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PBP
ETF ticker: NYSE ARCA
AS OF
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Net Assets
95.47M

PBP Invesco S&P 500 BuyWrite ETF Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for PBP with price predictions
07:00 PM EST Nov 30, 2023

Momentum Indicator for PBP turns positive, indicating new upward trend

PBP saw its Momentum Indicator move above the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned positive. In of the 85 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for PBP just turned positive on November 02, 2023. Looking at past instances where PBP's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

PBP moved above its 50-day moving average on November 06, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for PBP 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 11 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 PBP advanced for three days, in of 312 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 376 cases where PBP 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 2 days. Expect a price pull-back in the near future.

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.

The 50-day moving average for PBP moved below the 200-day moving average on November 22, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

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

PBP broke above its upper Bollinger Band on November 22, 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 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 CBOE S&P 500 BuyWrite IndexSM. The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index and will write (sell) call options thereon. The underlying index is a total return benchmark index that is designed to track the performance of a hypothetical "buy-write" strategy on the S&P 500® Index.

Market Cap

The average market capitalization across the Invesco S&P 500 BuyWrite ETF ETF is 103.2B. The market cap for tickers in the group ranges from 2.92B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is OGN at 2.92B.

High and low price notable news

The average weekly price growth across all stocks in the Invesco S&P 500 BuyWrite ETF ETF was 0%. For the same ETF, the average monthly price growth was 2%, and the average quarterly price growth was -0%. BXP experienced the highest price growth at 18%, while CI experienced the biggest fall at -7%.

Volume

The average weekly volume growth across all stocks in the Invesco S&P 500 BuyWrite ETF ETF was 170%. For the same stocks of the ETF, the average monthly volume growth was -10% and the average quarterly volume growth was -8%

Fundamental Analysis Ratings

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

Valuation Rating: 58
P/E Growth Rating: 51
Price Growth Rating: 40
SMR Rating: 51
Profit Risk Rating: 48
Seasonality Score: 15 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeBlend

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

Correlation & Price change

A.I.dvisor indicates that over the last year, PBP has been closely correlated with XYLD. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if PBP jumps, then XYLD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PBP
1D Price
Change %
PBP100%
-0.00%
XYLD - PBP
80%
Closely correlated
+0.18%
BDJ - PBP
73%
Closely correlated
+1.41%
QYLD - PBP
70%
Closely correlated
+0.12%
ETY - PBP
67%
Closely correlated
N/A
JEPI - PBP
67%
Closely correlated
+0.42%
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