PIO Stock Invesco Global Water ETF (PIO, $42.22) Moving Average Convergence Divergence (MACD) Histogram turned negative on October 4, 2024

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PIO - Invesco Global Water ETF

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Odds of DOWN Trend

Price: $42.22

Daily change: +$0.01 (+0.02%)

Daily volume: 4K

Net Assets: $281.4M

PIO sees MACD Histogram just turned negative

PIO saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 04, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 47 instances where the indicator turned negative. In of the 47 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for PIO moved out of overbought territory on October 01, 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 39 similar instances where the indicator moved out of overbought territory. In of the 39 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 PIO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 18, 2024. You may want to consider a long position or call options on PIO as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 10-day moving average for PIO crossed bullishly above the 50-day moving average on September 19, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 10 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 PIO advanced for three days, in of 378 cases, the price rose further within the following month. The odds of a continued upward trend are .