IGPT Invesco AI and Next Gen Software ETF Forecast, Technical & Fundamental Analysis
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 .
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)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Technology
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.
| Ticker / NAME | Correlation To IGPT | 1D Price Change % | ||
|---|---|---|---|---|
| IGPT | 100% | +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% |