INVESCO QUALITY MUNI INC TR (IQI)
US46133G1076
Taking everything into account, IQI scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IQI is only an average performer.
IQI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.23, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IQI in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
9.18
When analyzing the support we can see 4 important areas.
- A support zone ranging from 10.06 to 10.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.90 from a horizontal line in the daily time frame.
- Strong support @9.54 from a horizontal line in the daily time frame.
- A support zone ranging from 9.27 to 9.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.24 to 10.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 |
|---|---|---|---|
| 10.30 | 10.09 | 0.21 (2.04%) | 25.00% |
| An entry @10.30. This is a Buy Stop order right above the resistance zone. | An exit @10.09. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.21 points, which is 2.04%. | For a 0.51% 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.
INVESCO QUALITY MUNI INC TR
NYSE:IQI (9/6/2024, 8:21:42 PM)
10.24
+0.01 (+0.1%)