Invesco Value Municipal Income Trust Technical Analysis (NYSE:IIM)
Technical analysis is the study of Price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The IIM Chart pattern can give those who understand technical analysis an indication of which way IIM stock is headed, but cannot predict with 100% certainty as to what can happen to the Invesco Value Municipal Income Trust Price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Invesco Value Municipal Income Trust. Technical analysis uses an approach for Invesco Value Municipal Income Trust Analysis that does not care for the fair value of a company but uses price and volume data only.
Invesco Value Municipal Income Trust Moving Average
Moving averages help predict the price direction of IIM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Invesco Value Municipal Income Trust are mostly signals of long term trends and will help long term traders.
Invesco Value Municipal Income Trust Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Invesco Value Municipal Income Trust. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Invesco Value Municipal Income Trust bollinger bands show that the Price is $14.31, upper band is 14.63, lower band is 14.28, and the average is 14.46.
Invesco Value Municipal Income Trust Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the Price trend, as the indicator is useful in understanding the strength, direction and momentum of the Price. The Invesco Value Municipal Income Trust MACD indicator is above 0 indicating a bullish trend.
Invesco Value Municipal Income Trust Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of IIM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.