Invesco Muni Income Opp Trust Technical Analysis (NYSE:OIA)
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. Just by looking at the Invesco Muni Income Opp Trust Price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the OIA Chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Invesco Muni Income Opp Trust. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use Price movements for this form of Invesco Muni Income Opp Trust Analysis.
Invesco Muni Income Opp Trust Moving Average
Moving averages show the OIA Price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $7.82 is above the price of $7.63.
Invesco Muni Income Opp Trust Bollinger Bands
Bollinger bands comprise of a center line usually OIA SMA, and two OIA 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 lower band in the context of Invesco Muni Income Opp Trust bollinger bands.
Invesco Muni Income Opp Trust Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the Price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current Price trend could come to an end, when the Price diverges from MACD. The Invesco Muni Income Opp Trust MACD indicator can be used to identify bullish and bearish trends for the stock.
Invesco Muni Income Opp 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. The relative strength index of OIA stock is 28.83.