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.
AI Analysis of PGX
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Weaker technical forecast for Invesco Preferred as ETF downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 22, 2024 Gain 0.85% PDF

The Invesco Preferred ETF price fell by -0.669% on the last day (Thursday, 28th Mar 2024) from $11.96 to $11.88. During the last trading day the ETF fluctuated 1.26% from a day low at $11.88 to a day high of $12.03. The price has fallen in 5 of the last 10 days and is down by -0.17% for this period. Volume has increased on the last day by 927 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately $63.16 million.

Given the current short-term trend, the ETF is expected to rise 3.98% during the next 3 months and, with a 90% probability hold a price between $12.35 and $12.54 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

PGX Signals & Forecast

The Invesco Preferred ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $11.95. On a fall, the ETF will find some support from the long-term average at approximately $11.87. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -1.16%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for Invesco Preferred ETF

Invesco Preferred finds support from accumulated volume at $11.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.150 between high and low, or 1.26%. For the last week the ETF has had daily average volatility of 0.88%.

Our recommended stop-loss: $11.46 (-3.55%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Invesco Preferred ETF to open at $11.93, and during the day (based on 14 day Average True Range), to move between $11.79 and $11.97, which gives a possible trading interval of +/-$0.0890 (+/-0.75%) up or down from last closing price. If Invesco Preferred ETF takes out the full calculated possible swing range there will be an estimated 1.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.89 (0.08%) than the support at $11.86 (0.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Invesco Preferred ETF ETF A Buy?

Invesco Preferred holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.247 Hold/Accumulate Downgraded

Predicted Opening Price for Invesco Preferred ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$11.93 ( 0.421%) $11.88

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

Trading levels for PGX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 12.08 1.68 %
R2 12.02 1.20 %
R1 11.99 0.90 %
Current price: 11.88
Support S1 11.87 -0.0614 %
S2 11.84 -0.359 %
S3 11.78 -0.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.00 1.01 %
R2 11.96 0.673 %
R1 11.89 0.0842 %
Current price 11.88
Support S1 11.86 -0.168%
S2 11.80 -0.673%
S3 11.47 -3.45%

PGX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 11, 2024 Mar 18, 2024 Mar 22, 2024 $0.0577 0.482%
2 Jan 11, 2024 Feb 20, 2024 Feb 23, 2024 $0.0556 0.468%
3 Jan 11, 2024 Jan 22, 2024 Jan 26, 2024 $0.0576 0.488%
4 Jan 02, 2023 Dec 18, 2023 Dec 22, 2023 $0.0689 0.598%
5 Jan 02, 2023 Nov 20, 2023 Nov 24, 2023 $0.0600 0.549%

FAQ

What is the symbol for Invesco Preferred ETF ETF and on which exchange is it traded?
The symbol for Invesco Preferred ETF is PGX and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell Invesco Preferred ETF ETF?
Invesco Preferred holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Invesco Preferred ETF ETF?
Invesco Preferred 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 Preferred ETF ETF.

What's the current price of Invesco Preferred ETF ETF?
As of the end of day on the 2024-03-28, the price of an Invesco Preferred ETF (PGX) share was $11.88.

What is the 52-week high and low for Invesco Preferred ETF ETF?
The 52-week high for Invesco Preferred ETF ETF is $12.06 and the 52-week low is $10.14.
Click to get the best stock tips daily for free!

About Invesco Preferred ETF

The fund generally will invest at least 80% of its total assets in the components of the index. Strictly in accordance with its guidelines and mandated procedures, ICE Data Indices, LLC selects securities for the index, which is a market capitalization-weighted index designed to measure the total return performance of the fixed rate U.S. dollar-denominated preferred securities market.... PGX Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT