INVESCO VALUE MUNICIPAL INCO (IIM) Stock Technical Analysis
NYSE:IIM • US46132P1084
We assign a technical rating of 8 out of 10 to IIM. Although IIM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by IIM, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month IIM has a been trading in the 12.33 - 13.16 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, IIM outperforms 53% of them, which is more or less in line with the market.
Although IIM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
11.11
When analyzing the support we can see 3 important areas.
- A support zone ranging from 12.36 to 12.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.05 from a horizontal line in the daily time frame.
- A support zone ranging from 11.22 to 11.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.15 to 13.15. 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 | UP | POSITIVE | The long term trend for IIM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IIM is up. |
| ChartMill Relative Strength | 53.48 | NEUTRAL | IIM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IIM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IIM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IIM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.33 | OVERBOUGHT | The high RSI value suggests IIM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests IIM has a positive trend. |
| Stochastics (14,3) | 97.09 | OVERBOUGHT | The high Stochastics value suggests IIM may be overbought. |
| Average True Range in percent/ATR (20) | 0.73 | LOW VOLATILITY | The low ATR as a percentage value for IIM suggests low volalility. |
| Average Directional Index/ADX (14) | 38.69 | POSITIVE | The high ADX value value for IIM suggests a strong trend. |
13.14
+0.06 (+0.46%)
INVESCO VALUE MUNICIPAL INCO / IIM FAQ
What is the technical rating for IIM stock?
ChartMill assigns a technical rating of 8 / 10 to IIM.
What is the trend direction for IIM stock?
The current trend direction for INVESCO VALUE MUNICIPAL INCO (IIM) is Bullish.
What is the RSI signal for IIM stock?
INVESCO VALUE MUNICIPAL INCO (IIM) has an RSI value of 81.3334. This indicates that the stock is currently overbought.
What is the MACD signal for IIM stock?
The MACD indicator for INVESCO VALUE MUNICIPAL INCO (IIM) has a value of 0.0434722, indicating a bearish trend.
Can you provide the short term momentum for INVESCO VALUE MUNICIPAL INCO?
The short term momentum for INVESCO VALUE MUNICIPAL INCO (IIM) is positive.