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Invesco Municipal Trust
Buy, Hold or Sell?

Let's analyse Invesco together

PenkeI guess you are interested in Invesco Municipal Trust. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Invesco Municipal Trust. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Invesco (30 sec.)










What can you expect buying and holding a share of Invesco? (30 sec.)

How much money do you get?

How much money do you get?
$2.01
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$10.64
Expected worth in 1 year
$1.96
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
$-6.67
Return On Investment
-69.8%

For what price can you sell your share?

Current Price per Share
$9.55
Expected price per share
$9.2554079655544 - $10.03
How sure are you?
50%

1. Valuation of Invesco (5 min.)




Live pricePrice per Share (EOD)

$9.55

Intrinsic Value Per Share

$11.41 - $43.02

Total Value Per Share

$22.05 - $53.66

2. Growth of Invesco (5 min.)




Is Invesco growing?

Current yearPrevious yearGrowGrow %
How rich?$588.8m$708.8m-$120m-20.4%

How much money is Invesco making?

Current yearPrevious yearGrowGrow %
Making money-$90.4m-$2.6m-$87.7m-97.0%
Net Profit Margin100.4%117.1%--

How much money comes from the company's main activities?

3. Financial Health of Invesco (5 min.)




4. Comparing to competitors in the Asset Management industry (5 min.)




  Industry Rankings (Asset Management)  


Richest
#223 / 763

Most Revenue
#741 / 763

Most Profit
#732 / 763

Most Efficient
#182 / 763

What can you expect buying and holding a share of Invesco? (5 min.)

Welcome investor! Invesco's management wants to use your money to grow the business. In return you get a share of Invesco.

What can you expect buying and holding a share of Invesco?

First you should know what it really means to hold a share of Invesco. And how you can make/lose money.

Speculation

The Price per Share of Invesco is $9.55. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Invesco.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Invesco, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $10.64. Based on the TTM, the Book Value Change Per Share is $-2.17 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.67 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.50 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Invesco.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-1.63-17.1%-1.63-17.1%-0.05-0.5%0.111.1%0.313.2%
Usd Book Value Change Per Share-2.17-22.7%-2.17-22.7%-0.67-7.0%-0.50-5.2%-0.39-4.1%
Usd Dividend Per Share0.505.3%0.505.3%0.626.5%0.596.1%0.697.2%
Usd Total Gains Per Share-1.67-17.5%-1.67-17.5%-0.05-0.5%0.090.9%0.303.1%
Usd Price Per Share8.78-8.78-13.09-11.44-11.92-
Price to Earnings Ratio-5.37--5.37--270.63--28.03-14.66-
Price-to-Total Gains Ratio-5.27--5.27--270.04--30.16-13.51-
Price to Book Ratio0.83-0.83-1.02-0.89-0.90-
Price-to-Total Gains Ratio-5.27--5.27--270.04--30.16-13.51-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share9.55
Number of shares104
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.500.59
Usd Book Value Change Per Share-2.17-0.50
Usd Total Gains Per Share-1.670.09
Gains per Quarter (104 shares)-173.379.15
Gains per Year (104 shares)-693.5036.61
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1209-902-703244-20727
2418-1805-1396488-41564
3626-2707-2089732-622101
4835-3609-2782976-830138
51044-4512-34751220-1037175
61253-5414-41681464-1244212
71462-6316-48611708-1452249
81670-7218-55541952-1659286
91879-8121-62472196-1867323
102088-9023-69402440-2074360

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%1.02.00.033.3%3.02.00.060.0%7.03.00.070.0%14.06.00.070.0%
Book Value Change Per Share0.01.00.00.0%0.03.00.00.0%1.04.00.020.0%2.08.00.020.0%9.011.00.045.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%20.00.00.0100.0%
Total Gains per Share0.01.00.00.0%1.02.00.033.3%3.02.00.060.0%7.03.00.070.0%14.06.00.070.0%

Fundamentals of Invesco

About Invesco Municipal Trust

Invesco Municipal Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd. It primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. The fund employs fundamental analysis with bottom-up security selection approach to create its portfolio. It was formerly known as Invesco Van Kampen Municipal Trust. Invesco Municipal Trust was formed on September 27, 1991 and is domiciled in the United States.

Fundamental data was last updated by Penke on 2024-03-14 13:33:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is unable to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Invesco Municipal Trust.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Invesco earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Invesco to the Asset Management industry mean.
  • A Net Profit Margin of 100.4% means that $1.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Invesco Municipal Trust:

  • The MRQ is 100.4%. The company is making a huge profit. +2
  • The TTM is 100.4%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ100.4%TTM100.4%0.0%
TTM100.4%YOY117.1%-16.6%
TTM100.4%5Y101.7%-1.2%
5Y101.7%10Y80.5%+21.2%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ100.4%62.0%+38.4%
TTM100.4%63.5%+36.9%
YOY117.1%71.0%+46.1%
5Y101.7%62.9%+38.8%
10Y80.5%58.3%+22.2%
1.1.2. Return on Assets

Shows how efficient Invesco is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Invesco to the Asset Management industry mean.
  • -9.3% Return on Assets means that Invesco generated $-0.09 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Invesco Municipal Trust:

  • The MRQ is -9.3%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -9.3%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-9.3%TTM-9.3%0.0%
TTM-9.3%YOY-0.2%-9.0%
TTM-9.3%5Y0.1%-9.3%
5Y0.1%10Y1.1%-1.1%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ-9.3%0.8%-10.1%
TTM-9.3%0.9%-10.2%
YOY-0.2%1.0%-1.2%
5Y0.1%1.5%-1.4%
10Y1.1%2.1%-1.0%
1.1.3. Return on Equity

Shows how efficient Invesco is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Invesco to the Asset Management industry mean.
  • -15.4% Return on Equity means Invesco generated $-0.15 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Invesco Municipal Trust:

  • The MRQ is -15.4%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -15.4%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-15.4%TTM-15.4%0.0%
TTM-15.4%YOY-0.4%-15.0%
TTM-15.4%5Y0.1%-15.4%
5Y0.1%10Y15.6%-15.5%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ-15.4%1.7%-17.1%
TTM-15.4%2.0%-17.4%
YOY-0.4%1.9%-2.3%
5Y0.1%2.6%-2.5%
10Y15.6%3.2%+12.4%

1.2. Operating Efficiency of Invesco Municipal Trust.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Invesco is operating .

  • Measures how much profit Invesco makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Invesco to the Asset Management industry mean.
  • An Operating Margin of 100.4% means the company generated $1.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Invesco Municipal Trust:

  • The MRQ is 100.4%. The company is operating very efficient. +2
  • The TTM is 100.4%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ100.4%TTM100.4%0.0%
TTM100.4%YOY117.1%-16.6%
TTM100.4%5Y92.5%+8.0%
5Y92.5%10Y82.1%+10.4%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ100.4%80.3%+20.1%
TTM100.4%62.8%+37.6%
YOY117.1%70.7%+46.4%
5Y92.5%55.7%+36.8%
10Y82.1%50.4%+31.7%
1.2.2. Operating Ratio

Measures how efficient Invesco is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Asset Management industry mean).
  • An Operation Ratio of 1.48 means that the operating costs are $1.48 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Invesco Municipal Trust:

  • The MRQ is 1.483. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.483. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.483TTM1.4830.000
TTM1.483YOY20.114-18.631
TTM1.4835Y3.338-1.855
5Y3.33810Y1.822+1.516
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4830.420+1.063
TTM1.4830.445+1.038
YOY20.1140.335+19.779
5Y3.3380.430+2.908
10Y1.8220.483+1.339

1.3. Liquidity of Invesco Municipal Trust.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Invesco is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Asset Management industry mean).
  • A Current Ratio of 1.98 means the company has $1.98 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Invesco Municipal Trust:

  • The MRQ is 1.981. The company is able to pay all its short-term debts. +1
  • The TTM is 1.981. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.981TTM1.9810.000
TTM1.981YOY1.750+0.231
TTM1.9815Y5.197-3.216
5Y5.19710Y4.401+0.796
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9813.222-1.241
TTM1.9813.191-1.210
YOY1.7503.840-2.090
5Y5.1975.526-0.329
10Y4.4016.549-2.148
1.3.2. Quick Ratio

Measures if Invesco is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Invesco to the Asset Management industry mean.
  • A Quick Ratio of -8.36 means the company can pay off $-8.36 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Invesco Municipal Trust:

  • The MRQ is -8.360. The company is unable to pay all its short-term debts with the most liquid assets. -2
  • The TTM is -8.360. The company is unable to pay all its short-term debts with the most liquid assets. -2
Trends
Current periodCompared to+/- 
MRQ-8.360TTM-8.3600.000
TTM-8.360YOY-28.884+20.525
TTM-8.3605Y-53.308+44.949
5Y-53.30810Y-22.919-30.389
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.3603.184-11.544
TTM-8.3603.532-11.892
YOY-28.8844.139-33.023
5Y-53.3086.715-60.023
10Y-22.9196.060-28.979

1.4. Solvency of Invesco Municipal Trust.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Invesco assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Invesco to Asset Management industry mean.
  • A Debt to Asset Ratio of 0.40 means that Invesco assets are financed with 39.7% credit (debt) and the remaining percentage (100% - 39.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Invesco Municipal Trust:

  • The MRQ is 0.397. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.397. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.397TTM0.3970.000
TTM0.397YOY0.396+0.001
TTM0.3975Y0.392+0.005
5Y0.39210Y0.3920.000
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3970.183+0.214
TTM0.3970.180+0.217
YOY0.3960.185+0.211
5Y0.3920.190+0.202
10Y0.3920.188+0.204
1.4.2. Debt to Equity Ratio

Measures if Invesco is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Invesco to the Asset Management industry mean.
  • A Debt to Equity ratio of 65.8% means that company has $0.66 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Invesco Municipal Trust:

  • The MRQ is 0.658. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.658. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.658TTM0.6580.000
TTM0.658YOY0.656+0.002
TTM0.6585Y0.645+0.013
5Y0.64510Y26.196-25.551
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6580.210+0.448
TTM0.6580.220+0.438
YOY0.6560.227+0.429
5Y0.6450.250+0.395
10Y26.1960.260+25.936

2. Market Valuation of Invesco Municipal Trust

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Invesco generates.

  • Above 15 is considered overpriced but always compare Invesco to the Asset Management industry mean.
  • A PE ratio of -5.37 means the investor is paying $-5.37 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Invesco Municipal Trust:

  • The EOD is -5.844. Based on the earnings, the company is expensive. -2
  • The MRQ is -5.373. Based on the earnings, the company is expensive. -2
  • The TTM is -5.373. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-5.844MRQ-5.373-0.471
MRQ-5.373TTM-5.3730.000
TTM-5.373YOY-270.633+265.260
TTM-5.3735Y-28.026+22.653
5Y-28.02610Y14.657-42.683
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD-5.8445.619-11.463
MRQ-5.3735.505-10.878
TTM-5.3735.667-11.040
YOY-270.6333.801-274.434
5Y-28.0265.342-33.368
10Y14.6577.598+7.059
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Invesco Municipal Trust:

  • The EOD is 4.253. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 3.910. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 3.910. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD4.253MRQ3.910+0.343
MRQ3.910TTM3.9100.000
TTM3.910YOY18.108-14.197
TTM3.9105Y26.089-22.179
5Y26.08910Y22.887+3.203
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD4.2534.635-0.382
MRQ3.9104.286-0.376
TTM3.9103.311+0.599
YOY18.1082.052+16.056
5Y26.0892.207+23.882
10Y22.8872.479+20.408
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Invesco is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Asset Management industry mean).
  • A PB ratio of 0.83 means the investor is paying $0.83 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Invesco Municipal Trust:

  • The EOD is 0.897. Based on the equity, the company is cheap. +2
  • The MRQ is 0.825. Based on the equity, the company is cheap. +2
  • The TTM is 0.825. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.897MRQ0.825+0.072
MRQ0.825TTM0.8250.000
TTM0.825YOY1.022-0.197
TTM0.8255Y0.895-0.069
5Y0.89510Y0.903-0.008
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD0.8970.927-0.030
MRQ0.8250.911-0.086
TTM0.8250.910-0.085
YOY1.0220.983+0.039
5Y0.8951.008-0.113
10Y0.9031.157-0.254
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Invesco Municipal Trust.

3.1. Insider Transactions

Insiders are holding 0.002% of the shares of Invesco Municipal Trust.

DateOwnerTypeAmountPricePost Transaction AmountLink
2015-04-15Rodney F DammeyerSELL2500012.69
2014-08-14Rodney F DammeyerBUY1993012.48
2014-07-10Rodney F DammeyerBUY2033012.23
2013-12-19Rodney F DammeyerBUY2176011.5

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Invesco Municipal Trust compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---2.169-2.1690%-0.673-69%-0.499-77%-0.391-82%
Book Value Per Share--10.64110.6410%12.810-17%12.755-17%13.185-19%
Current Ratio--1.9811.9810%1.750+13%5.197-62%4.401-55%
Debt To Asset Ratio--0.3970.3970%0.396+0%0.392+1%0.392+1%
Debt To Equity Ratio--0.6580.6580%0.656+0%0.645+2%26.196-97%
Dividend Per Share--0.5020.5020%0.624-20%0.587-14%0.689-27%
Eps---1.634-1.6340%-0.048-97%0.105-1652%0.306-634%
Free Cash Flow Per Share--2.2452.2450%0.723+211%0.992+126%0.876+156%
Free Cash Flow To Equity Per Share--0.2020.2020%0.003+6766%-0.014+107%-0.006+103%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--43.021--------
Intrinsic Value_10Y_min--11.409--------
Intrinsic Value_1Y_max--2.011--------
Intrinsic Value_1Y_min--0.953--------
Intrinsic Value_3Y_max--7.794--------
Intrinsic Value_3Y_min--3.046--------
Intrinsic Value_5Y_max--15.691--------
Intrinsic Value_5Y_min--5.321--------
Market Cap528454025.000+8%485845690.000485845690.0000%724341695.000-33%632993844.660-23%659632357.830-26%
Net Profit Margin--1.0041.0040%1.171-14%1.017-1%0.805+25%
Operating Margin--1.0041.0040%1.171-14%0.925+9%0.821+22%
Operating Ratio--1.4831.4830%20.114-93%3.338-56%1.822-19%
Pb Ratio0.897+8%0.8250.8250%1.022-19%0.895-8%0.903-9%
Pe Ratio-5.844-9%-5.373-5.3730%-270.633+4937%-28.026+422%14.657-137%
Price Per Share9.550+8%8.7808.7800%13.090-33%11.436-23%11.919-26%
Price To Free Cash Flow Ratio4.253+8%3.9103.9100%18.108-78%26.089-85%22.887-83%
Price To Total Gains Ratio-5.729-9%-5.267-5.2670%-270.043+5027%-30.158+473%13.507-139%
Quick Ratio---8.360-8.3600%-28.884+246%-53.308+538%-22.919+174%
Return On Assets---0.093-0.0930%-0.002-98%0.001-14654%0.011-918%
Return On Equity---0.154-0.1540%-0.004-98%0.001-20744%0.156-198%
Total Gains Per Share---1.667-1.6670%-0.048-97%0.088-1994%0.298-660%
Usd Book Value--588810576.000588810576.0000%708833765.000-17%706003032.800-17%729704646.900-19%
Usd Book Value Change Per Share---2.169-2.1690%-0.673-69%-0.499-77%-0.391-82%
Usd Book Value Per Share--10.64110.6410%12.810-17%12.755-17%13.185-19%
Usd Dividend Per Share--0.5020.5020%0.624-20%0.587-14%0.689-27%
Usd Eps---1.634-1.6340%-0.048-97%0.105-1652%0.306-634%
Usd Free Cash Flow--124246329.000124246329.0000%40001835.000+211%54876170.800+126%48492196.000+156%
Usd Free Cash Flow Per Share--2.2452.2450%0.723+211%0.992+126%0.876+156%
Usd Free Cash Flow To Equity Per Share--0.2020.2020%0.003+6766%-0.014+107%-0.006+103%
Usd Market Cap528454025.000+8%485845690.000485845690.0000%724341695.000-33%632993844.660-23%659632357.830-26%
Usd Price Per Share9.550+8%8.7808.7800%13.090-33%11.436-23%11.919-26%
Usd Profit---90424212.000-90424212.0000%-2676468.000-97%5851676.800-1645%16949860.200-633%
Usd Revenue---90022611.000-90022611.0000%-2286227.000-97%6355915.000-1516%28646042.200-414%
Usd Total Gains Per Share---1.667-1.6670%-0.048-97%0.088-1994%0.298-660%
 EOD+4 -4MRQTTM+0 -0YOY+12 -235Y+12 -2310Y+14 -21

4.2. Fundamental Score

Let's check the fundamental score of Invesco Municipal Trust based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-5.844
Price to Book Ratio (EOD)Between0-10.897
Net Profit Margin (MRQ)Greater than01.004
Operating Margin (MRQ)Greater than01.004
Quick Ratio (MRQ)Greater than1-8.360
Current Ratio (MRQ)Greater than11.981
Debt to Asset Ratio (MRQ)Less than10.397
Debt to Equity Ratio (MRQ)Less than10.658
Return on Equity (MRQ)Greater than0.15-0.154
Return on Assets (MRQ)Greater than0.05-0.093
Total6/10 (60.0%)

4.3. Technical Score

Let's check the technical score of Invesco Municipal Trust based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.610
Ma 20Greater thanMa 509.614
Ma 50Greater thanMa 1009.532
Ma 100Greater thanMa 2009.312
OpenGreater thanClose9.570
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2018-10-312019-10-312020-10-312021-10-312022-10-31
Retained Earnings  13,30961,17374,482-27,11647,366-37,05510,311-118,155-107,844



Latest Balance Sheet

Balance Sheet of 2022-10-31. Currency in USD. All numbers in thousands.

Summary
Total Assets976,064
Total Liabilities387,254
Total Stockholder Equity588,811
 As reported
Total Liabilities 387,254
Total Stockholder Equity+ 588,811
Total Assets = 976,064

Assets

Total Assets976,064
Total Current Assets30,830
Long-term Assets945,231
Total Current Assets
Cash And Cash Equivalents 13,825
Short-term Investments -160,936
Net Receivables 17,005
Total Current Assets  (as reported)30,830
Total Current Assets  (calculated)-130,106
+/- 160,936
Long-term Assets
Long Term Investments 945,231
Other Assets 3
Long-term Assets  (as reported)945,231
Long-term Assets  (calculated)945,234
+/- 3

Liabilities & Shareholders' Equity

Total Current Liabilities15,564
Long-term Liabilities108,650
Total Stockholder Equity588,811
Total Current Liabilities
Accounts payable 15,564
Other Current Liabilities -15,564
Total Current Liabilities  (as reported)15,564
Total Current Liabilities  (calculated)0
+/- 15,564
Long-term Liabilities
Long-term Liabilities  (as reported)108,650
Long-term Liabilities  (calculated)0
+/- 108,650
Total Stockholder Equity
Common Stock696,655
Retained Earnings -107,844
Total Stockholder Equity (as reported)588,811
Total Stockholder Equity (calculated)588,811
+/-0
Other
Capital Stock696,655
Cash and Short Term Investments 13,825
Common Stock Shares Outstanding 55,137
Liabilities and Stockholders Equity 976,064
Net Debt 94,825
Net Invested Capital 697,461
Net Working Capital 15,266
Short Long Term Debt Total 108,650



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2022-10-312021-10-312020-10-312019-10-312018-10-312017-10-312016-10-312015-10-312014-10-312013-10-312012-10-312011-10-312010-10-312009-10-312008-10-312007-10-312006-10-312005-10-312004-10-312003-10-31
> Total Assets 
908,100
915,300
972,300
1,087,800
1,157,800
798,300
861,600
801,300
904,600
1,279,100
1,202,900
1,274,780
1,273,627
1,236,283
1,211,144
1,177,814
1,268,379
1,208,180
1,173,888
976,064
976,0641,173,8881,208,1801,268,3791,177,8141,211,1441,236,2831,273,6271,274,7801,202,9001,279,100904,600801,300861,600798,3001,157,8001,087,800972,300915,300908,100
   > Total Current Assets 
15,000
14,800
13,500
29,500
14,400
13,400
14,400
15,200
12,200
17,800
16,900
15,778
19,758
263
16,894
16,341
16,385
16,145
17,414
30,830
30,83017,41416,14516,38516,34116,89426319,75815,77816,90017,80012,20015,20014,40013,40014,40029,50013,50014,80015,000
       Cash And Cash Equivalents 
500
0
0
500
400
500
700
100
0
0
0
0
0
263
541
541
227
2,485
2,648
13,825
13,8252,6482,4852275415412630000010070050040050000500
       Short-term Investments 
0
0
0
1,735
0
0
0
0
0
0
0
0
0
0
0
0
-364,654
-319,952
-304,873
-160,936
-160,936-304,873-319,952-364,6540000000000001,735000
       Net Receivables 
14,500
14,800
13,500
29,000
14,000
12,900
13,700
15,200
12,200
17,800
16,900
15,778
19,758
21,780
16,353
15,996
16,158
13,660
14,766
17,005
17,00514,76613,66016,15815,99616,35321,78019,75815,77816,90017,80012,20015,20013,70012,90014,00029,00013,50014,80014,500
   > Long-term Assets 
893,000
900,400
958,800
1,058,300
1,142,500
784,000
847,200
786,000
892,400
1,261,200
1,186,000
1,258,987
1,253,844
0
1,194,227
1,161,831
1,251,995
1,192,035
1,156,470
945,231
945,2311,156,4701,192,0351,251,9951,161,8311,194,22701,253,8441,258,9871,186,0001,261,200892,400786,000847,200784,0001,142,5001,058,300958,800900,400893,000
       Long Term Investments 
0
0
0
1,056,534
1,142,498
784,027
0
0
0
0
0
853,815
852,443
838,969
1,194,227
1,161,806
1,251,995
1,192,035
1,156,470
945,231
945,2311,156,4701,192,0351,251,9951,161,8061,194,227838,969852,443853,81500000784,0271,142,4981,056,534000
       Other Assets 
100
100
972,300
1,087,800
900
900
861,600
100
904,600
100
1,202,900
14
25
375,272
23
1,177,814
364,654
319,952
3
3
33319,952364,6541,177,81423375,27225141,202,900100904,600100861,6009009001,087,800972,300100100
> Total Liabilities 
17,200
11,500
11,200
119,500
232,900
126,100
119,900
106,500
169,700
473,700
466,400
491,784
493,096
496,032
484,391
464,423
495,450
462,130
465,054
387,254
387,254465,054462,130495,450464,423484,391496,032493,096491,784466,400473,700169,700106,500119,900126,100232,900119,50011,20011,50017,200
   > Total Current Liabilities 
16,500
10,800
10,300
88,100
218,100
120,900
116,500
104,000
149,500
204,600
5,300
6,144
6,071
1,127
1,923
1,661
7,020
1,602
9,952
15,564
15,5649,9521,6027,0201,6611,9231,1276,0716,1445,300204,600149,500104,000116,500120,900218,10088,10010,30010,80016,500
       Short-term Debt 
0
0
0
88,100
218,100
120,900
116,500
104,000
149,500
204,600
0
490,351
0
0
0
1,661
0
0
0
0
00001,661000490,3510204,600149,500104,000116,500120,900218,10088,100000
       Short Long Term Debt 
0
0
0
0
218,058
0
0
0
0
0
0
490,351
489,898
494,899
482,467
0
0
0
0
0
00000482,467494,899489,898490,351000000218,0580000
       Accounts payable 
0
0
0
30,406
13,922
4,451
0
0
0
0
0
926
2,767
518
1,897
1,615
7,020
1,602
9,952
15,564
15,5649,9521,6027,0201,6151,8975182,767926000004,45113,92230,406000
       Other Current Liabilities 
16,500
10,800
10,300
0
0
0
0
0
0
0
5,300
6,144
6,071
100
27
-1,661
-7,020
-1,602
-9,952
-15,564
-15,564-9,952-1,602-7,020-1,661271006,0716,1445,300000000010,30010,80016,500
   > Long-term Liabilities 
0
0
0
100
400
0
0
0
0
0
461,100
485,639
487,025
0
482,467
462,762
225,355
197,400
192,095
108,650
108,650192,095197,400225,355462,762482,4670487,025485,639461,10000000400100000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
485,639
487,025
494,899
482,467
461,035
488,150
460,164
454,891
0
0454,891460,164488,150461,035482,467494,899487,025485,63900000000000
       Other Liabilities 
0
0
0
118
0
0
0
0
0
0
0
1
3
6
12
17
20
26
35
0
035262017126310000000118000
       Deferred Long Term Liability 
0
0
0
809
878
714
0
0
0
0
0
14
25
0
0
0
0
0
0
0
0000000251400000714878809000
> Total Stockholder Equity
890,900
903,800
961,100
968,400
924,900
672,200
741,700
694,800
734,900
805,400
736,500
782,996
780,532
1,936
726,753
713,391
772,929
746,050
708,834
588,811
588,811708,834746,050772,929713,391726,7531,936780,532782,996736,500805,400734,900694,800741,700672,200924,900968,400961,100903,800890,900
   Common Stock
400
400
400
400
400
400
400
0
0
0
0
785,774
741,768
718,219
707,138
700,082
698,447
698,684
698,523
696,655
696,655698,523698,684698,447700,082707,138718,219741,768785,7740000400400400400400400400
   Retained Earnings 
5,200
2,900
7,600
-1,000
-8,200
-38,200
-55,100
-68,900
-81,800
-107,500
-65,100
-5,621
35,047
22,032
1,444
13,309
74,482
47,366
10,311
-107,844
-107,84410,31147,36674,48213,3091,44422,03235,047-5,621-65,100-107,500-81,800-68,900-55,100-38,200-8,200-1,0007,6002,9005,200
   Accumulated Other Comprehensive Income 
46,900
62,000
39,200
55,100
23,500
-131,400
-21,300
-30,000
57,400
112,800
3,200
3,196
2,843
1,936
1,444
1,444
0
0
0
0
00001,4441,4441,9362,8433,1963,200112,80057,400-30,000-21,300-131,40023,50055,10039,20062,00046,900
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
785,774
741,768
718,219
707,138
700,082
698,447
698,685
698,523
0
0698,523698,685698,447700,082707,138718,219741,768785,77400000000000
   Treasury Stock00000000000000000000
   Other Stockholders Equity 
838,400
838,500
913,900
913,900
909,200
841,400
817,700
793,700
759,300
800,100
798,400
785,421
742,642
-1,936
707,138
-1,444
-772,929
-746,050
-708,834
-588,811
-588,811-708,834-746,050-772,929-1,444707,138-1,936742,642785,421798,400800,100759,300793,700817,700841,400909,200913,900913,900838,500838,400



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2022-10-31)

Gross Profit (+$)
totalRevenue-90,023
Cost of Revenue--133,897
Gross Profit-90,02343,875
 
Operating Income (+$)
Gross Profit-90,023
Operating Expense-402
Operating Income-90,424-90,424
 
Operating Expense (+$)
Research Development0
Selling General Administrative330
Selling And Marketing Expenses0
Operating Expense402330
 
Net Interest Income (+$)
Interest Income43,871
Interest Expense-10,547
Other Finance Cost-0
Net Interest Income33,324
 
Pretax Income (+$)
Operating Income-90,424
Net Interest Income33,324
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-90,424-79,877
EBIT - interestExpense = -100,972
-229,267
-79,877
Interest Expense10,547
Earnings Before Interest and Taxes (EBIT)-90,424-79,877
Earnings Before Interest and Taxes (EBITDA)-128,295
 
After tax Income (+$)
Income Before Tax-90,424
Tax Provision-0
Net Income From Continuing Ops-90,424-90,424
Net Income-90,424
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses402
Total Other Income/Expenses Net-10,547-33,324
 

Technical Analysis of Invesco
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Invesco. The general trend of Invesco is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Invesco's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Invesco Municipal Trust.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 9.7008 < 9.7986650740741 < 10.03.

The bearish price targets are: 9.52 > 9.4617 > 9.2554079655544.

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Invesco Municipal Trust Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Invesco Municipal Trust. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Invesco Municipal Trust Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Invesco Municipal Trust. The current macd is 0.00903194.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Invesco price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Invesco. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Invesco price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Invesco Municipal Trust Daily Moving Average Convergence/Divergence (MACD) ChartInvesco Municipal Trust Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Invesco Municipal Trust. The current adx is 17.53.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Invesco shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Invesco Municipal Trust Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Invesco Municipal Trust. The current sar is 9.72009946.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Invesco Municipal Trust Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Invesco Municipal Trust. The current rsi is 46.61. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Invesco Municipal Trust Daily Relative Strength Index (RSI) ChartInvesco Municipal Trust Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Invesco Municipal Trust. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Invesco price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Invesco Municipal Trust Daily Stochastic Oscillator ChartInvesco Municipal Trust Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Invesco Municipal Trust. The current cci is -81.05324105.

Invesco Municipal Trust Daily Commodity Channel Index (CCI) ChartInvesco Municipal Trust Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Invesco Municipal Trust. The current cmo is -16.91794905.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Invesco Municipal Trust Daily Chande Momentum Oscillator (CMO) ChartInvesco Municipal Trust Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Invesco Municipal Trust. The current willr is -87.5.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Invesco Municipal Trust Daily Williams %R ChartInvesco Municipal Trust Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Invesco Municipal Trust.

Invesco Municipal Trust Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Invesco Municipal Trust. The current atr is 0.06574198.

Invesco Municipal Trust Daily Average True Range (ATR) ChartInvesco Municipal Trust Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Invesco Municipal Trust. The current obv is -8,871,942.

Invesco Municipal Trust Daily On-Balance Volume (OBV) ChartInvesco Municipal Trust Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Invesco Municipal Trust. The current mfi is 38.89.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Invesco Municipal Trust Daily Money Flow Index (MFI) ChartInvesco Municipal Trust Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Invesco Municipal Trust.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-14ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-16BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-01BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-06MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-26RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-29WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-02CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-04RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-30WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-09STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-12WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-27WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-18DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-25WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside

6.3. Candlestick Patterns

Invesco Municipal Trust Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Invesco Municipal Trust based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.610
Ma 20Greater thanMa 509.614
Ma 50Greater thanMa 1009.532
Ma 100Greater thanMa 2009.312
OpenGreater thanClose9.570
Total4/5 (80.0%)
Penke

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