INVESCO TRUST FOR INVESTMEN (VGM)       10.37  -0.05 (-0.48%)

10.37  -0.05 (-0.48%)

US46131M1062

Technical Rating

8

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.



The long and short term trends are both positive. This is looking good!
In the last month VGM has a been trading in the 9.90 - 10.55 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, VGM outperforms 43% of them, which is more or less in line with the market.
VGM is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 4.75% 14.46% -4.86% -15.69% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 43.54 9 - 12.4056
VGM Weekly chart
VGM Daily chart

Support/Resistance Analysis


8.92

11.01
When analyzing the support we can see 2 important areas.
  • 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.
When analyzing the resistance we notice 2 important areas.
  • 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

8

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.


ENTRYEXITDISTANCECAPITAL
10.4510.220.23 (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.
VGM Daily chart

INVESCO TRUST FOR INVESTMEN10.37

NYSE:VGM (2/3/2023, 7:14:05 PM)-0.05 (-0.48%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A

Performance
Today -0.48% 1 Week 0.68%
2 Weeks 0.39% 1 Month 4.75%
3 Month 14.46% 6 Month -4.86%

Volatility
ATR(14) 0.12 ATR(20)% 1.17%
ATR Inc -30.94% Range Today 0.09

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
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

Volume & EV
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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