for Invesco Perpetual Select Trust PLC stock price after Friday trading.
(Updated on May 17, 2024)

IVPG.L Signals & Forecast

The Invesco Perpetual Select Trust PLC stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £277.14. On a fall, the stock will find some support from the long-term average at approximately £271.21. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, November 10, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Invesco Perpetual Select Trust PLC stock

Invesco Perpetual Select Trust PLC finds support from accumulated volume at £269.00 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 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 stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.43%

Our recommended stop-loss: £255.95 (-5.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (IVPG.L) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Invesco Perpetual Select Trust PLC Global Equity Income to open at £272.00, and during the day (based on 14 day Average True Range), to move between £263.54 and £280.46, which gives a possible trading interval of +/-£8.46 (+/-3.11%) up or down from last closing price. If Invesco Perpetual Select Trust PLC Global Equity Income takes out the full calculated possible swing range there will be an estimated 6.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £269.00 (1.10%) than the resistance at £278.00 (2.21%), 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 Perpetual Select Trust PLC Global Equity Income stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Invesco Perpetual Select Trust PLC stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.692 Buy Candidate Upgraded

Predicted Opening Price for Invesco Perpetual Select Trust PLC Global Equity Income of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.