Invesco Municipal Income Opportunities Stock Forecast
Invesco Municipal Income Opportunities stock price up 1.60% on Friday
(Updated on May 31, 2024)
The Invesco Municipal Income Opportunities stock price gained 1.60% on the last trading day (Friday, 31st May 2024), rising from $6.25 to $6.35. During the last trading day the stock fluctuated 1.44% from a day low at $6.26 to a day high of $6.35. The price has risen in 7 of the last 10 days and is up by 1.11% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 114 thousand shares were bought and sold for approximately $723.11 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.39% during the next 3 months and, with a 90% probability hold a price between $5.68 and $6.19 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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OIA Signals & Forecast
The Invesco Municipal Income Opportunities stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $6.28 and $6.23. A breakdown below any of these levels will issue sell signals. Invesco Municipal Income Opportunities has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -0.470%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, May 16, 2024 in the short-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.
Golden Star
The stock had a Golden Star Signal on Thursday, May 16, 2024 in the short-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 Municipal Income Opportunities stock
Invesco Municipal Income Opportunities finds support from accumulated volume at $6.26 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 $0.0900 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: $6.10 (-3.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (OIA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Invesco Municipal Income Opportunities Trust to open at $6.32, and during the day (based on 14 day Average True Range), to move between $6.26 and $6.44, which gives a possible trading interval of +/-$0.0934 (+/-1.47%) up or down from last closing price. If Invesco Municipal Income Opportunities Trust takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.26 (1.42%) than the resistance at $6.47 (1.89%), 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 Municipal Income Opportunities Trust stock A Buy?
Invesco Municipal Income Opportunities holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.925 Hold/Accumulate Unchanged
Predicted Opening Price for Invesco Municipal Income Opportunities Trust of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
$6.32 ( 0.472%) | $6.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OIA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.41 | 0.94 % | |
R2 | 6.38 | 0.403 % | ||
R1 | 6.35 | 0.0690 % | ||
Current price: | 6.35 | |||
Support | S1 | 6.29 | -1.01 % | |
S2 | 6.26 | -1.35 % | ||
S3 | 6.23 | -1.89 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.63 | 4.41 % | |
R2 | 6.53 | 2.83 % | ||
R1 | 6.47 | 1.89 % | ||
Current price | 6.35 | |||
Support | S1 | 6.26 | -1.42% | |
S2 | 6.20 | -2.36% | ||
S3 | 6.19 | -2.52% |
OIA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 15, 2024 | May 15, 2024 | May 31, 2024 | $0.0291 | 0.458% |
2 | Apr 01, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.0291 | 0.478% |
3 | Mar 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0291 | 0.446% |
4 | Feb 15, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.0291 | 0.465% |
5 | Jan 02, 2024 | Jan 16, 2024 | Jan 31, 2024 | $0.0265 | 0.417% |
FAQ
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