PEY Stock Invesco High Yield Eq Div Achiev™ ETF (PEY, $22.14) entered Uptrend as Momentum indicator ascends above 0 level on Oct 15, 2024

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PEY - Invesco High Yield Eq Div Achiev™ ETF

Momentum signal

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Odds of UP Trend

Price: $22.14

Daily change: +$0.24 (+1.1%)

Daily volume: 241.8K

Net Assets: $1.2B

PEY's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for PEY turned positive on October 15, 2024. Looking at past instances where PEY's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 15, 2024. You may want to consider a long position or call options on PEY as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 PEY advanced for three days, in of 329 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 321 cases where PEY 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 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 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

PEY broke above its upper Bollinger Band on October 15, 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.