The Greedy Trader Weekly Analysis
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Weekly Price vs. Trendline:Testing Support
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Parabolic SAR Crossover - Stock market timing signals.

The Parabolic System is also known as a Stop and Reverse (Parabolic SAR) system, and it was developed by Welles Wilder, the author of the Relative Strength Index (RSI). Parabolic System is a trend following technique that is useful for catching new trends early. The Parabolic System used to set trailing price stops. The stops below the price are considered as bullish, above the price as bearish. Parabolic SAR crossover generates excellent buy and sell signals in trending market but tends to whipsaw during non-trending, sideways phases.

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- 4/5/2024 -
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Invesco Ltd. (IVZ) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance lineWeekly  MACD line has moved above its signal line
Daily :Broken trend resistance line20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the Invesco Ltd. (IVZ). During the week, the IVZ climbed 0.06 points, or 0.36%, and closed at 16.65 on Friday, April 5, 2024. IVZ was trading at average weekly trading volume.

IVZ is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See IVZ long-term trend chart]
A long-term downtrend had started on June 7, 2021 at 29.71 and reached 12.48 on October 25, 2023. IVZ lost 17.23 points, or 57.99%, in 124 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (12.17) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See IVZ medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 12.48 and reached 18.28 on January 8, 2024. IVZ gained -5.80 points, or -46.47%, in 10 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (15.77) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See IVZ weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See IVZ short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 14.91 and reached 17.12 on April 4, 2024. IVZ gained -2.21 points, or -14.82%, in 51 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (15.36) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See IVZ daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since February 29, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.93
Williams' Percentage Range (W%R) 34.70
Lane's Stochastic (%D-Slow) 75.62
Greed/Fear Indicator (GFI) 71.28
Moving Average Converg./Diverg. (MACD) 0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.03
Williams' Percentage Range (W%R) 32.70
Lane's Stochastic (%D-Slow) 43.59
Greed/Fear Indicator (GFI) 52.27
Moving Average Converg./Diverg. (MACD) 0.11
Trading Signals
Description Value Chart
Upper Bollinger Band 17.04
Daily Stochastic Crossing 16.83
Price 16.65
Parabolic System 16.19
Weekly Trendline Resistance 16.16
20 Day Moving Average 16.00
Weekly Stochastic Crossing 15.99
50 Day Moving Average 15.84
Quarterly Trendline Support 15.77
Monthly Trendline Support 15.37
Weekly Trendline Support 15.36
Lower Bollinger Band 15.22
Quarterly Trendline Resistance 15.04
Monthly Trendline Resistance 14.89
Yearly Trendline Resistance 14.12
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Asset Management & Custody Banks 71
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 15.19
Low Date 03/15/2024
High 17.12
High Date 04/04/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 16.16
Support 15.36
Low 14.91
Low Date 02/13/2024
High 17.12
High Date 04/04/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 14.89
Support 15.37
High 18.28
High Date 01/08/2024
Low 14.91
Low Date 02/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 15.04
Support 15.77
Low 12.48
Low Date 10/25/2023
High 18.28
High Date 01/08/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 14.12
Support 12.17
High 29.71
High Date 06/07/2021
Low 12.48
Low Date 10/25/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.