INVESCO CEF INCOME COMPOSITE (PCEF) Stock Technical Analysis
NYSEARCA:PCEF - NYSE Arca - US46138E4044 - ETF - Currency: USD
Taking everything into account, PCEF scores 7 out of 10 in our technical rating. In the last year, PCEF was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
PCEF has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 19.16, a Stop Loss order could be placed below this zone.
More info and screens
17.14
We found 2 important support areas.
- A support zone ranging from 18.94 to 19.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.31 to 17.50. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.64 to 19.89. 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 PCEF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PCEF is up. |
| ChartMill Relative Strength | 50.29 | NEUTRAL | PCEF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PCEF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PCEF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PCEF is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.43 | NEUTRAL | The RSI value for PCEF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PCEF has a negative trend. |
| Stochastics (14,3) | 80.67 | OVERBOUGHT | The high Stochastics value suggests PCEF may be overbought. |
| Average True Range in percent/ATR (20) | 0.63 | LOW VOLATILITY | The low ATR as a percentage value for PCEF suggests low volalility. |
| Average Directional Index/ADX (14) | 25.05 | POSITIVE | The high ADX value value for PCEF suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.25 | 19.08 | 0.17 (0.88%) | 25.00% |
| An entry @19.25. This is a Buy Stop order right above the 10 day moving average. | An exit @19.08. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.17 points, which is 0.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.22%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
19.2
-0.11 (-0.57%)