Invesco High Income Trust II Stock Forecast
Evaluation of Invesco High Income Trust II stock downgraded after the last trading session.
(Updated on Mar 28, 2024)
The Invesco High Income Trust II stock price gained 0.0009% on the last trading day (Thursday, 28th Mar 2024), rising from $10.73 to $10.73. 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 0.140% from a day low at $10.73 to a day high of $10.74. The price has risen in 8 of the last 10 days and is up by 1.08% over the past 2 weeks. Volume fell on the last day by -835 shares and in total, 8 thousand shares were bought and sold for approximately $85.36 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 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 3.30% during the next 3 months and, with a 90% probability hold a price between $10.87 and $11.16 at the end of this 3-month period.
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VLT Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -0.0922%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. 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. 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 $10.69 and $10.60. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Invesco High Income Trust II stock
Invesco High Income Trust II finds support from accumulated volume at $10.56 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 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 $0.0150 between high and low, or 0.140%. For the last week the stock has had daily average volatility of 0.324%
Our recommended stop-loss: $10.37 (-3.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (VLT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Invesco High Income Trust II to open at $10.73, and during the day (based on 14 day Average True Range), to move between $10.67 and $10.80, which gives a possible trading interval of +/-$0.0651 (+/-0.61%) 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 1.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.74 (0.09%) than the support at $10.56 (1.59%), 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.126 Hold/Accumulate Downgraded
Predicted Opening Price for Invesco High Income Trust II of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$10.73 ( 0.0149%) | $10.73 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 10.75 | 0.155 % | |
R2 | 10.74 | 0.101 % | ||
R1 | 10.74 | 0.0683 % | ||
Current price: | 10.73 | |||
Support | S1 | 10.73 | -0.0385 % | |
S2 | 10.72 | -0.0715 % | ||
S3 | 10.72 | -0.125 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 10.74 | 0.0923 % | ||
Current price | 10.73 | |||
Support | S1 | 10.56 | -1.59% | |
S2 | 10.51 | -2.05% | ||
S3 | 10.44 | -2.70% |
VLT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0964 | 0.90% |
2 | Jan 29, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.0964 | 0.91% |
3 | Jan 02, 2024 | Jan 16, 2024 | Jan 31, 2024 | $0.0964 | 0.92% |
4 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0 | 0% |
5 | Nov 01, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.0960 | 0.95% |
FAQ
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