Invesco Investment Grade Value Etf (IIGV) Stock Technical Analysis
USA - NYSEARCA:IIGV - US46139W6012 - ETF
We assign a technical rating of 5 out of 10 to IIGV. IIGV has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, IIGV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 23.03, a Stop Loss order could be placed below this zone.
More info and screens
21.31
2 important support areas can be observed.
- A support zone ranging from 22.56 to 23.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.53 to 21.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 23.13 to 23.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.06 to 24.11. 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 | NEUTRAL | NEUTRAL | The long term trend for IIGV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IIGV is up. |
| ChartMill Relative Strength | 59.84 | NEUTRAL | IIGV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IIGV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IIGV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IIGV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.71 | NEUTRAL | The RSI value for IIGV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IIGV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.52 | NEUTRAL | The Stochastics value for IIGV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.47 | LOW VOLATILITY | The low ATR as a percentage value for IIGV suggests low volalility. |
| Average Directional Index/ADX (14) | 26.54 | POSITIVE | The high ADX value value for IIGV suggests a strong trend. |
Invesco Investment Grade Value Etf
NYSEARCA:IIGV (3/30/2023, 8:04:00 PM)
23.08
+0.01 (+0.04%)
Invesco Investment Grade Value Etf / IIGV FAQ
Can you provide the ChartMill technical rating for Invesco Investment Grade Value Etf?
ChartMill assigns a technical rating of 5 / 10 to IIGV.
What is the current trend direction of Invesco Investment Grade Value Etf (IIGV) stock?
The current trend direction for Invesco Investment Grade Value Etf (IIGV) is Bearish.
What is the RSI signal for Invesco Investment Grade Value Etf (IIGV) stock?
Invesco Investment Grade Value Etf (IIGV) has an RSI value of 54.7099. This indicates that the stock is currently neutral.
What is the MACD signal for IIGV stock?
The MACD indicator for Invesco Investment Grade Value Etf (IIGV) has a value of 0.014968, indicating a bearish trend.
What are the support and resistance levels for Invesco Investment Grade Value Etf (IIGV) stock?
Invesco Investment Grade Value Etf (IIGV) has a support level at 23.03 and a resistance level at 23.13. Check the full technical report for our detailed analysis of IIGV support and resistance levels.