Invesco Advantage Municipal Income Trust 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 Advantage Municipal Income Trust stock upgraded to Hold/Accumulate.
(Updated on May 29, 2024)
The Invesco Advantage Municipal Income Trust stock price fell by -1.49% on the last day (Wednesday, 29th May 2024) from $8.71 to $8.58. During the last trading day the stock fluctuated 1.87% from a day low at $8.54 to a day high of $8.70. The price has fallen in 7 of the last 10 days but is still up by 1.18% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 thousand shares and in total, 252 thousand shares were bought and sold for approximately $2.16 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Invesco Advantage Municipal Income Trust stock with a 90% probability to be traded between $8.04 and $8.72 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VKI Signals & Forecast
The Invesco Advantage Municipal Income Trust 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 $8.56 and $8.38. A breakdown below any of these levels will issue sell signals. 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 Friday, May 24, 2024, and so far it has fallen -2.61%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Invesco Advantage Municipal Income Trust stock
Invesco Advantage Municipal Income Trust finds support from accumulated volume at $8.56 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 $0.160 between high and low, or 1.87%. For the last week the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: $8.22 (-4.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (VKI) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Invesco Advantage Municipal Income Trust II to open at $8.61, and during the day (based on 14 day Average True Range), to move between $8.48 and $8.68, which gives a possible trading interval of +/-$0.0985 (+/-1.15%) up or down from last closing price. If Invesco Advantage Municipal Income Trust II takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.56 (0.23%) than the resistance at $8.61 (0.35%), 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 Advantage Municipal Income Trust II stock A Buy?
Invesco Advantage Municipal Income Trust 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: -0.288 Hold/Accumulate Upgraded
Predicted Opening Price for Invesco Advantage Municipal Income Trust II of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| $8.61 ( 0.311%) | $8.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VKI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.77 | 2.18 % | |
| R2 | 8.71 | 1.46 % | ||
| R1 | 8.67 | 1.02 % | ||
| Current price: | 8.58 | |||
| Support | S1 | 8.55 | -0.402 % | |
| S2 | 8.51 | -0.84 % | ||
| S3 | 8.45 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.81 | 2.68 % | |
| R2 | 8.71 | 1.52 % | ||
| R1 | 8.61 | 0.350 % | ||
| Current price | 8.58 | |||
| Support | S1 | 8.56 | -0.233% | |
| S2 | 8.52 | -0.699% | ||
| S3 | 8.46 | -1.40% |
VKI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 31, 2024 | $0.0349 | 0.407% |
| 2 | Apr 01, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.0349 | 0.422% |
| 3 | Mar 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0349 | 0.411% |
| 4 | Jan 29, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.0349 | 0.409% |
| 5 | Jan 02, 2024 | Jan 16, 2024 | Jan 31, 2024 | $0.0309 | 0.364% |
FAQ
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