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Uptrend ExhaustionArchive - 4/5/2024 - Sign In to see current Signals. |
Invesco Ltd. (IVZ) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | 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.
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