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CVY
ETF ticker: NYSE ARCA
AS OF
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Net Assets
101.68M

CVY Invesco Zacks Multi-Asset Income ETF Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for CVY with price predictions
07:00 PM EST Dec 03, 2023

CVY in upward trend: 10-day moving average moved above 50-day moving average on November 14, 2023

The 10-day moving average for CVY crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on CVY as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CVY just turned positive on November 02, 2023. Looking at past instances where CVY's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .

CVY moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CVY advanced for three days, in of 334 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 290 cases where CVY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CVY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CVY broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Bank of America Corp (NYSE:BAC), Wells Fargo & Co (NYSE:WFC), HSBC Holdings PLC (NYSE:HSBC), Goldman Sachs Group (NYSE:GS), Petroleo Brasileiro Sa-Petrobras ADS (REP 1 Common Share) (NYSE:PBR), CVS HEALTH Corp (NYSE:CVS), EOG Resources (NYSE:EOG), Enterprise Products Partners LP (NYSE:EPD), Phillips 66 (NYSE:PSX), Energy Transfer LP (NYSE:ET).

Industry description

The investment seeks to track the investment results (before fees and expenses) of the Zacks Multi-Asset Income Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index, as well as American depositary receipts ("ADRs") that represent securities in the underlying index. The underlying index is composed of securities that Zacks selects from a universe of domestic and international companies listed on major U.S. exchanges.

Market Cap

The average market capitalization across the Invesco Zacks Multi-Asset Income ETF ETF is 22.43B. The market cap for tickers in the group ranges from 633.46M to 245.01B. BAC holds the highest valuation in this group at 245.01B. The lowest valued company is GSL at 633.46M.

High and low price notable news

The average weekly price growth across all stocks in the Invesco Zacks Multi-Asset Income ETF ETF was 3%. For the same ETF, the average monthly price growth was 4%, and the average quarterly price growth was 9%. LZB experienced the highest price growth at 18%, while BMA experienced the biggest fall at -5%.

Volume

The average weekly volume growth across all stocks in the Invesco Zacks Multi-Asset Income ETF ETF was -50%. For the same stocks of the ETF, the average monthly volume growth was -63% and the average quarterly volume growth was -62%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 42
P/E Growth Rating: 47
Price Growth Rating: 46
SMR Rating: 49
Profit Risk Rating: 57
Seasonality Score: 33 (-100 ... +100)
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published General Information

General Information

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Fundamentals
Details
Category
Aggressive Allocation
Address
Powershares Exchange Traded Fund Trust227 E Prairie AveWheaton
Phone
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Web
www.invescopowershares.com
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CVY and

Correlation & Price change

A.I.dvisor tells us that CVY and MDIV have been poorly correlated (+20% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that CVY and MDIV's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CVY
1D Price
Change %
CVY100%
+0.11%
MDIV - CVY
20%
Poorly correlated
+0.11%
ALTY - CVY
17%
Poorly correlated
+0.36%
EVT - CVY
13%
Poorly correlated
+0.07%
HIPS - CVY
13%
Poorly correlated
+0.25%
CSQ - CVY
10%
Poorly correlated
-1.45%
More