INVESCO VARIABLE RATE PREFER (VRP) Stock Technical Analysis
NYSEARCA:VRP - NYSE Arca - US46138G8704 - ETF - Currency: USD
Taking everything into account, VRP scores 6 out of 10 in our technical rating. VRP has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, VRP does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 24.20, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
23.09
We found 1 important support area.
- A support zone ranging from 23.32 to 24.20. 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 24.63 to 24.64. 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 | NEUTRAL | NEUTRAL | The long term trend for VRP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRP is up. |
| ChartMill Relative Strength | 48.81 | NEUTRAL | VRP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VRP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VRP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of VRP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.86 | NEUTRAL | The RSI value for VRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests VRP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.59 | OVERBOUGHT | The high Stochastics value suggests VRP may be overbought. |
| Average True Range in percent/ATR (20) | 0.33 | LOW VOLATILITY | The low ATR as a percentage value for VRP suggests low volalility. |
| Average Directional Index/ADX (14) | 12.18 | NEGATIVE | The low ADX value for VRP suggests a weak or negative 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 |
|---|---|---|---|
| 24.33 | 24.03 | 0.30 (1.23%) | 25.00% |
| An entry @24.33. This is a Buy Stop order right above the 10 day high. | An exit @24.03. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.30 points, which is 1.23%. | For a 0.31% 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.
24.27
+0.01 (+0.04%)