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IGPT
ETF ticker: NYSE ARCA
AS OF
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Net Assets
176.89M

IGPT Invesco AI and Next Gen Software ETF Forecast, Technical & Fundamental Analysis

Category Technology
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for IGPT with price predictions
07:00 PM EST Dec 07, 2023

IGPT sees MACD Histogram crosses below signal line

IGPT saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 04, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 51 instances where the indicator turned negative. In of the 51 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for IGPT moved out of overbought territory on December 04, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 cases where IGPT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

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

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 08, 2023. You may want to consider a long position or call options on IGPT as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

IGPT moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for IGPT crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IGPT advanced for three days, in of 349 cases, the price rose further within the following month. The odds of a continued upward trend are .

IGPT 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 315 cases where IGPT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Alphabet (NASDAQ:GOOGL), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Adobe (NASDAQ:ADBE), Advanced Micro Devices (NASDAQ:AMD), Intel Corp (NASDAQ:INTC), QUALCOMM (NASDAQ:QCOM), Intuitive Surgical (NASDAQ:ISRG), Micron Technology (NASDAQ:MU), Marvell Technology (NASDAQ:MRVL).

Industry description

The investment seeks to track the investment results (before fees and expenses) of the STOXX World AC NexGen Software Development Index. The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of securities of companies with significant exposure to technologies or products that contribute to future software development through direct revenue. The fund is non-diversified.

Market Cap

The average market capitalization across the Invesco AI and Next Gen Software ETF ETF is 142.09B. The market cap for tickers in the group ranges from 5.45M to 1.73T. GOOGL holds the highest valuation in this group at 1.73T. The lowest valued company is AUTO at 5.45M.

High and low price notable news

The average weekly price growth across all stocks in the Invesco AI and Next Gen Software ETF ETF was 0%. For the same ETF, the average monthly price growth was 7%, and the average quarterly price growth was -66%. MSTR experienced the highest price growth at 14%, while TDC experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the Invesco AI and Next Gen Software ETF ETF was 3%. For the same stocks of the ETF, the average monthly volume growth was 26% and the average quarterly volume growth was 1%

Fundamental Analysis Ratings

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

Valuation Rating: 70
P/E Growth Rating: 42
Price Growth Rating: 35
SMR Rating: 66
Profit Risk Rating: 50
Seasonality Score: 10 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Technology

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

Correlation & Price change

A.I.dvisor tells us that IGPT and IYW have been poorly correlated (+11% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that IGPT and IYW's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To IGPT
1D Price
Change %
IGPT100%
+0.53%
IYW - IGPT
11%
Poorly correlated
+0.72%
VGT - IGPT
9%
Poorly correlated
+0.89%
XLK - IGPT
9%
Poorly correlated
+0.85%
SMH - IGPT
8%
Poorly correlated
+0.86%
SOXX - IGPT
6%
Poorly correlated
+0.79%