IHIT Forecast and Technical Stock Analysis
Hold candidate since 2020-01-22 Loss -0.04% PDF
Invesco High Income 2023 Target Term Fund of Beneficial Interest fell by -0.08% in the last day ( Friday, 24th Jan 2020 ) from $10.57 to $10.57 During the day the stock fluctuated 0.85% from a day low at $10.52 to a day high of $10.61. The price has been going up and down for this period, and there has been a -0.05% loss for the last 2 weeks. Volume has increased in the last day by 18 245 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 35 948 shares bought and sold for approximately $379 791.00.
- 30 day high of the IHIT stock price was $10.67 and low was $10.43.
- 90 day high was $10.75 and low was $10.41.
- 52 week high for Invesco High Income 2023 Target Term Fund of Beneficial Interest - $10.91 and low - $9.98.
Invesco High Income 2023 Target Term Fund of Beneficial Interest 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 2023 Target Term Fund of Beneficial Interest with a 90% probability to be traded between $10.44 and $10.62 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday January 23, 2020, which indicates further falls until a new bottom pivot has been found. Invesco High Income 2023 Target Term Fund of Beneficial Interest gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Invesco High Income 2023 Target Term Fund of Beneficial Interest holds buy signals from both short- and long-term moving averages, 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 $10.54 and $10.55. A break down below any of these levels will issue sell signals.
* 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 54 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Invesco High Income 2023 Target Term Fund of Beneficial Interest finds support from accumulated volume at $10.56.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.09 (0.85%) between high and low. For the last week, the stock has had daily average volatility of 0.90%.
Our recommended stop-loss: $10.25 (-3.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)
0.90 %Average volatility
Very Low Low Medium High Very High
Invesco High Income 2023 Target Term Fund of Beneficial Interest 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 hold candidate (hold or accumulate) in this position whilst awaiting further development.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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