Invesco Senior 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 Senior Income Trust stock price ended at $4.26 on Friday, after losing 0%.
(Updated on Apr 26, 2024)
No changes to the price of Invesco Senior Income Trust stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0.95% from a day low at $4.23 to a day high of $4.27. The price has been going up and down for this period, and there has been a -0.7% loss for the last 2 weeks.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.22 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.56% during the next 3 months and, with a 90% probability hold a price between $4.41 and $4.66 at the end of this 3-month period.
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VVR Signals & Forecast
Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. Some positive signals were issued as well, and these may have some influence on the near short-term development. 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 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.
Golden Star
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 $0.0400 between high and low, or 0.95%. For the last week the stock has had daily average volatility of 0.83%.
Our recommended stop-loss: $4.01 (-5.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (VVR) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th 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 +/-$0.0474 (+/-1.11%) 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 2.22% 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 of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 3.789 Buy Candidate Unchanged
Predicted Opening Price for Invesco Senior Income Trust of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$4.25 ( 0.156%) | $4.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VVR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.29 | 0.782 % | |
R2 | 4.28 | 0.424 % | ||
R1 | 4.27 | 0.202 % | ||
Current price: | 4.26 | |||
Support | S1 | 4.24 | -0.515 % | |
S2 | 4.23 | -0.737 % | ||
S3 | 4.21 | -1.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.30 | 0.94 % | |
R2 | 4.29 | 0.704 % | ||
R1 | 4.27 | 0.235 % | ||
Current price | 4.26 | |||
Support | S1 | 4.25 | -0.235% | |
S2 | 4.16 | -2.35% | ||
S3 | 4.15 | -2.58% |
VVR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.0430 | 1.01% |
2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0430 | 1.00% |
3 | Jan 29, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.0430 | 1.04% |
4 | Jan 02, 2024 | Jan 16, 2024 | Jan 31, 2024 | $0.0430 | 1.05% |
5 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0 | 0% |
FAQ
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