PGX Invesco Preferred ETF Forecast, Technical & Fundamental Analysis
The investment seeks to track the investment results (before fees and expenses) of the ICE BofA Core Plus Fixed Rate Preferred Securities Index... Show more
PGX sees its Stochastic Oscillator ascending out of oversold territory
On May 27, 2025, the Stochastic Oscillator for PGX moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 53 instances where the indicator left the oversold zone. In of the 53 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for PGX just turned positive on May 30, 2025. Looking at past instances where PGX'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 .
PGX moved above its 50-day moving average on June 03, 2025 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 PGX advanced for three days, in of 316 cases, the price rose further within the following month. The odds of a continued upward trend are .
PGX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 302 cases where PGX 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 Momentum Indicator moved below the 0 level on May 30, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on PGX as a result. In of 81 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 PGX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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General Information
Category RetirementIncome
PGX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PGX has been closely correlated with PGF. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if PGX jumps, then PGF could also see price increases.
| Ticker / NAME | Correlation To PGX | 1D Price Change % | ||
|---|---|---|---|---|
| PGX | 100% | +0.45% | ||
| PGF - PGX | 96% Closely correlated | +0.57% | ||
| PFF - PGX | 95% Closely correlated | +0.33% | ||
| PSK - PGX | 95% Closely correlated | +0.83% | ||
| PFFD - PGX | 92% Closely correlated | +0.38% | ||
| EPRF - PGX | 90% Closely correlated | +0.58% | ||
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