We assign a technical rating of 5 out of 10 to IIGV. In the last year, IIGV was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When compared to the yearly performance of all other stocks, IIGV outperforms 59% of them, which is more or less in line with the market.
- IIGV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IIGV is lagging the market.
- In the last month IIGV has a been trading in a tight range between 22.53 and 23.25.
- Considerably lower volume is observed in the last couple of days.
IIGV has only a medium technical rating, but it does show a decent setup pattern. 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.
When analyzing the resistance we notice 2 important 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 trend direction for 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.
Can you provide the MACD signal for Invesco Investment Grade Value Etf?
The MACD indicator for Invesco Investment Grade Value Etf (IIGV) has a value of 0.014968, indicating a bearish trend.
Can you provide the short term momentum for Invesco Investment Grade Value Etf?
The short term momentum for Invesco Investment Grade Value Etf (IIGV) is positive.