Index Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG)
Sidelines Mode (-55) - VRIG is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid VRIG?
MarketClub looks at technical strength and momentum to determine if the timing is right for VRIG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VRIG
The long-term trend has been UP since May 3rd, 2022 at 25.048
The intermediate-term trend has been DOWN since May 19th, 2022 at 24.888
The short-term trend has been UP since May 26th, 2022 at 24.838
Smart Scan Analysis for VRIG
Based on our trend formula, VRIG is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||25.29||Year High Date||2018-01-17|
|Year Low||24.86||Year Low Date||2018-11-19|
|52wk High||25.13||52wk High Date||2021-10-05|
|52wk Low||24.78||52wk Low Date||2022-05-26|
|Average Volume||214,952||Shares Outstanding||2,000|