Invesco Bond Fund Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Invesco Bond Fund stock upgraded to Hold/Accumulate.
(Updated on May 07, 2024)
The Invesco Bond Fund stock price gained 0.390% on the last trading day (Tuesday, 7th May 2024), rising from $15.39 to $15.45. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.328% from a day low at $15.41 to a day high of $15.46. The price has risen in 6 of the last 10 days and is up by 0.13% 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, 17 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately $563.35 thousand.
Given the current short-term trend, the stock is expected to fall -3.84% during the next 3 months and, with a 90% probability hold a price between $14.36 and $14.86 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VBF Signals & Forecast
The Invesco Bond Fund stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $15.30 and $15.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.45%. 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). Invesco Bond Fund 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.
Support, Risk & Stop-loss for Invesco Bond Fund stock
Invesco Bond Fund finds support from accumulated volume at $15.38 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 $0.0506 between high and low, or 0.328%. For the last week the stock has had daily average volatility of 0.471%.
Our recommended stop-loss: $14.60 (-5.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (VBF) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Invesco Bond Fund to open at $15.44, and during the day (based on 14 day Average True Range), to move between $15.33 and $15.57, which gives a possible trading interval of +/-$0.122 (+/-0.79%) up or down from last closing price. If Invesco Bond Fund takes out the full calculated possible swing range there will be an estimated 1.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.38 (0.45%) than the resistance at $15.59 (0.91%), 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 Bond Fund stock A Buy?
Invesco Bond Fund 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.505 Hold/Accumulate Upgraded
Predicted Opening Price for Invesco Bond Fund of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $15.44 ( 0.0634%) | $15.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VBF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.49 | 0.264 % | |
| R2 | 15.47 | 0.139 % | ||
| R1 | 15.46 | 0.0617 % | ||
| Current price: | 15.45 | |||
| Support | S1 | 15.42 | -0.189 % | |
| S2 | 15.41 | -0.266 % | ||
| S3 | 15.39 | -0.391 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.71 | 1.68 % | |
| R2 | 15.65 | 1.29 % | ||
| R1 | 15.59 | 0.91 % | ||
| Current price | 15.45 | |||
| Support | S1 | 15.38 | -0.453% | |
| S2 | 15.32 | -0.84% | ||
| S3 | 15.20 | -1.62% |
VBF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 31, 2024 | $0.0700 | 0.453% |
| 2 | Apr 01, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.0650 | 0.428% |
| 3 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0650 | 0.415% |
| 4 | Jan 29, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.0650 | 0.412% |
| 5 | Jan 02, 2024 | Jan 16, 2024 | Jan 31, 2024 | $0.0650 | 0.416% |
FAQ
Click here for our free guide on how to buy Invesco Bond Fund Stock.
