PSCM Invesco S&P SmallCap Materials ETF Forecast, Technical & Fundamental Analysis
PSCM in +1.15% Uptrend, growing for three consecutive days on January 06, 2025
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 PSCM advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PSCM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for PSCM entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category NaturalResources
PSCM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PSCM has been closely correlated with VAW. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if PSCM jumps, then VAW could also see price increases.
| Ticker / NAME | Correlation To PSCM | 1D Price Change % | ||
|---|---|---|---|---|
| PSCM | 100% | +0.63% | ||
| VAW - PSCM | 84% Closely correlated | +0.67% | ||
| XLB - PSCM | 78% Closely correlated | +0.65% | ||
| LIT - PSCM | 70% Closely correlated | +1.59% | ||
| CUT - PSCM | 68% Closely correlated | +0.83% | ||
| GNR - PSCM | 67% Closely correlated | +0.90% | ||
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