Invesco Bond Fund Technical Analysis (NYSE:VBF)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Invesco Bond Fund Price data and volume are plotted in VBF Charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Invesco Bond Fund. Technical analysis uses an approach for Invesco Bond Fund Analysis that does not care for the fair value of a company but uses price and volume data only.
Invesco Bond Fund Moving Average
Moving averages help predict the price direction of VBF stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $17.74 is below the price of $17.85.
Invesco Bond Fund Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Invesco Bond Fund. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the Price of $17.85 is in the upper range of Invesco Bond Fund bollinger bands.
Invesco Bond Fund 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 Bond Fund MACD indicator is below 0 indicating a bearish trend.
Invesco Bond Fund 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 VBF stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.