PBJ Stock Invesco Food & Beverage ETF (PBJ, $48) price moved above its 50-day Moving Average on November 21, 2024

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PBJ - Invesco Food & Beverage ETF

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Odds of UP Trend

Price: $48

Daily change: +$0.59 (+1.24%)

Daily volume: 4.6K

Net Assets: $109.6M

PBJ in upward trend: 10-day moving average crossed above 50-day moving average on November 14, 2024

The 10-day moving average for PBJ crossed bullishly above the 50-day moving average on November 14, 2024. 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 .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 53 cases where PBJ's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 21, 2024. You may want to consider a long position or call options on PBJ as a result. In of 78 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 PBJ just turned positive on November 21, 2024. Looking at past instances where PBJ's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

PBJ moved above its 50-day moving average on November 21, 2024 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 PBJ advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

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

PBJ broke above its upper Bollinger Band on November 06, 2024. 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.

The Aroon Indicator for PBJ entered a downward trend on November 05, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.