VKIInvesco Advantage Municipal Income Trust II
Invesco Advantage Municipal Income Trust II NYSE
Trading Signals
Overall Signal
SELL
Strong sellish signal based on multiple indicators.
Key Price Levels
Support Levels
- Strong Support $7.94
- Medium Support $8.01
- Weak Support $8.07
Resistance Levels
- Weak Resistance $8.21
- Medium Resistance $8.27
- Strong Resistance $8.34
Stop Loss Suggestions
- Conservative $8.19
- Moderate $8.24
- Aggressive $8.3
Signal Breakdown
| Indicator | Signal | Strength | Timeframe |
|---|---|---|---|
| Moving Averages | SELL |
|
Short & Medium Term |
| Oscillators | SELL |
|
Short Term |
| Trend Indicators | SELL |
|
Medium Term |
| Volume Indicators | SELL |
|
Short & Medium Term |
| Support/Resistance | NEUTRAL |
|
Short Term |
Stock Price Prediction
Price Target Probabilities
Quarterly Outlook
Bullish Scenario
9.3% ProbabilityStrong upward momentum and confirmed bullish trend, with potential for significant price appreciation. Indicators point to sustained buying pressure. ADX (22.50) indicates a developing or moderate trend. -DI > +DI suggests bearish directional bias. RSI (45.84) is in bearish territory, indicating downward momentum. MACD line (-0.07) is below Signal line (-0.05) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.22, indicating the average weekly price range.
Base Scenario
44.19% ProbabilityPrice is likely to continue its moderate trajectory, reflecting underlying market conditions and historical volatility. Indicators suggest a balanced outlook. ADX (22.50) indicates a developing or moderate trend. -DI > +DI suggests bearish directional bias. RSI (45.84) is in bearish territory, indicating downward momentum. MACD line (-0.07) is below Signal line (-0.05) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.22, indicating the average weekly price range.
Bearish Scenario
46.51% ProbabilityIncreased selling pressure and potential for a significant price correction or downtrend. Indicators suggest waning bullish momentum or strengthening bearish forces. ADX (22.50) indicates a developing or moderate trend. -DI > +DI suggests bearish directional bias. RSI (45.84) is in bearish territory, indicating downward momentum. MACD line (-0.07) is below Signal line (-0.05) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.22, indicating the average weekly price range.
Annual Outlook
Bullish Scenario
9.3% ProbabilityLong-term bullish trend with strong fundamental catalysts and sustained institutional buying. Expect significant capital appreciation over the year. ADX (22.50) indicates a developing or moderate trend. -DI > +DI suggests bearish directional bias. RSI (45.84) is in bearish territory, indicating downward momentum. MACD line (-0.07) is below Signal line (-0.05) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.22, indicating the average weekly price range.
Base Scenario
44.19% ProbabilitySteady long-term growth consistent with market and industry averages. Price expected to follow a typical growth trajectory. ADX (22.50) indicates a developing or moderate trend. -DI > +DI suggests bearish directional bias. RSI (45.84) is in bearish territory, indicating downward momentum. MACD line (-0.07) is below Signal line (-0.05) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.22, indicating the average weekly price range.
Bearish Scenario
46.51% ProbabilityLong-term bearish trend with significant headwinds from economic factors, industry disruption, or company-specific issues. Expect notable price depreciation. ADX (22.50) indicates a developing or moderate trend. -DI > +DI suggests bearish directional bias. RSI (45.84) is in bearish territory, indicating downward momentum. MACD line (-0.07) is below Signal line (-0.05) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.22, indicating the average weekly price range.
Technical Analysis
Trend Identification
EMA
Exponential Moving Average
Current price (8.14) is below both Short MA (8.21) and Long MA (8.32). This indicates strong bearish momentum. Short MA (8.21) is below Long MA (8.32), a bearish crossover ('Death Cross' if it's a significant period). This indicates a downward trend. All MAs are in bearish order (Price < Short MA < Long MA < Very Long MA 8.54). This is a strong bearish alignment. Consider short positions. Use the MAs as dynamic resistance levels.
MACD
Moving Average Convergence Divergence
MACD line is above the Signal line (bullish crossover). This indicates upward momentum. Histogram (0.0000) is positive but contracting, or just turned positive, indicating bullish momentum might be slowing or just beginning. Both MACD and Signal lines are below the zero line, reinforcing bearish momentum (bearish territory). A bullish crossover below the zero line can indicate a reversal from a prior downtrend. Consider this as a potential early buy signal.
ADX
Average Directional Index
ADX (27.15) indicates a strong trend is present. -DI (30.19) is above +DI (15.20), suggesting a bearish directional bias. This combination points to a strong downward trend. Consider taking short positions, as the strong downward trend is confirmed.
Momentum Measurement
RSI
Relative Strength Index
RSI (39.72) is in the bearish territory, but not yet oversold. This indicates downward momentum. Monitor for continuation or signs of strength.
Stochastic
Stochastic Oscillator
Stochastics (%K: 47.22, %D: 68.58) are in the neutral zone (between 20 and 80). A bearish crossover (%K below %D) is observed. This indicates downward momentum. Be cautious if it's already in the oversold region.
CCI
Commodity Channel Index
CCI (-78.05) is between -100 and 0. This indicates bearish momentum is present, but not yet extreme. A move below 0 from positive territory (bearish zero-line cross) can indicate a potential sell signal.
MACD
Momentum Perspective
MACD line is above the Signal line (bullish crossover). This indicates upward momentum. Histogram (0.0000) is positive but contracting, or just turned positive, indicating bullish momentum might be slowing or just beginning. Both MACD and Signal lines are below the zero line, reinforcing bearish momentum (bearish territory). A bullish crossover below the zero line can indicate a reversal from a prior downtrend. Consider this as a potential early buy signal.
Volatility Measurement
ATR
Average True Range
Current ATR is 0.0800. ATR indicates average volatility. Market conditions are relatively stable.
Bollinger Bands
Volatility Bands
Current price (8.14) is within the Bollinger Bands (8.11 - 8.30). This suggests the price is trading within its typical volatility range. Price is below the Middle Band (8.21), indicating short-term bearish bias.
Volume Analysis
OBV
On-Balance Volume
OBV (496942.00) is falling, indicating selling pressure and distribution. Price is falling and OBV is falling. This is bearish confirmation, indicating selling pressure supports the price decrease. Consider holding short positions or initiating new ones. Volume is supporting the trend.
Risk Management & Potential Reversals
SAR
Parabolic Stop and Reverse
SAR points below price indicate bullish trend. Current SAR at 8.11 is 0.37% from price. Consider SAR as a potential stop-loss level to protect gains in an uptrend.
RSI
Reversal Perspective
Current RSI level is in neutral territory. No RSI divergence detected. Current RSI level doesn't suggest imminent reversal.
Stochastic
Neutral
Stochastic is in neutral territory (47.2). No clear overbought/oversold signal. Current crossover status: Bearish.
Bollinger Bands
Reversal Perspective
Bands show normal bandwidth. Price is in the lower half of the bands, suggesting a bearish bias.No indication of imminent volatility expansion or reversal.