IVI.L Forecast and Technical Stock Analysis
Hold candidate since 2019-09-16 PDF
Invesco Income Growth Trust plc fell by -1.45% in the last day ( Monday, 16th Sep 2019 ) from £2.75 to £2.71 During the day the stock fluctuated 1.48% from a day low at £2.70 to a day high of £2.74. The price has risen in 6 of the last 10 days and is up by 3.83% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -3 197 shares and in total 45 912 shares bought and sold for approximately £124 422.00.
- 30 day high of the IVI.L stock price was £2.75 and low was £2.60.
- 90 day high was £2.80 and low was £2.55.
- 52 week high for Invesco Income Growth Trust plc - £263.50 and low - £2.40.
Invesco Income Growth Trust plc lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.10% during the next 3 months and, with 90% probability hold a price between £2.48 and £2.66 at the end of this period.
Invesco Income Growth Trust plc holds buy signals from both short- and long-term moving averages. In addition, 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 £2.70 and £2.65. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday September 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
* 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: [ 15 - 85 ]
RSI14 is 57 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 £2.68.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: £2.59 (-4.60%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)
1.56 %Average volatility
Very Low Low Medium High Very High
Invesco Income Growth Trust plc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. 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 Hold/Accumulate.
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!