IVI.L Forecast and Technical Stock Analysis
Sell candidate since 2019-11-21 PDF
Invesco Income Growth Trust plc fell by -1.46% in the last day ( Thursday, 21st Nov 2019 ) from £2.74 to £2.70 and has now fallen 3 days in a row. During the day the stock fluctuated 0.74% from a day low at £2.70 to a day high of £2.72. The price has fallen in 5 of the last 10 days and is down by -1.46% for this period. Volume has increased in the last day by 63 220 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, 146 552 shares bought and sold for approximately £395 690.00.
- 30 day high of the IVI.L stock price was £2.80 and low was £2.67.
- 90 day high was £2.80 and low was £2.60.
- 52 week high for Invesco Income Growth Trust plc - £263.50 and low - £2.40.
Invesco Income Growth Trust plc lies in the lower part of a narrow and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £2.68 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.71% during the next 3 months and, with 90% probability hold a price between £2.75 and £2.88 at the end of this period.
There are few to none technical positive signals at the moment. Invesco Income Growth Trust plc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £2.73 and £2.71. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday November 19, 2019, which indicates further falls until a new bottom pivot has been found. Invesco Income Growth Trust plc 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".
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 80 ]
RSI14 is 50 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 Income Growth Trust plc finds support from accumulated volume at £2.69.
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 £0.02 (0.74%) between high and low. For the last week, the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.54 %Average volatility
Very Low Low Medium High Very High
The Invesco Income Growth Trust plc stock holds several negative signals and despite the positive trend we believe Invesco Income Growth Trust plc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
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!