INVESCO HI INC 2023 TRGT TRM (IHIT) Stock Technical Analysis
USA - NYSE:IHIT - US46135X1081
Overall IHIT gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. IHIT was also a bad performer in the overall market in the last year.
Although the technical rating is bad, IHIT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.91, a Stop Loss order could be placed below this zone.
More info and screens
6.57
2 important support areas can be observed.
- A support zone ranging from 6.87 to 6.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.64 to 6.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.94 to 7.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.39 to 7.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for IHIT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IHIT is up. |
| ChartMill Relative Strength | 25.05 | NEGATIVE | IHIT has a low relative strength, it was outperformed by 74.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IHIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IHIT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IHIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.17 | NEUTRAL | The RSI value for IHIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IHIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.8 | NEUTRAL | The Stochastics value for IHIT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.32 | LOW VOLATILITY | The low ATR as a percentage value for IHIT suggests low volalility. |
| Average Directional Index/ADX (14) | 19.48 | NEGATIVE | The low ADX value for IHIT suggests a weak or negative trend. |
NYSE:IHIT (11/27/2023, 8:13:15 PM)
6.92
-0.01 (-0.22%)
INVESCO HI INC 2023 TRGT TRM / IHIT FAQ
Can you provide the ChartMill technical rating for INVESCO HI INC 2023 TRGT TRM?
ChartMill assigns a technical rating of 2 / 10 to IHIT.
What is the trend direction for IHIT stock?
The current trend direction for INVESCO HI INC 2023 TRGT TRM (IHIT) is Bearish.
What is the RSI signal for IHIT stock?
INVESCO HI INC 2023 TRGT TRM (IHIT) has an RSI value of 54.1704. This indicates that the stock is currently neutral.
What is the MACD signal for INVESCO HI INC 2023 TRGT TRM (IHIT) stock?
The MACD indicator for INVESCO HI INC 2023 TRGT TRM (IHIT) has a value of 0.00598104, indicating a bearish trend.
What is the short term momentum for INVESCO HI INC 2023 TRGT TRM (IHIT) stock?
The short term momentum for INVESCO HI INC 2023 TRGT TRM (IHIT) is positive.