Invesco Plc Forecast and Stock Analysis
Technical IVZ stock analysis for February 15, 2019.
|Shorts||2.29% ( 2019-01-31 )|
Invesco Plc gained 3.23% in the last trading day, rising from $18.27 to $18.86 The price has been going up and down for this period, and there has been a 2.72% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.18 million more shares were traded than the day before. In total, 4.59 million shares bought and sold for approximately $86.56 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the IVZ stock was $18.86. This is 3.23% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.94% from a day low at $18.35 to a day high of $18.89.
30 day high of the IVZ stock price was $19.50 and low was $17.70.
90 day high was $20.99 and low was $15.38.
52 week high for the Invesco Plc - $35.03 and low - $15.38.
Invesco Plc lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $19.79 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.03% during the next 3 months and, with 90% probability hold a price between $14.32 and $18.79 at the end of this period.
Only positive signals in the chart today. Invesco 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 $18.39 and $18.05. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
Invesco Plc finds support from accumulated volume at $18.22.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.54 (2.94%) between high and low. For the last week, the stock has had a daily average volatility of 2.01%.
Our recommended stoploss: $17.89 (-5.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.