INVESCO TRUST FOR INVESTMEN (VGM) 10.37 -0.05 (-0.48%)
10.37 -0.05 (-0.48%)
US46131M1062
Technical Rating
Taking everything into account, VGM scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, VGM is only an average performer.
Statistics
Support/Resistance Analysis
8.92
- A support zone ranging from 9.98 to 10.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.01 to 9.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 10.37 to 10.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.90 from a horizontal line in the daily time frame.
Setup Analysis
Setup Rating
Besides having an excellent technical rating, VGM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for VGM in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Possible Trading Setup
Given the decent technical rating and the setup score, we can suggest the following trade.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.45 | 10.22 | 0.23 (2.20%) | 25.00% |
| An entry @10.45. This is a Buy Stop order right above the resistance zone. | An exit @10.22. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.23 points, which is 2.20%. | For a 0.55% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
INVESCO TRUST FOR INVESTMEN10.37
NYSE:VGM (2/3/2023, 7:14:05 PM)-0.05 (-0.48%)
| GICS Sector | N/A | ||
| GICS Industry | N/A | ||
| Today | -0.48% | 1 Week | 0.68% |
| 2 Weeks | 0.39% | 1 Month | 4.75% |
| 3 Month | 14.46% | 6 Month | -4.86% |
| ATR(14) | 0.12 | ATR(20)% | 1.17% |
| ATR Inc | -30.94% | Range Today | 0.09 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 43.54 | Mansfield | -0.34 |
| 10 Day High | 10.55 | 10 Day Low | 10.23 |
| 20 Day High | 10.55 | 20 Day Low | 9.9 |
| 52 Week High | 12.41 | 52 Week Low | 9 |
| CS1 End | 10.06 | CR1 Start | 10.37 |
| DER(3) | 9.36% | DER(5) | 6.67% |
| Volume | 123.10K | Volume Incr | 2.11% |
| Vol(5) | 163.20K | Vol(50) | 182.37K |
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