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PGX
ETF ticker: NYSE ARCA
AS OF
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Net Assets
4.41B

PGX Invesco Preferred ETF Forecast, Technical & Fundamental Analysis

Category WorldStock
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for PGX with price predictions
07:00 PM EST Nov 27, 2023

PGX in upward trend: 10-day moving average crossed above 50-day moving average on November 10, 2023

The 10-day moving average for PGX crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 01, 2023. You may want to consider a long position or call options on PGX as a result. In of 75 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 PGX just turned positive on October 25, 2023. Looking at past instances where PGX's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

PGX moved above its 50-day moving average on November 02, 2023 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 340 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 369 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 10-day RSI Indicator for PGX moved out of overbought territory on November 21, 2023. 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 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

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 .

PGX broke above its upper Bollinger Band on November 01, 2023. 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to track the investment results (before fees and expenses) of the ICE BofA Core Plus Fixed Rate Preferred Securities Index. The fund generally will invest at least 80% of its total assets in the components of the index. Strictly in accordance with its guidelines and mandated procedures, ICE Data Indices, LLC selects securities for the index, which is a market capitalization-weighted index designed to measure the performance of the fixed rate U.S. dollar-denominated preferred securities market.

Market Cap

The average market capitalization across the Invesco Preferred ETF ETF is 2.05B. The market cap for tickers in the group ranges from 218.88K to 218.88K. ESGRP holds the highest valuation in this group at 218.88K. The lowest valued company is ESGRP at 218.88K.

High and low price notable news

The average weekly price growth across all stocks in the Invesco Preferred ETF ETF was 5%. For the same ETF, the average monthly price growth was 44%, and the average quarterly price growth was 58%. BPYPP experienced the highest price growth at 4%, while BHFAO experienced the biggest fall at -4%.

Volume

The average weekly volume growth across all stocks in the Invesco Preferred ETF ETF was 35%. For the same stocks of the ETF, the average monthly volume growth was 14% and the average quarterly volume growth was -47%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 6
P/E Growth Rating: 99
Price Growth Rating: 48
SMR Rating: 96
Profit Risk Rating: 93
Seasonality Score: 3 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category WorldStock

Profile
Fundamentals
Details
Category
Preferred Stock
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
N/A
Web
www.invescopowershares.com
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PGX and

Correlation & Price change

A.I.dvisor indicates that over the last year, PGX has been closely correlated with PFFD. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if PGX jumps, then PFFD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PGX
1D Price
Change %
PGX100%
+0.36%
PFFD - PGX
97%
Closely correlated
+0.27%
PFF - PGX
97%
Closely correlated
+0.33%
PSK - PGX
97%
Closely correlated
+0.37%
PGF - PGX
95%
Closely correlated
+0.64%
PFXF - PGX
91%
Closely correlated
+0.42%
More