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PHB
ETF ticker: NYSE ARCA
AS OF
Dec 24, 10:42 AM (EDT)
Price
$18.02
Change
-$0.03 (-0.17%)
Net Assets
399.71M

PHB Invesco Fundamental Hi Yld® Corp Bd ETF Forecast, Technical & Fundamental Analysis

Category HighYieldBond
PHB
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for PHB with price predictions
Dec 23, 2024

PHB in -1.36% downward trend, falling for three consecutive days on December 19, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where PHB declined for three days, in of 229 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PHB as a result. In of 97 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 PHB turned negative on December 13, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

PHB moved below its 50-day moving average on December 18, 2024 date and that indicates a change from an upward trend to a downward trend.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PHB's RSI Oscillator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The 10-day moving average for PHB crossed bullishly above the 50-day moving average on November 26, 2024. 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PHB advanced for three days, in of 290 cases, the price rose further within the following month. The odds of a continued upward trend are .

PHB 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 330 cases where PHB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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PHB
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category HighYieldBond

Profile
Fundamentals
Details
Category
High Yield Bond
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
N/A
Web
www.invescopowershares.com
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PHB and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, PHB has been closely correlated with HYLB. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if PHB jumps, then HYLB could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PHB
1D Price
Change %
PHB100%
-0.22%
HYLB - PHB
98%
Closely correlated
-0.25%
USHY - PHB
93%
Closely correlated
-0.15%
SPHY - PHB
92%
Closely correlated
-0.17%
SHYG - PHB
92%
Closely correlated
-0.21%
HYG - PHB
91%
Closely correlated
-0.27%
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