INVESCO MUNICIPAL TRUST (VKQ)

US46131J1034

9.58  0 (0%)

Technical Rating and Analysis

7

Overall VKQ gets a technical rating of 7 out of 10. Although VKQ is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
VKQ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VKQ is lagging the market slightly.
When comparing the performance of all stocks over the past year, VKQ turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
In the last month VKQ has a been trading in a tight range between 9.30 and 9.63.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
VKQ Weekly chart
VKQ Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, VKQ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 9.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.56, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VKQ 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.
Support and Resistance Analysis

9.17

9.74

We found 1 important support area.

  • A support zone ranging from 9.26 to 9.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 9.59 to 9.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.94
Mansfield-1.03
10 Day High9.62
10 Day Low9.49
20 Day High9.63
20 Day Low9.3
52 Week High9.99
52 Week Low7.94
Performance
1 Week-0.21%
2 Weeks0.63%
1 Month2.35%
3 Month5.39%
6 Month6.21%
12 Month2.24%
2 Year-18.88%
3 Year-25.27%
5 Year-19.43%
10 Year-21.54%
15 Year-11.71%
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)57.66
LBB9.46
UBB9.62
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
9.659.480.17 (1.78%)25.00%
An entry @9.65. This is a Buy Stop order right above the resistance zone.An exit @9.48. 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 1.78%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.44%.

  • 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.
VKQ Daily chart

INVESCO MUNICIPAL TRUST

NYSE:VKQ (2/23/2024, 7:18:23 PM)

9.58

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.21%
2 Weeks0.63%
1 Month2.35%
3 Month5.39%
6 Month6.21%
12 Month2.24%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.07
ATR(20)%0.85%
ATR Inc
Range Today0.04
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High9.62
10 Day Low9.49
20 Day High9.63
20 Day Low9.3
52 Week High9.99
52 Week Low7.94
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume80.40K
Volume Incr-43.13%
Vol(5)78.92K
Vol(50)231.11K