PBW Invesco WilderHill Clean Energy ETF Forecast, Technical & Fundamental Analysis

PBW saw its Stochastic Oscillator leaves the overbought zone

The Stochastic Oscillator for PBW moved out of overbought territory on January 08, 2025. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 62 similar instances where the indicator exited the overbought zone. In of the 62 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

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

PBW broke above its upper Bollinger Band on January 03, 2025. 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 02, 2025. You may want to consider a long position or call options on PBW as a result. In of 77 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 PBW just turned positive on January 02, 2025. Looking at past instances where PBW's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

PBW moved above its 50-day moving average on January 02, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for PBW crossed bullishly above the 50-day moving average on January 02, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 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 .

The 50-day moving average for PBW moved above the 200-day moving average on January 07, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PBW advanced for three days, in of 292 cases, the price rose further within the following month. The odds of a continued upward trend are .