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EQWL
ETF ticker: NYSE ARCA
AS OF
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Net Assets
391.46M

EQWL Invesco S&P 100 Equal Weight ETF Forecast, Technical & Fundamental Analysis

Category LargeValue
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for EQWL with price predictions
07:00 PM EST Nov 30, 2023

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

The 10-day moving average for EQWL 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 15 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 EQWL as a result. In of 66 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 EQWL just turned positive on November 01, 2023. Looking at past instances where EQWL's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

EQWL moved above its 50-day moving average on November 10, 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 EQWL advanced for three days, in of 361 cases, the price rose further within the following month. The odds of a continued upward trend are .

EQWL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 378 cases where EQWL 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 demonstrates that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 19 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 EQWL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA), Eli Lilly & Co (NYSE:LLY), VISA (NYSE:V).

Industry description

The investment seeks to track the investment results (before fees and expenses) of the S&P 100® Equal Weight Index. The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which consists of all of the components of the S&P 100® Index.

Market Cap

The average market capitalization across the Invesco S&P 100 Equal Weight ETF ETF is 293.25B. The market cap for tickers in the group ranges from 36.15B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is BK at 36.15B.

High and low price notable news

The average weekly price growth across all stocks in the Invesco S&P 100 Equal Weight ETF ETF was 2%. For the same ETF, the average monthly price growth was 9%, and the average quarterly price growth was 7%. CRM experienced the highest price growth at 16%, while PFE experienced the biggest fall at -5%.

Volume

The average weekly volume growth across all stocks in the Invesco S&P 100 Equal Weight ETF ETF was 152%. For the same stocks of the ETF, the average monthly volume growth was -10% and the average quarterly volume growth was -12%

Fundamental Analysis Ratings

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

Valuation Rating: 52
P/E Growth Rating: 49
Price Growth Rating: 39
SMR Rating: 39
Profit Risk Rating: 42
Seasonality Score: 15 (-100 ... +100)
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published General Information

General Information

Category LargeValue

Profile
Fundamentals
Details
Category
Large Value
Address
Powershares Exchange Traded Fund Trust227 E Prairie AveWheaton
Phone
N/A
Web
www.invescopowershares.com
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EQWL and

Correlation & Price change

A.I.dvisor indicates that over the last year, EQWL has been closely correlated with IWD. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if EQWL jumps, then IWD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EQWL
1D Price
Change %
EQWL100%
+0.72%
IWD - EQWL
90%
Closely correlated
+1.10%
VTV - EQWL
89%
Closely correlated
+0.89%
SCHD - EQWL
87%
Closely correlated
+1.11%
DIA - EQWL
87%
Closely correlated
+0.85%
VYM - EQWL
86%
Closely correlated
+1.03%