Invesco Senior Income Trust Stock Forecast

Stronger technical forecast for Invesco Senior Income Trust stock price after Thursday trading.
(Updated on Apr 25, 2024)

VVR Signals & Forecast

The Invesco Senior 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 $4.26 and $4.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.67%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, February 01, 2024 in the short-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 Senior Income Trust stock

Invesco Senior Income Trust finds support from accumulated volume at $4.25 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 $0.0500 between high and low, or 1.18%. For the last week the stock has had daily average volatility of 0.80%.

Our recommended stop-loss: $4.02 (-5.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (VVR) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Invesco Senior Income Trust to open at $4.25, and during the day (based on 14 day Average True Range), to move between $4.21 and $4.31, which gives a possible trading interval of +/-$0.0479 (+/-1.13%) up or down from last closing price. If Invesco Senior Income Trust takes out the full calculated possible swing range there will be an estimated 2.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.27 (0.23%) than the support at $4.25 (0.23%), 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 Senior Income Trust stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Invesco Senior Income Trust stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.786 Buy Candidate Upgraded

Predicted Opening Price for Invesco Senior Income Trust of Friday, April 26, 2024

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