PEJ Stock Invesco Dynamic Leisure and Entmnt ETF (PEJ, $52.51) entered Downtrend as Momentum indicator drops below 0 level on Nov 20, 2024

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PEJ - Invesco Dynamic Leisure and Entmnt ETF

Momentum signal

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Odds of DOWN Trend

Price: $52.51

Daily change: +$0.36 (+0.69%)

Daily volume: 36K

Net Assets: $256.4M

PEJ saw its Stochastic Oscillator peaks and leaves the overbought zone

The Stochastic Oscillator for PEJ moved out of overbought territory on November 18, 2024. 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 64 similar instances where the indicator exited the overbought zone. In of the 64 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for PEJ moved out of overbought territory on November 15, 2024. 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 42 similar instances where the indicator moved out of overbought territory. In of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on November 20, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PEJ as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for PEJ turned negative on November 19, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .

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

PEJ broke above its upper Bollinger Band on November 05, 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.

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PEJ advanced for three days, in of 322 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 302 cases where PEJ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .