VRP Invesco Variable Rate Preferred ETF Forecast, Technical & Fundamental Analysis
VRP in +0.35% Uptrend, advancing for three consecutive days on December 07, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where VRP advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on VRP as a result. In of 65 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
VRP moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for VRP crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 8 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 455 cases where VRP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 19 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where VRP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
VRP broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category WorldStock
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| JWGRX | 93.25 | 0.62 | +0.67% |
| Janus Henderson Global Research S | |||
| FFPNX | 56.24 | 0.28 | +0.50% |
| American Funds New Perspective 529-F-2 | |||
| HLMGX | 37.07 | 0.09 | +0.24% |
| Harding Loevner Global Equity Advisor | |||
| MLULX | 11.60 | 0.02 | +0.17% |
| MassMutual Mid Cap Value Adm | |||
| CSAZX | 12.33 | -0.03 | -0.24% |
| Columbia Global Opportunities Inst | |||
VRP and
Correlation & Price change
A.I.dvisor indicates that over the last year, VRP has been closely correlated with FPE. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if VRP jumps, then FPE could also see price increases.
| Ticker / NAME | Correlation To VRP | 1D Price Change % | ||
|---|---|---|---|---|
| VRP | 100% | -0.18% | ||
| FPE - VRP | 85% Closely correlated | N/A | ||
| PFF - VRP | 77% Closely correlated | -0.20% | ||
| FPEI - VRP | 77% Closely correlated | +0.29% | ||
| IPPP - VRP | 76% Closely correlated | -0.26% | ||
| PGF - VRP | 76% Closely correlated | -0.35% | ||
More | ||||