Invesco Pennsylvania Value Municipal Stock Forecast
Invesco Pennsylvania Value Municipal stock price up 0.0977% on Wednesday
(Updated on Mar 27, 2024)
The Invesco Pennsylvania Value Municipal stock price gained 0.0977% on the last trading day (Wednesday, 27th Mar 2024), rising from $10.24 to $10.25. During the last trading day the stock fluctuated 0.411% from a day low at $10.23 to a day high of $10.27. The price has risen in 5 of the last 10 days and is up by 0.24% over the past 2 weeks. Volume fell on the last day by -428 shares and in total, 12 thousand shares were bought and sold for approximately $121.13 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Invesco Pennsylvania Value Municipal stock with a 90% probability to be traded between $10.24 and $10.54 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VPV Signals & Forecast
The Invesco Pennsylvania Value Municipal stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $10.22 and $10.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, January 18, 2024, and so far it has risen 3.22%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Invesco Pennsylvania Value Municipal stock
Invesco Pennsylvania Value Municipal finds support from accumulated volume at $10.19 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0420 between high and low, or 0.411%. For the last week the stock has had daily average volatility of 0.372%
Our recommended stop-loss: $9.90 (-3.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (VPV) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Invesco Pennsylvania Value Municipal Income Trust to open at $10.25, and during the day (based on 14 day Average True Range), to move between $10.19 and $10.31, which gives a possible trading interval of +/-$0.0620 (+/-0.60%) up or down from last closing price. If Invesco Pennsylvania Value Municipal Income Trust takes out the full calculated possible swing range there will be an estimated 1.21% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $10.19, some $0.0600 (0.59%) from the current price of $10.25, our system finds the risk reward attractive.
Is Invesco Pennsylvania Value Municipal Income Trust stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Invesco Pennsylvania Value Municipal stock to perform well in the short-term period.
Current score: 2.783 Buy Candidate Unchanged
Predicted Opening Price for Invesco Pennsylvania Value Municipal Income Trust of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$10.25 ( 0.0065%) | $10.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VPV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.29 | 0.403 % | |
R2 | 10.28 | 0.247 % | ||
R1 | 10.27 | 0.150 % | ||
Current price: | 10.25 | |||
Support | S1 | 10.23 | -0.163 % | |
S2 | 10.22 | -0.260 % | ||
S3 | 10.21 | -0.416 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 10.25 | |||
Support | S1 | 10.19 | -0.585% | |
S2 | 10.14 | -1.07% | ||
S3 | 10.13 | -1.17% |
VPV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0325 | 0.317% |
2 | Jan 29, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.0325 | 0.321% |
3 | Jan 02, 2024 | Jan 16, 2024 | Jan 31, 2024 | $0.0278 | 0.275% |
4 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0 | 0% |
5 | Nov 01, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.0280 | 0.289% |
FAQ
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