INVESCO SENIOR INCOME TRUST (VVR) Stock Technical Analysis
NYSE:VVR - New York Stock Exchange, Inc. - US46131H1077 - Currency: USD
Overall VVR gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. VVR was also a bad performer in the overall market in the last year.
VVR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VVR 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.
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3.51
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.70 to 3.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.64 to 3.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.55 to 3.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- Resistance @3.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.04 to 4.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.16 to 4.16. 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 | DOWN | NEGATIVE | The long term trend for VVR is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VVR is up. |
| ChartMill Relative Strength | 24.97 | NEGATIVE | VVR has a low relative strength, it was outperformed by 75.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VVR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VVR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VVR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.83 | NEUTRAL | The RSI value for VVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests VVR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.84 | NEUTRAL | The Stochastics value for VVR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for VVR suggests low volalility. |
| Average Directional Index/ADX (14) | 12.36 | NEGATIVE | The low ADX value for VVR suggests a weak or negative trend. |
3.74
+0.02 (+0.54%)