Invesco Variable Rate Preferred ETF (VRP)

Invesco Variable Rate Preferred ETF is trading at $24.09, down 0.17% on the session. The 50 day average sits at $24.29 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 42.1, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $24.16 with resistance near $24.27, so that band frames the current range. Average daily movement is roughly $0.08, or about 0.3% of the share price, which is what any stop placement has to allow for. The overall health score of 53 out of 100 combines a trend score of 32, momentum of 55 and a risk score of 84.

The fund will invest at least 90% of its total assets in the components of the index, as well as ADRs that represent securities in the index. The index provider compiles and calculates the index, a market capitalization-weighted index designed to track the performance of floating and variable rate investment grade and below investment grade U.S. dollar denominated preferred stock, as well as certain types of hybrid securities. It is non-diversified.