PIE Invesco DW Emerging Markets Momt ETF Forecast, Technical & Fundamental Analysis
PIE in +0.69% Uptrend, growing for three consecutive days on November 28, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where PIE advanced for three days, in of 309 cases, the price rose further within 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 November 02, 2023. You may want to consider a long position or call options on PIE as a result. In of 86 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 PIE just turned positive on November 02, 2023. Looking at past instances where PIE's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
PIE moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for PIE crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 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 .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 16 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for PIE moved below the 200-day moving average on November 08, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PIE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
PIE broke above its upper Bollinger Band on November 03, 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.
The Aroon Indicator for PIE entered a downward trend on November 09, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category DiversifiedEmergingMkts
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| TIHBX | 10.85 | 0.03 | +0.28% |
| Transamerica International Stock I | |||
| BPGSX | 10.12 | 0.02 | +0.20% |
| Boston Partners Global Sustainablty Ins | |||
| FTADX | 42.14 | 0.06 | +0.14% |
| Fidelity Advisor® International Discv M | |||
| GCIRX | 12.74 | N/A | N/A |
| Goldman Sachs Intl Eq Insghts R | |||
| OASGX | 9.49 | -0.05 | -0.52% |
| Optimum Small-Mid Cap Growth A | |||
PIE and
Correlation & Price change
A.I.dvisor indicates that over the last year, PIE has been closely correlated with EEMV. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if PIE jumps, then EEMV could also see price increases.
| Ticker / NAME | Correlation To PIE | 1D Price Change % | ||
|---|---|---|---|---|
| PIE | 100% | +0.58% | ||
| EEMV - PIE | 86% Closely correlated | +0.63% | ||
| EMXC - PIE | 81% Closely correlated | +1.11% | ||
| IEMG - PIE | 79% Closely correlated | +0.85% | ||
| EEM - PIE | 78% Closely correlated | +0.84% | ||
| VWO - PIE | 78% Closely correlated | +0.82% | ||
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