PEY Stock Invesco High Yield Eq Div Achiev™ ETF (PEY, $22.05) Stochastic Oscillator left the overbought zone on November 19, 2024

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PEY - Invesco High Yield Eq Div Achiev™ ETF

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Odds of DOWN Trend

Price: $22.05

Daily change: -$0.16 (-0.72%)

Daily volume: 149.4K

Net Assets: $1.2B

PEY in downward trend: price may drop because broke its higher Bollinger Band on November 06, 2024

PEY 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 A.I.dvisor looked at 41 similar instances where the stock broke above the upper band. In of the 41 cases the stock fell afterwards. This puts the odds of success at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for PEY moved out of overbought territory on October 17, 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 39 similar instances where the indicator moved out of overbought territory. In of the 39 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 66 cases where PEY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

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 PEY as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 PEY 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 Moving Average Convergence Divergence (MACD) for PEY just turned positive on November 07, 2024. Looking at past instances where PEY's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

PEY moved above its 50-day moving average on November 06, 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 PEY advanced for three days, in of 327 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 316 cases where PEY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .