Invesco High Income Trust II Stock Forecast
Invesco High Income Trust II stock price ended at $10.65 on Wednesday, after gaining 0.757%.
(Updated on Jul 03, 2024)
The Invesco High Income Trust II stock price gained 0.757% on the last trading day (Wednesday, 3rd Jul 2024), rising from $10.57 to $10.65. During the last trading day the stock fluctuated 1.70% from a day low at $10.57 to a day high of $10.75. The price has risen in 5 of the last 10 days and is up by 0.95% over the past 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 35 thousand shares were bought and sold for approximately $371.77 thousand. 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Invesco High Income Trust II stock with a 90% probability to be traded between $10.51 and $11.01 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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VLT Signals & Forecast
The Invesco High Income Trust II 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 $10.56 and $10.59. 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 Wednesday, June 05, 2024, and so far it has fallen -0.653%. 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 Tuesday, April 30, 2024 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, April 30, 2024 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.
A sell signal from a double top formation was found on Wednesday, June 05, 2024 and based on theory for this formation the price should fall by -2.16% to $10.42 within 20 trading days (Friday, July 05, 2024) since signal was issued.
Support, Risk & Stop-loss for Invesco High Income Trust II stock
Invesco High Income Trust II finds support from accumulated volume at $10.60 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 $0.180 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 1.12%
Our recommended stop-loss: $10.26 (-3.65%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (VLT) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Invesco High Income Trust II to open at $10.66, and during the day (based on 14 day Average True Range), to move between $10.55 and $10.75, which gives a possible trading interval of +/-$0.104 (+/-0.98%) up or down from last closing price. If Invesco High Income Trust II takes out the full calculated possible swing range there will be an estimated 1.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.67 (0.19%) than the support at $10.60 (0.47%), 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 High Income Trust II stock A Buy?
Invesco High Income Trust II 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.
Current score: 0.777 Hold/Accumulate Unchanged
Predicted Opening Price for Invesco High Income Trust II of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $10.66 ( 0.0626%) | $10.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.84 | 1.75% |
| R2 | 10.77 | 1.11% |
| R1 | 10.73 | 0.708% |
| Price | 10.65 | |
| S1 | 10.59 | -0.583% |
| S2 | 10.55 | -0.98% |
| S3 | 10.48 | -1.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.72 | 0.657% |
| R2 | 10.69 | 0.376% |
| R1 | 10.67 | 0.187% |
| Price | 10.65 | |
| S1 | 10.60 | -0.469% |
| S2 | 10.57 | -0.751% |
| S3 | 10.42 | -2.16% |
VLT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 31, 2024 | $0.0964 | 0.92% |
| 2 | Apr 01, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.0964 | 0.92% |
| 3 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0964 | 0.90% |
| 4 | Jan 29, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.0964 | 0.91% |
| 5 | Jan 02, 2024 | Jan 16, 2024 | Jan 31, 2024 | $0.0964 | 0.92% |
FAQ
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