INVESCO MUNICIPAL INCOME OPP (OIA) Stock Technical Analysis
NYSE:OIA - New York Stock Exchange, Inc. - US46132X1019 - Currency: USD
Overall OIA gets a technical rating of 0 out of 10. OIA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, OIA is a bad performer in the overall market: 80% of all stocks are doing better.
OIA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OIA is lagging the market.
In the last month OIA has a been trading in a tight range between 5.55 and 5.83.
Although the technical rating is bad, OIA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.62, a Stop Loss order could be placed below this zone.
More info and screens
5.50
6.77
We found 1 important support area.
- A support zone ranging from 5.56 to 5.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 5.65 to 5.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.91 from a horizontal line in the daily time frame.
- A resistance zone ranging from 6.21 to 6.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.70 from a horizontal line in the weekly time frame.
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 OIA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OIA is down. |
| ChartMill Relative Strength | 20.21 | NEGATIVE | OIA has a low relative strength, it was outperformed by 79.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OIA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OIA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OIA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.68 | NEUTRAL | The RSI value for OIA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests OIA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.66 | OVERSOLD | The low Stochastics value suggests OIA may be oversold. |
| Average True Range in percent/ATR (20) | 1.02 | LOW VOLATILITY | The low ATR as a percentage value for OIA suggests low volalility. |
| Average Directional Index/ADX (14) | 23.72 | NEUTRAL | The ADX value for OIA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.63
+0.05 (+0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.9%
1 Week0.9%
2 Weeks0.72%
1 Month-2.76%
3 Month-4.58%
6 Month-9.05%
12 Month-13.98%
2 Year-11.2%
3 Year-15.59%
5 Year-24.23%
10 Year-15.08%
15 Year-20.59%
Volatility
ATR(14)0.05
ATR(20)%1.02%
ATR Inc-9.2%
Range Today0.06
ADR(20)0.06
ADR(20)%0.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.21
Mansfield-1.44
10 Day High5.65
10 Day Low5.56
20 Day High5.83
20 Day Low5.56
52 Week High6.99
52 Week Low5.43
CS1 End5.62
CR1 Start5.65
Volume & EV
DER(3)1.86%
DER(5)1.26%
Volume168.90K
Volume Incr-4.86%
Vol(5)135.88K
Vol(50)138.44K