RSI low/high Values: [ 20 - 80 ]
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AI Analysis of VLT
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Evaluation of Invesco High Income Trust II stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 06, 2024 Gain 2.09% PDF

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


# Declaration Date 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

What is the symbol for Invesco High Income Trust II Stock and on which exchange is it traded?
The symbol for Invesco High Income Trust II is VLT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Invesco High Income Trust II Stock?
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.

How to buy Invesco High Income Trust II Stock?
Invesco High Income Trust II 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 High Income Trust II Stock.

What's the current price of Invesco High Income Trust II Stock?
As of the end of day on the 2024-03-28, the price of an Invesco High Income Trust II (VLT) share was $10.73.

What is the 52-week high and low for Invesco High Income Trust II Stock?
The 52-week high for Invesco High Income Trust II Stock is $10.93 and the 52-week low is $9.29.

What is the market capitalization of Invesco High Income Trust II Stock?
As of the 2024-03-28, the market capitalization of Invesco High Income Trust II is 69.725M.
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About Invesco High Income Trust II

Invesco High Income Trust II 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 Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd. It invests in the fixed income markets. The fund seeks to invest in securities rated between ... VLT Profile

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