PSCM Invesco S&P SmallCap Materials ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for PSCM turns negative, indicating new downward trend
PSCM saw its Momentum Indicator move below the 0 level on September 06, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 89 similar instances where the indicator turned negative. In of the 89 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for PSCM turned negative on September 20, 2023. 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
PSCM moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.
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 .
PSCM broke above its upper Bollinger Band on September 01, 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 PSCM entered a downward trend on September 11, 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.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PSCM's RSI Indicator 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PSCM advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category NaturalResources
PSCM and
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 92% 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% | -0.33% | ||
| VAW - PSCM | 92% Closely correlated | -0.11% | ||
| XLB - PSCM | 89% Closely correlated | -0.10% | ||
| GNR - PSCM | 79% Closely correlated | -0.02% | ||
| GUNR - PSCM | 76% Closely correlated | N/A | ||
| LIT - PSCM | 71% Closely correlated | +0.75% |