RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VGM
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Stronger technical forecast for Invesco Trust for Investment Grade stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Invesco Trust for Investment Grade stock price gained 0.306% on the last trading day (Wednesday, 27th Mar 2024), rising from $9.81 to $9.84. During the last trading day the stock fluctuated 0.560% from a day low at $9.82 to a day high of $9.87. The price has fallen in 6 of the last 10 days and is down by -1.5% for this period. Volume fell on the last day by -46 thousand shares and in total, 122 thousand shares were bought and sold for approximately $1.20 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.32% during the next 3 months and, with a 90% probability hold a price between $9.88 and $10.30 at the end of this 3-month period.

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VGM Signals & Forecast

There are few to no technical positive signals at the moment. The Invesco Trust for Investment Grade 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 $9.87 and $9.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -1.80%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Monday, July 24, 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.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, July 24, 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 Trust for Investment Grade stock

Invesco Trust for Investment Grade finds support from accumulated volume at $9.81 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 $0.0550 between high and low, or 0.560%. For the last week the stock has had daily average volatility of 0.662%

Our recommended stop-loss: $9.45 (-3.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (VGM) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Invesco Trust for Investment Grade Municipals to open at $9.84, and during the day (based on 14 day Average True Range), to move between $9.77 and $9.91, which gives a possible trading interval of +/-$0.0724 (+/-0.74%) up or down from last closing price. If Invesco Trust for Investment Grade Municipals takes out the full calculated possible swing range there will be an estimated 1.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.85 (0.10%) than the support at $9.81 (0.30%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Invesco Trust for Investment Grade Municipals stock A Buy?

Invesco Trust for Investment Grade 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: 0.147 Hold/Accumulate Upgraded

Predicted Opening Price for Invesco Trust for Investment Grade Municipals of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$9.84 ( 0.0169%) $9.84

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

Trading levels for VGM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.90 0.576 %
R2 9.88 0.362 %
R1 9.86 0.230 %
Current price: 9.84
Support S1 9.82 -0.197 %
S2 9.81 -0.328 %
S3 9.79 -0.542 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9.90 0.610 %
R2 9.89 0.508 %
R1 9.85 0.102 %
Current price 9.84
Support S1 9.81 -0.305%
S2 9.55 -2.95%
S3 9.53 -3.15%

VGM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 14, 2024 Mar 28, 2024 $0.0388 0.394%
2 Jan 29, 2024 Feb 15, 2024 Feb 29, 2024 $0.0388 0.394%
3 Jan 02, 2024 Jan 16, 2024 Jan 31, 2024 $0.0342 0.349%
4 Dec 14, 2023 Dec 14, 2023 Dec 14, 2023 $0 0%
5 Nov 01, 2023 Nov 14, 2023 Nov 30, 2023 $0.0340 0.359%

FAQ

What is the symbol for Invesco Trust for Investment Grade Municipals Stock and on which exchange is it traded?
The symbol for Invesco Trust for Investment Grade Municipals is VGM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Invesco Trust for Investment Grade Municipals Stock?
Invesco Trust for Investment Grade 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.

How to buy Invesco Trust for Investment Grade Municipals Stock?
Invesco Trust for Investment Grade Municipals Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Invesco Trust for Investment Grade Municipals Stock.

What's the current price of Invesco Trust for Investment Grade Municipals Stock?
As of the end of day on the 2024-03-27, the price of an Invesco Trust for Investment Grade Municipals (VGM) share was $9.84.

What is the 52-week high and low for Invesco Trust for Investment Grade Municipals Stock?
The 52-week high for Invesco Trust for Investment Grade Municipals Stock is $10.07 and the 52-week low is $8.15.

What is the market capitalization of Invesco Trust for Investment Grade Municipals Stock?
As of the 2024-03-27, the market capitalization of Invesco Trust for Investment Grade Municipals is 533.643M.
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About Invesco Trust for Investment Grade Municipals

Invesco Trust for Investment Grade Municipals is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. It invests in the fixed income markets of the United States. The fund prima... VGM Profile

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