Invesco Quality Municipal Income Trust Technical Analysis (NYSE:IQI)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical Charts or trading charts. The IQI Chart pattern can give those who understand technical analysis an indication of which way IQI stock is headed, but cannot predict with 100% certainty as to what can happen to the Invesco Quality Municipal Income Trust Price.
See Invesco Quality Municipal Income Trust bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Invesco Quality Municipal Income Trust Analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Invesco Quality Municipal Income Trust Moving Average
Moving averages show the average price of IQI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Invesco Quality Municipal Income Trust are mostly signals of long term trends and will help long term traders.
Invesco Quality Municipal Income Trust Bollinger Bands
Bollinger bands comprise of a center line usually IQI SMA, and two IQI Price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as Price moves closer towards the lower band. The Price is trading between the average and the upper band in the context of Invesco Quality Municipal Income Trust bollinger bands.
Invesco Quality 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 Quality Municipal Income Trust MACD indicator is below 0 indicating a bearish trend.
Invesco Quality 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 IQI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.