INVESCO QUALITY MUNI INC TR (IQI) Stock Technical Analysis
NYSE:IQI - New York Stock Exchange, Inc. - US46133G1076 - Currency: USD
We assign a technical rating of 0 out of 10 to IQI. IQI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
IQI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.33, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IQI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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8.99
We found 1 important support area.
- A support zone ranging from 9.08 to 9.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.39 to 9.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.21 to 10.51. 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 IQI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IQI is down. |
| ChartMill Relative Strength | 33.32 | NEUTRAL | IQI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IQI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IQI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IQI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.72 | NEUTRAL | The RSI value for IQI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests IQI has a positive trend. |
| Stochastics (14,3) | 50.94 | NEUTRAL | The Stochastics value for IQI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.02 | LOW VOLATILITY | The low ATR as a percentage value for IQI suggests low volalility. |
| Average Directional Index/ADX (14) | 29.82 | POSITIVE | The high ADX value value for IQI suggests a strong trend. |
NYSE:IQI (6/2/2025, 8:10:39 PM)
9.38
0 (0%)