IVI.L Stock Forecast and Technical Analysis
Buy or Hold candidate since 2019-11-12 Gain 10.58% PDF
No changes to the price of Invesco Income Growth Trust plc in the last trading day ( Friday, 21st Feb 2020 ). During the day the stock fluctuated 0.66% from a day low at £3.02 to a day high of £3.04. The price has been going up and down for this period, and there has been a -0.33% loss for the last 2 weeks.
IVI.L Stock Price Summary
- 30 day high of the IVI.L stock price was £3.08 and low was £2.90.
- 90 day high was £3.08 and low was £2.70.
- 52 week high for Invesco Income Growth Trust plc - £3.08 and low - £2.55.
Invesco Income Growth Trust plc lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.94% during the next 3 months and, with 90% probability hold a price between £3.35 and £3.54 at the end of this period.
Only positive signals in the chart today. 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 £3.02 and £2.99. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday February 18, 2020, which indicates further gains until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".
IVI.L Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 80 ]
RSI14 is 60 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.
IVI.L Support & Resistance
Invesco Income Growth Trust plc finds support from accumulated volume at £2.90.
IVI.L Stock Risk
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 (0.66%) between high and low. For the last week, the stock has had daily average volatility of 1.13%.
Our recommended stop-loss: £2.86 (-5.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
1.13 %Average volatility
Very Low Low Medium High Very High
IVI.L Stock Evaluation
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 this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate 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 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
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