Invesco DWA Consumer Cyclicals Momentum ETF Forecast

$96.54
+0.790 (+0.83%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Green day on Thursday for Invesco DWA Consumer Cyclicals Momentum ETF after gaining 0.83%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Nov 07, 2023 Gain 44.03% PDF

The Invesco DWA Consumer Cyclicals Momentum ETF price gained 0.83% on the last trading day (Thursday, 28th Mar 2024), rising from $95.75 to $96.54. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.447% from a day low at $96.11 to a day high of $96.54. The price has risen in 8 of the last 10 days and is up by 5.86% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 603 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $331.33 thousand.

The ETF has broken the narrow and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $96.23, a level that may pose a second chance to hit a runner. According to fan-theory $99.26 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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PEZ Signals & Forecast

Mostly positive signals in the chart today. The Invesco DWA Consumer Cyclicals Momentum ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $95.39 and $90.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 24, 2024, and so far it has risen 19.39%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Invesco DWA Consumer Cyclicals Momentum has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Invesco DWA Consumer Cyclicals Momentum ETF

Invesco DWA Consumer Cyclicals Momentum finds support from accumulated volume at $95.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.430 (0.447%) between high and low. For the last week, the ETF has had daily average volatility of 0.611%.

Our recommended stop-loss: $93.14 (-3.52%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 45 days ago.)

Trading Expectations (PEZ) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Invesco DWA Consumer Cyclicals Momentum ETF to open at $96.40, and during the day (based on 14 day Average True Range), to move between $95.37 and $97.71, which gives a possible trading interval of +/-$1.17 (+/-1.21%) up or down from last closing price. If Invesco DWA Consumer Cyclicals Momentum ETF takes out the full calculated possible swing range there will be an estimated 2.42% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $95.13, some $1.41 (1.46%) from the current price of $96.54, our system finds the risk reward attractive.

Is Invesco DWA Consumer Cyclicals Momentum ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and the ETF has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Invesco DWA Consumer Cyclicals Momentum ETF to perform well in the short-term period. Due to a possible false trend-break listing ETF as pure buy candidate is held back.

Current score: 4.281 Buy Candidate Unchanged

Predicted Opening Price for Invesco DWA Consumer Cyclicals Momentum ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$96.40 ( 0.148%) $96.54

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PEZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 96.83 0.297 %
R2 96.66 0.127 %
R1 96.56 0.0217 %
Current price: 96.54
Support S1 96.23 -0.319 %
S2 96.13 -0.424 %
S3 95.97 -0.594 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 96.54
Support S1 95.13 -1.46%
S2 92.06 -4.64%
S3 84.51 -12.46%

PEZ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 18, 2024 Mar 18, 2024 Mar 22, 2024 $0.116 0.122%
2 Dec 18, 2023 Dec 18, 2023 Dec 22, 2023 $0.0316 0.0382%
3 Sep 18, 2023 Sep 18, 2023 Sep 22, 2023 $0.0940 0.146%
4 Sep 08, 2023 Jun 20, 2023 Jun 23, 2023 $0.143 0.213%
5 Jun 19, 2023 Mar 20, 2023 Mar 24, 2023 $0.230 0.350%

FAQ

What is the symbol for Invesco DWA Consumer Cyclicals Momentum ETF ETF and on which exchange is it traded?
The symbol for Invesco DWA Consumer Cyclicals Momentum ETF is PEZ and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Invesco DWA Consumer Cyclicals Momentum ETF ETF?
Several short-term signals, along with a general good trend, are positive and the ETF has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Invesco DWA Consumer Cyclicals Momentum ETF to perform well in the short-term period. Due to a possible false trend-break listing ETF as pure buy candidate is held back.

How to buy Invesco DWA Consumer Cyclicals Momentum ETF ETF?
Invesco DWA Consumer Cyclicals Momentum ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Invesco DWA Consumer Cyclicals Momentum ETF ETF.

What's the current price of Invesco DWA Consumer Cyclicals Momentum ETF ETF?
As of the end of day on the 2024-03-28, the price of an Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) share was $96.54.

What is the 52-week high and low for Invesco DWA Consumer Cyclicals Momentum ETF ETF?
The 52-week high for Invesco DWA Consumer Cyclicals Momentum ETF ETF is $96.54 and the 52-week low is $59.02.

What is the market capitalization of Invesco DWA Consumer Cyclicals Momentum ETF ETF?
As of the 2024-03-28, the market capitalization of Invesco DWA Consumer Cyclicals Momentum ETF is 57.905M.
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