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Uptrend ExhaustionArchive
- 4/19/2024 -
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Invesco Ltd. (IVZ) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week for the Invesco Ltd. (IVZ). During the week, the IVZ climbed 0.03 points, or 0.20%, and closed at 15.37 on Friday, April 19, 2024. Weekly volume was -34% below average.
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 (12.14) 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 support line (16.40) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. IVZ may retest the broken support line. It is considered to be a resistance line now. 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 support 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 below its signal line. Such crossover is considered a bearish 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 Broadening Ascending Wedge chart pattern. The price is near the trend support (15.50) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.
 Daily Technical Indicators: [See IVZ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 10, 2024.
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