Invesco Trust for Investment Grade New York Municipals Technical Analysis (NYSE:VTN)

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$12.76 $0.04 (0.31%) VTN stock closing price Jul 20, 2018 (Closing)

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. Just by looking at the Invesco Trust for Investment Grade New York Municipals 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 VTN Chart which creates a trading signal.

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 Trust for Investment Grade New York Municipals. 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 Trust for Investment Grade New York Municipals Analysis.

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Invesco Trust for Investment Grade New York Municipals Moving Average

Moving averages help predict the price direction of VTN 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 $12.77 is above the price of $12.76.

Invesco Trust for Investment Grade New York Municipals Bollinger Bands

Bollinger bands consist of two price bands above and below a center line for any company stock like Invesco Trust for Investment Grade New York Municipals. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the Price of $12.76 is in the lower range of Invesco Trust for Investment Grade New York Municipals bollinger bands.

Invesco Trust for Investment Grade New York Municipals Moving Average Convergence Divergence or MACD

Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the Prices will go up. The Invesco Trust for Investment Grade New York Municipals MACD indicator is below 0 indicating a bearish trend.

Invesco Trust for Investment Grade New York Municipals 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 VTN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.

VTN Price Details

Prev Close* $12.8
Open $12.79
Day Low $12.76
Day High $12.79
Volume 43,876
52 Week High $14.00
52 Week Low $12.61
Market Cap
$248.54M
Dividend
0.70