Invesco High Income Trust II Stock Forecast

Invesco High Income Trust II stock price up 0.0976% on Friday
(Updated on Apr 19, 2024)

VLT Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.588%. Further rise is indicated until a new top pivot has been found. Invesco High Income Trust II has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invesco High Income Trust II stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $10.30 and $10.58. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Invesco High Income Trust II stock

Invesco High Income Trust II finds support from accumulated volume at $10.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.160 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.44%.

Invesco High Income Trust II is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $9.60 (-6.45%) (This stock has low daily movements and this gives low risk. Low RSI14 is 17 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (VLT) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Invesco High Income Trust II to open at $10.24, and during the day (based on 14 day Average True Range), to move between $10.15 and $10.37, which gives a possible trading interval of +/-$0.108 (+/-1.05%) up or down from last closing price. If Invesco High Income Trust II takes out the full calculated possible swing range there will be an estimated 2.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.25 (0.10%) than the resistance at $10.45 (1.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Invesco High Income Trust II stock A Buy?

Invesco High Income Trust II holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.903 Hold/Accumulate Unchanged

Predicted Opening Price for Invesco High Income Trust II of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.