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Invesco DWA Technology Momentum ETF Forecast NASDAQ:PTF

$141.79 (-1.94%)

Volume: 33k

Closed: Jan 19, 2022

Hollow Logo Score: -6.780

Invesco DWA Technology Momentum ETF Forecast

$141.79 (-1.94%)

Volume: 33k

Closed: Jan 19, 2022

Score Hollow Logo -6.780
Which way will PTF go? Request

PTF ETF Risk

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $4.97 between high and low, or 3.51%. For the last week, the ETF has had a daily average volatility of 3.19%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Invesco DWA Technology Momentum ETF currently holds an RSI14 at 18 and is oversold on RSI14. The ETF being oversold is no guarantee for instant reaction up as some ETFS may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Weaker technical forecast for Invesco DWA Technology Momentum as ETF downgraded to Strong Sell Candidate.
(Updated on Jan 19, 2022)


Sell candidate since 2022-01-11 Loss -7.43% PDF

The Invesco DWA Technology Momentum ETF price fell by -1.94% on the last day (Wednesday, 19th Jan 2022) from $144.59 to $141.79. and has now fallen 3 days in a row. During the day the ETF fluctuated 3.51% from a day low at $141.60 to a day high of $146.57. The price has fallen in 6 of the last 10 days and is down by -13.5% for this period. Volume has increased on the last day by 14 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, 33 thousand shares were bought and sold for approximately $4.75 million.

The ETF has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($148.08) are considered to be a "second chance" to get out. According to the fan-theory $126.58 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Invesco DWA Technology Momentum ETF holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $149.10 and $161.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, December 27, 2021, and so far it has fallen -17.37%. 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

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $4.97 between high and low, or 3.51%. For the last week, the ETF has had a daily average volatility of 3.19%.

Invesco DWA Technology Momentum is oversold on RSI14 (18). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Invesco DWA Technology Momentum ETF ETF A Buy?

Invesco DWA Technology Momentum holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.780

Strong Sell Candidate Downgraded

Predicted Opening Price for Invesco DWA Technology Momentum ETF of Thursday, January 20, 2022

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

Fair opening price January 20, 2022 Current price
$143.32 $141.79 (Undervalued)

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Volatility and Risk
Daily Average Volatility: 3.19 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.19 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $154.39
Price: $141.79
No Support Found

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 148.29 4.58 %
146.39 3.25 %
145.22 2.42 %
Current price: 141.79
Support 141.42 -0.26 %
140.25 -1.09 %
138.35 -2.43 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 166.49 17.42 %
156.94 10.68 %
154.39 8.89 %
Current price 141.79
Support 0 .
0 .
0 .

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