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PJP
ETF ticker:
NYSE ARCA
AS OF
Jul 1 closing price
Price
$76.19
Change
+$1.29 (+1.72%)
Net Assets
318.26M

PJP Price Prediction, Invesco Dynamic Pharmaceuticals ETF AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

PJP in upward trend: price expected to rise as it breaks its lower Bollinger Band on June 09, 2022

PJP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 41 of 46 cases where PJP's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 89%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PJP's RSI Oscillator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on June 24, 2022. You may want to consider a long position or call options on PJP as a result. In of 80 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 PJP just turned positive on June 23, 2022. Looking at past instances where PJP's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

PJP moved above its 50-day moving average on June 29, 2022 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 PJP advanced for three days, in of 332 cases, the price rose further within 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 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PJP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
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published price charts
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published Highlights

Notable companies

The most notable companies in this group are Johnson & Johnson (NYSE:JNJ), Eli Lilly & Co (NYSE:LLY), Pfizer (NYSE:PFE), ABBVIE (NYSE:ABBV), Merck & Co (NYSE:MRK), Abbott Laboratories (NYSE:ABT), Amgen (NASDAQ:AMGN), Gilead Sciences (NASDAQ:GILD), Regeneron Pharmaceuticals (NASDAQ:REGN), Biogen (NASDAQ:BIIB).

Industry description

The investment seeks to track the investment results (before fees and expenses) of the Dynamic Pharmaceutical IntellidexSM Index. The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of common stocks of U.S. pharmaceutical companies. These companies are engaged principally in the research, development, manufacture, sale or distribution of pharmaceuticals and drugs of all types. The fund is non-diversified.

Market Cap

The average market capitalization across the Invesco Dynamic Pharmaceuticals ETF ETF is 76.71B. The market cap for tickers in the group ranges from 1.03B to 472.39B. JNJ holds the highest valuation in this group at 472.39B. The lowest valued company is ENTA at 1.03B.

High and low price notable news

The average weekly price growth across all stocks in the Invesco Dynamic Pharmaceuticals ETF ETF was 1%. For the same ETF, the average monthly price growth was 2%, and the average quarterly price growth was -6%. AMPH experienced the highest price growth at 11%, while HZNP experienced the biggest fall at -5%.

Volume

The average weekly volume growth across all stocks in the Invesco Dynamic Pharmaceuticals ETF ETF was 70%. For the same stocks of the ETF, the average monthly volume growth was 143% and the average quarterly volume growth was 299%

Fundamental Analysis Ratings

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

Valuation Rating: 56
P/E Growth Rating: 42
Price Growth Rating: 51
SMR Rating: 66
Profit Risk Rating: 51
Seasonality Score: -16 (-100 ... +100)
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published General Information

General Information

Category Health

Profile
Fundamentals
Details
Category
Health
Address
Powershares Exchange Traded Fund Trust227 E Prairie AveWheaton
Phone
N/A
Web
www.invescopowershares.com

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PJP and

Correlation & Price change

A.I.dvisor indicates that over the last year, PJP has been closely correlated with VHT. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if PJP jumps, then VHT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PJP
1D Price
Change %
PJP100%
+1.61%
VHT - PJP
87%
Closely correlated
+1.27%
XLV - PJP
83%
Closely correlated
+1.12%
IBB - PJP
77%
Closely correlated
+2.16%
IHI - PJP
73%
Closely correlated
+1.88%
XBI - PJP
73%
Closely correlated
+3.06%